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NEO: Big Bullish Move In Contemplation !Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity. The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC pummelled dragging the rest of the market along with it (refer to this chart) Now, the price seems to get back on track as BTC broke it's consolidation phase and is moving in an uptrend. This analysis is performed on a monthly time-frame and we all know the longer the time-frame, the more reliable the pattern becomes (Although, it may take less than expected time to reach the mentioned levels/targets). If we look at the chart, we can see the CUP AND HANDLE formation has started surging upwards after spending the time in the congestion area (handle of the pattern) while the ASCENDING TRIANGLE pattern still have time to approach the resistance level and breakout from "Resistance Zone" (which is also the "lip" of the CUP and Handle pattern). Both the patterns will be successful if the price manages to break out of the "Resistance Zone" However, the failure from there will definitely push the price back to the lower levels. (DYOR) CryptoCuriousOfficial 📥
BITFINEX:NEOUSDLong
by Wolf_Of_Alt_Street
1
NEO/USDT Could rocket up to 79.755!NEO/USDT is retesting the current resistance... Once NEO retests the current supply ( Orange Line 60.190-61.980 ) and successfully pushes past this level we will know NEO is ready to fly I will be placing my buy entry around 63.131 to avoid any bull traps that may occur If NEO pushes past $63.131 there is little to no resistance stopping a push up to 79.755! This could be a MONSTER move! Stay tuned for more.... Will be updating you throughout the week Let me know what you think in the comments below!
NLong
by USBullsBears
1
NEOUSDT🌟this alt will aim for its ATH soon (by the end of the year this mission should be accomplish) 🌟good to have some of it in your investment basket in its family type, also a reasonable correlation coefficient with BTC 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
Long
by the-crypto-analyzer
NEO (NEO) - August 11Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (NEOUSD 1W Chart) If the price maintains above the 23.66260578-37.84723159 range, we expect the uptrend to continue. (1D chart) If the price holds above the 37.84723159 point, it is expected to turn into an uptrend. If it rises above the 55.62236728-58.5762 section, it is expected that the uptrend will continue. The next resistance interval is 79.70498226-86.223555. ------------------------------------- (NEOBTC 1W chart) We need to see if it can move above the 0.001236 point and turn into an uptrend. If it falls from the 0.000828 point, it is likely that you are entering the medium-equity investment zone, so you need to trade cautiously. If it rises above the 0.001672-0.002743 section, it is expected to create a new wave. (1D chart) If the price is maintained in the range of 0.001010-0.001291, it is expected to turn into an uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
N
by readCrypto
3