Neo-usdt
NEO/USDT Long term Support Held: Bullish OutlookNEO/USDT bounced off the support again a few days ago. This strong upside sloping support has formed since the corona crash in May. Since then, returns have been substantial for NEO.
I'm marking previous highs at $21 and $25 as potential targets, feel free to do your own DD. With recent bullish influx into crypto, I think we will see a lot of fireworks with the NEO pairs.
NEO USDT Breakout Test!We saw a good weekend movement and we finally broke the 100 EMA on the daily chart but will start to face some local resistance with the ichimoku cloud and the 200 EMA average. We will surely need more volume to satisfy these moves but overall the market has looked very healthy today!
TP Targets
TP 1 - $10.12
TP 2 - $10.62
TP 3 - $11.30
Selling Targets
1 - $9.70
2 - $9.25 - 9.37
3 - $9.00
NEOUSDT: BINANCE Head and Shoulder pattern & a divergence I think we already completed the ABC downtrend and is now entering anew uptrend. holding above the support from wave 4 of previous trend. we can also see a hidden bullish divergence as well as a head and shoulder pattern from the start of the wave 1.
put a stoploss at 8.30 below the red line.
NEO/USDT Possible breakout soonWhat's up traders, straight into the analysis!
Here we are analyzing NEO/USDT on the 1D chart.
We can see a classical signal for a breakout, candle with short body and long tail.
For entry, you can wait than candles to break out the black tunnel.
First Target Fob 0.5 --> 104.99 to 110 $ Short position
Second Target Fib 0.236--> 128 to 135 $ Long position
Stop Loss at 75 to 70 $
Disclaimer:
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=This is my first Public Published Idea=
NEO-USD CorrectionFirst of all this is my post on here so for mistakes & misunderstandings.
I know Elliot is not clear enough so I wanted to support it with parabola.
And I also know the correction of Elliot should be more dip but 100 USD is the psyhcological border in my opinion.
MACD is a bit freak as you see.
Volume osc looks like it want to make a new rebuy zone
RSI is generally bullish but nowadays a bit bearish and aiming to touch the support line again.
Independently from this guess, I believe 2018 will be the year of Neo (expecting over 1000 Usd). So this correction seems a good re/buy opportunity to me.
Thanks everybody :)