I think $NEO is about to moon... this is why...For about a month neo has bounced down off of the 400 day MA and today it broke through. Hold on and get ready for new ATH...
NEO-BTC
NEOBTCNEo is currently on reload zone + big support, if the resistance at 565k breaks, we can expect reach these 2 targets:
1st target : 750k
2nd target : 900k
NEO possible reversalAt this point we are near to a reversal for Neo.
1- Daily MA100 could act as a strong support
2- If daily MA100 fails, watch for historical uptrend.
Also daily MACD crossing and turning bullish
NeoBtc BittrexNow we are looking at BTC and hoping that correction is over.
I think that neo will rise in 2-3 days and TA helps me to see that
NEO Uniformity Line BacktestingJust practicing some technical analysis on this chart to see how good of indicator the uniformity line proves to be. Uniformity line seems significant. 100 moving average seems to provide significance as price action tends to dance around that area.
NEO/BTC still bearishwould love to hear oppinions, , hoping for more bearish movement to 0.00332106 satoshi between 13.sep-18.sep
- NEO if it does decide to continue to go onJust telling everyone my sell points ! : D - Happy trading ~
NEO/BTC Catching the Falling KnifeI posted that NEO was overstretched on August 17th and that a brutal retrace was imminent. This has in fact happened, but now the time has come to reestablish interest in "China's Ethereum". The long term trend line remains in tact and offers a great opportunity to catch the falling knife, buying in at around .004.
Neo Bear Flag FormationNeo forming in a bear flag formation. Massive selloff happened because of news and we had above average volume, a big break away from the resistance line, MACD double touched the 0 line. Watch for a signal if RSI breaks trendline.
$NEO update Follow up of my charts on Twitter:
Yesterday I posted a pretty bearish chart on Twitter. So many people reacted "just hodl", so I tried to find some positive (technical) signals, but I didnt find them...
I've tried to mark some important levels for NEO.
While making this update, the price broke the fib level 68.1 which it did yesterday already but that was in panic sell mode, now we have a slowly tanking price and thats pretty bearish to me.
Next levels are Fibo extensions and as long we dont break the trendlines to the upside, we're in a 5 legs down wave.
Blue box we're in right now is a smaller correction and it can still bounce from here but its more likely that yesterday's drop is not finished yet. That is a correction on a smaller timeframe and might extend to the yellow box, bounce from there to 4 and finish the complete wave towards 5.
5 is also the zone where whales started their accumulation before this whole rise started (left blue box).
This pattern (accumulate, pump, dump, sucker rally, dump, accumulation zone) is typical for many pumped alts.
Buy NEO starting from 0.0058 to 0.005 Cryptoleaks SignalsPrice have many confirmations to touch this area zone, will be a good buy point, from 5.0058 to 0.005 buy, target 0.009
Two possible $NEO patterns. Bullish.NEO pennant forming. Might break out here or repeat what happened Aug 7. If neither happens there are a few support levels it may rally from. I'm watching it closely for a breakout.
NEO longThe RSI and MACD are giving a BUY. The wedge is coming to his end and will trigger the breakout. So hodl your neo or step in.
Will NEO take the red pill or the blue pill?It's no secret that NEO has floundered a bit since reaching it's all time high. Whether this is due to Bitcoin's market fluctuation or people pumping other coins for quick gains, who knows. What we do know is that it's unlikely for NEO to stay here forever. In fact, other alt coins with similar charts are beginning to take off within the last couple of hours while leaving NEO behind. There is a very real chance that NEO will take off the same way PAY and OMG have if they all continue following similar patterns. As the 4hr MACD stays slightly positive, I'm inclined to lean bullish on NEO and place a buy around .095 hoping for the takeoff.
