Recently OMG stated they have some news for "before the end of august", Vitalik hopping onboard the OMG train, september 4th airdrop, McDonald's partnership, and rumored apple partnership - matched with Neo's overnight success as China's answer to Ethereum... There are more than 50 major companies that are planning to adopt NEO's technology in China - and compared to Ethereum, NEO has achieved more goals to a "Smarter Economy.
I see two balloons that are about to pop.
Neo just broke its symmetrical triangle in a northeast direction OMG is going to the moon, signaled by the high ascending Bullish Pennant
I believe we are about to see new heavy hitting ethereum competitors very soon
And is september 4th airdrop? I think omg may be big too. FacePay tech with apple iPhone 8?
magellanschildren
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@mrnav, yeah its sept 4th, check the website! and yes that's gonna be huge. the point i'm trying to draw is that these 2 both showed up and are kicking ass. they're all over the place. i say HODL NEO HODL OMG
mrnav
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@magellanschildren, I don't see anything on the website about September 4th
@mrnav, i'm referring to the buildup pressure releasing out of the pennant formations, and both markets taking a dramatic swing in the northeast direction.
NEO is undervalued. Its market cap (1.7B) is less than one-tenth of Ethereum (29B) - as of 22 Aug 2017.
NEO is trading on only a handful of exchanges. And it is limited to Bittrex and Binance for non-Chinese citizens. More accessibility (in future) = more value.
NEO will have upcoming ICOs using its blockchain. Pioneers include Red Pulse and AdEX.
NEO is generating more media (e.g. Forbes, Inc, Huffington Post) and public attention.
Businesses and deep-pocketed investors (e.g. Fosun) are beginning to invest in NEO.
NEO generates dividends (GAS). (neotogas.com)
mrnav
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@magellanschildren, what metric is signalling 'pressure release'? Volume is a bit low and it appears to be losing steam a little no?
magellanschildren
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@mrnav, im only referring to them respecting the narrowing support and resistances of their pennants - with the added "mass-psychological" evidence mentioned above^ wth all of the big news unraveling itself. i believe volume is going to rise - and big gaps in volume when narrowed in this way on a bullish trend signals breakout
magellanschildren
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@mrnav, stoch RSI says oversold on the daily chart