NEO BTC UPDATEPrice might be forming a double top pattern. If the pattern is consolidated (lower red line) this could be the start of a downtrend. Although, a small support was found amid the formation of the final leg of the pattern, so if that support can hold, the pattern might not be formed and the downtrend situation wouldn't be valid. Just reminding you that a double top pattern has to be completed for the downtrend theory to be valid. watch this closely if youre trying to trade with this pair. NEO is still one of my choices for long term hold anyway.
Share your thoughts,
Daniel
NEO-BTC
NEO 31 December 2017$NEO As we've charted this one before, I'll update it now. First target was around 550K sats, which we reached pretty soon. Second target was 600K and we've touched that one already once.
Bollinger bands are squeezing and $NEO wants to keep the green box as support right now. In that case we'll be testing the 600K resistance pretty soon, expecting not to break it instantly. A little drop back is possible.
If we can break the 600K, then the next targets are:
1: 630k
2: 645k
3: 670k
NEO ShortNEO has had its run again and is a perfect time to get out once again.
If you are trading to gain bitcoin value then this trade is for you. short your NEO holdings now and re-enter again at structure.
Even though NEO Dollar will make you profits in the long run, it will kill your initial bitcoin holdings, thus using NEO as a bitcoin multiplier works great.
Stochastics and MFI are oversold and we have hit structure.
Donations Welcome :) even just 10cents worth
like my opinion.
BTC:1Erm4VB2v3JRDjnstaL7xnauSvomMDkvQu
LTC:LhkMKHtEQ7SJnEFntoUBhG17oXdwmdHysV
ETH: 0x8026962e8CC6B4A6b32E481A02B04C139D5c81Bb
NEO: AMXPkqwDYHnp5GCu8f89idwueBEGcoCLRG
NEO: long and short term analysisNEO has seen a major move upwards the last few days. As a longterm holder since antshares, I'm very happy to see NEO finally waking up again. But I'm not yet 100% positive about NEO when looking at the charts. It is still trading within the channel and should break through the upper yellow trendline for a real continuation of the upwards move. I think on the longer timeframe there is plenty of room for that; the MACD crossed and is rising and the RSI still has enough room. But because of the long retracement, there is also a very major cloud resistance that NEO has to get through, which starts around 0.0050 btc and the stoch RSI is overbought.
On the lower timeframe, we can see that NEO broke out two bullish pennants during its move up. But at this point the pattern seems to be forming a double top, which indicates a reversal. This is also indicated by the slight bearish divergence between the two tops on both the RSI and the MACD.
With that in mind and with the stoch RSI being overbought on the daily, I think we might see some correction first, before NEO really breaks through the upper trendline.
NEO remains a longterm hold for me, the fundamentals are getting better each time and I think we only know half of what NEO really is about.
TLDR; NEO is going to moon, but not in a straight line and not before a short correction.
NEOUSD : NEO To Hit 3-Digit PriceNEO has always been known to be an undervalued Coin in the Cryptocurrency Community. When the recent pullback from the Bullish Uptrend retraces from applied Fib Level 50 or 61.8, price of NEO will indeed reach $100 USD before 2017 ends emerging from the undervalued atmosphere to a more focused Crypto buyers' sight.
Bitcoin Maintains Lead Over AltcoinsBitcoin solidly maintains its lead this morning over Altcoins, pulling back slightly from all time highs. The altcoin index has pulled back a bit further, respectively. This is confirmed by the Crypto Spread Index, which is still in BTC's favor, but wavering. Consider diverting some profits from Bitcoin to Altcoins, or 'HODLing'.
Check out the Crypto Spread Indicator, Altcoin Index and more at quantguy.net
NEO / BTC - MON 11/20/17 REVIEW - READY TO RALLY, ALL ABOARD!In the previous chart I was discussing the need for the market to return to retest this key support line.
Now that it has occurred.... only two options remain.
1) rally to the target zone .078
2) a break down and stop out. .037
Well hope its the 1st option.
Good luck.
PM, with any questions
ETH/USDlooking for a bounce to 365 in the next few hours to possibly sell position for better bottom fishing options. will hold ethereum in account but the portion for sale is the position built from turning .1 BTC into 2.5 BCH at 450 into 8 DASH at 250 then keeping 2 DASH and going all in ethereum at 310. Missed NEO already and looking for right timing to move large portion of ethereum into one or two trades with higher percentage move potential. liking ETC but not going to force it. need technicals to align. BTC breakout or rejection at 8000 area could come into play. BCH holding up nicely. Building a crypto portfolio while continuously trading one position. used part of ETH to get into mercury coin and power ledger at .18 and .21 respectively. all portfolio positions are out performing the market. BitBay looks strong for a half size position as well. missed NEO breakout which was the play I was monitoring along with ETC. missed NEO for now but ETC could get interesting here if ETH were to crap back towards 300 again. Looks like an overall push into the market from big money. Luckily they like my positions:) BTC, ETH, NEO, DASH, MONERO, RIPPLE, VERT, LTC, POWR, TENX, OMG, Kumodo, Bitquence, Cardano, Basic Attention, OX protocol, WAVES, NEM, EOS, ZEC, MERCURY, and a basket of ICO's including GRX at .66 which is on ETHDelta and will be a 10 bagger plus hopefully more when it hits exchanges. Tether scandal worries me that it is a setup for regulation. classic problem, reaction, solution type of scenario brewing.