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...
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
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.
NEO has confirmed a downtrend after breaking through the 200 EMA support. It is still channeling in a descending wedge and will likely trail BTC. NEO is looking for support between $50 - $53 RSI is almost bottomed but will likely stay below 50.
A BO above 0.62 is needed for the next move to 0.7 level. Stay tuned!
NEO at this time these repeated patterns bullish divergence area supports drawing butterfly pattern wait for the break of the bearish resistance up to 6960sat ..
Looking at previous data and current it looks like we are seeing movement on NEO.
Finally some correction after this huge move! Nice chance to buy again.
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...
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...
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...
Hello 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...
Just like many other alts, NEO formed an Adam & Eve as well. Seeing this reversal formation in almost all the alts means that Bull Season is on. NEO Target: 0.0111 BTC. Not an investment advice. Please DYOR.