NEOBTC UPDATEReached my target on neo very quickly and it is now retracing back to support. Also appears to be forming a potential head and shoulders pattern.
If the previously respected level of support does not hold this time then we may see neo head down further to retest the weekly resistance and trend line around the 48-490000 sat level.
If the support holds as it has previously we may see a bounce to retest the previous rejection level or possibly some consolidation around support.
Watching closely for some confirmations.
NEO-BTC
NEO - Pullback Over - Up for more!NEO finally broke out on July 1st and ran well four days straight. It is very clear to see the pullback is over. All the indicators have turned up and it's an easy decision to enter NEO for some profit from here.
My trading strategy targets for NEO on Bittrex and Binance as posted on my Discord group:
Buy up to: 582500
T1: 641000
T2: 699000
T3:
SL: 495130
Daily volume: 1992 BTC
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
NEOBTC BITTREXNeo after breaking the down trend had a big push and pull back. It is now sitting right at a daily support level which has been respected previously. A close above this support and BTC behaving could see another push up to retest previous structure. If it closes below or BTC decides to dump then it'll head down to retest a lower level of 4 hr support. Watching closely for some confirmation. Looking for a close above and a bullish engulfing candle off support.
NEO/USD falling wedgeNot a lot of us expected NEO to be under $30 again, but here we are. Another great buy-in opportunity or hard to catch falling knife.
Falling Wedge is a bullish formation so we are looking for a breakout at upper red line.
First level at which NEO can bounce upwards is at $23, enxt one near $12.
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$NEO #NEO - FULL ANALYSIS - WHERE TO ENTER???We will start off with the already many times charted and traded 4h chart and then increase up until the monthly, to get a general understanding of what is happening with NEOBTC.
I personally thought that it will be an easy chart but here I am again charting at 2am.
Alright, what we see here is first of all the big blue dotted downtrend line. NEOBTC was supposed to break it at 0.0075 but it failed there and started a HUMUNGOUS downtrend. Everytime it was supposed to recover, it just got rekt even more by the market blood bathing.
Right now we are at an interesting point, giving NEOBTC once again to recover and maybe start heading towards the big downtrend line. Nevertheless, if it breaks this support AGAIN, it IS tanking another -10%.
IN NUMBERS - support at 0.0047. If that breaks, next stop is 0.0042/0. RSI right now is at 28.3 heading down to 20 or below. Based on that RIGHT NOW NEOBTC is SHORT.
Looking at the daily chart, we can see that NEOBTC is heading towards the overall ascending trend line, from where it has mostly seen a huge bounce.
Nevertheless, it is still going towards the level of 0.0047, so 0.0042 seems not very likely on the daily. ANYHOW, if you take a look at the last time it jumped from the over all trend, it has broken it for a few days, which MIGHT be the case again, if 0.0047 does not hold.
BUT speaking in favour of the 0.0047 RSI is at its lowest recorded stage, yet seems to be breaking the 20 point line. As well as the space between the chart and the middle of the Bollinger Bands is rather big.
Again - Indicating a bounce soon.
Taking a look at the weekly NEOBTC chart, we can clearly see and confirm what we have just said about the previous charts. Here again, it seems to be heading towards the 0.0047 OR 0.0042.
The interesting part about this is actually that it would mean heading down to 0.0042 first, then having a bounce from the 0.0047. Although, I do not believe in that and see it rather bounce from the 0.0047.
RSI is also at a very low point where it has not been before.
So, coming to and end and seeing clearly where we can expect a bounce at, we can see what MIGHT happen after that, if we take a look at the monthly NEOBTC chart.
It has historically the tendency to alternate between two red candles and two green candles. Indicating that we are at the end of the two bearish months and will most likely see two bullish months.
Closing below the last opening, does not mean automatically that we cannot see another low but close next month above this months close.
Simply saying, once again we have room for some down action and will see the bounce after that.
NEVERTHELESS, should that very last support of 0.0040 not hold, then NEOBTC is REKT and will go down DEEP.
I will be entering this one on 0.0047 with 70% and 30% setting on 0.0042.
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$NEO, Patience Is Key
Monthly
Looking at our highest timeframe we see price respecting uptrend behavior with the multiple higher highs and higher lows. Stochastic RSI showing momentum continuing towards the downside with no signs of slowing down. Expecting price to reach our double bottom target within the next 2 months
NEO/BTC Cycle Repeat ?Just touched Falling Wedge Support. IF BITTREX:NEOBTC repeats the Macro-cycle , then will range-bound within the Falling Wedge until Bullish Breakout.
This is still a problem to where within the FW of the last cycle is. Green Dashed Time or Orange Dashed Time ?
My hunch is Orange Dashed Time.
NEOUSD: Not All Treasure’s Silver & Gold, Mate Hello Crypto Friends! Hopefully you're all feeling better than we did a month ago. There's a lot of crypto meetups/conferences going on this month to keep us on our toes. We're particularly going to be watching Coindesk's 4th annual blockchain technology summit, May 14-16 in New York. Now to the charts.
Walking The Purple Line:
Looks like NEOUSD reached our last target on our four hour charts at $93 (exactly where we called it on our last chart) and it's now taking a breather. We can see on the 4hr chart that NEOUSD price is still above the 50 day moving and the 200 day moving average which is great to see. Our purple trendline also seems to be holding up support very nicely at the moment. We can expect a retest of this line in the near future. RSI is once again dead even at 50 at the moment, waiting to see if the bulls take control and continue to push us back to $90-$93 range or if we test out our 50 day moving average along with the purple trend line.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on NEOUSD. More updates to come.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
A new trading opportunity to buy. TP2 hit with 17890 profit...NEO/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.0078), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.007034(day close price) based on reversal candle (Valley) at 04.08.2018.
Total Profit: 17890
Closed trade(s): 4132 Profit
Open trade(s): 13758 Profit
Closed Profit:
TP1 @ 0.008500 touched at 04.13.2018 with 1466 Profit.
TP2 @ 0.009700 touched at 04.29.2018 with 2666 Profit.
1466 + 2666 = 4132
Open Profit:
Profit for one trade is 0.009327(current price) -0.007034(open price) = 2293
6 trade(s) still open, therefore total profit for open trade(s) is 2293 x 6 = 13758
All SLs moved to Break-even point.
Take Profits:
TP3= @ 0.0110
TP4= @ 0.0120
TP5= @ 0.0138
TP6= @ 0.0144
TP7= @ 0.0152
TP8= Free
Technical analysis:
Neo/Bitcoin is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 61.
A new trading opportunity to buy. TP2 hit with 17890 profit...NEO/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.0078), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.007034(day close price) based on reversal candle (Valley) at 04.08.2018.
Total Profit: 17890
Closed trade(s): 4132 Profit
Open trade(s): 13758 Profit
Closed Profit:
TP1 @ 0.008500 touched at 04.13.2018 with 1466 Profit.
TP2 @ 0.009700 touched at 04.29.2018 with 2666 Profit.
1466 + 2666 = 4132
Open Profit:
Profit for one trade is 0.009327(current price) -0.007034(open price) = 2293
6 trade(s) still open, therefore total profit for open trade(s) is 2293 x 6 = 13758
All SLs moved to Break-even point.
Take Profits:
TP3= @ 0.0110
TP4= @ 0.0120
TP5= @ 0.0138
TP6= @ 0.0144
TP7= @ 0.0152
TP8= Free
Technical analysis:
Neo/Bitcoin is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 61.
NEO-BTCHello
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck