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NEO

NEONEO coin is currently undergoing a correction phase, which typically involves a temporary decline in price within an overall upward trend. During this phase, the price might take corrective liquidity, where sell orders are triggered to allow for more buying opportunities. This action can push the price higher, indicating a potential for good investment opportunities. Corrections are a normal part of market movements and can offer strategic entry points for investors looking to capitalize on future growth.
Long
by Tdawly_Official
Market Analysis and NEO Coin Technical Analysis🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: NEO About the Project NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins. 🧩 Technical Analysis 4-Hour Timeframe This analysis is for trading in futures, examining different scenarios. ♟ Support and Resistance : After a bearish move, the price has found support at 14.39. Since then, the price has been ranging, with three touches at this support level. However, no single high has formed; instead, there are two resistance levels at 15.88 and 16.91. 📉 Bearish Scenario : If a candle closes below 14.39, the next bearish phase might start, with the first support target at 13.31. A break below 35.47 on the RSI could confirm the bearish momentum. 📈 Bullish Scenario : If the price breaks above 15.88, we can look for a target at 16.91. A break above 16.91 would set the next target at 19.17. A break above the 50 level on the RSI could confirm the entry of bullish momentum into the market. Volume Analysis The market volume has been steadily decreasing, and since today is Saturday, the volume is especially low. Lower volume indicates that the next market move could be very sharp. 👨‍💻 Trading Positions Long Position Entry Trigger: Break above 15.88 Strategy: Open a position on the break of 15.88 and wait for confirmation from the price to set the target. Consider closing the position or taking profits based on price action and market conditions. Short Position Entry Trigger: Break below 14.39 Strategy: Open a position on the break of 14.39 as this is a very critical level in the market. After the break, this level could provide a good risk-to-reward ratio. 📝NEO is currently ranging within key support and resistance levels. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be sharp due to the low trading volume, especially on a weekend. Long positions should be considered above 15.88, while short positions should be considered below 14.39. Always keep an eye on the RSI for confirmation of momentum in either direction. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
NEO is a ticking bomb, here is whyNeo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we can see that NEO has completed the WXZXZ corrective pattern in the previous bear market. Also, the main downward-sloping trendline is broken. We have a lot of positive signs for a strong bull market on NEO. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Neo’s platform allows developers to use its software to run smart contracts (known as NeoContracts) and design new programs (dapps) meant to replicate real world products and services. NeoContracts differ from other smart contract-based protocols in that developers can build applications using a variety of popular existing languages (like C# and Java), rather than learning a new language. Thus, NeoContract’s ability to work across various programming languages can be attractive to a larger pool of developers seeking to create dapps, or support existing ones. Delegated Byzantine Fault Tolerant To secure its blockchain and keep its distributed network of computers in sync, Neo employs a consensus mechanism method called delegated byzantine Fault Tolerant (dBFT). dBFT works similarly to the delegated proof of stake (DPoS) and leverages a real-time voting system to determine which computers running the software can create the next block on the Neo blockchain. This means anyone who owns NEO can help operate the network. Each NEO token (sometimes referred to as a Neo coin) can be locked, or “staked,” to represent a vote (the more staked NEO, the more voting power.) All owners who stake NEO then vote for the consensus nodes, who are responsible for creating blocks. For proposing and adding new blocks to the Neo blockchain, consensus nodes receive the network’s transaction fees (paid in GAS cryptocurrency). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
📈🚀 NEO Trade Plan! 🚀📈📊 Analysis: Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level. Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade. Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50. Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels. Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk. 📈 Trading Strategy: Entry: Initiate a long position as NEO finds support within the specified range. Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25. Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses. 🚨 Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis 🌟📊
Long
by Richtv_official
NEOUSD: Breaking Above the 0.886 within a Massive Double BottomNEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it all the way up to as high as $140 a maybe even higher after that, though there may be a bit of resistance up at $56 level first as that aligns with the 0.618 and historical horizontal resistance.
Long
by RizeSenpai
NEOUSD: This rally is targeting 100.00NEOUSD is on very healthy bullish technicals on the 1D timeframe (RSI = 67.236, MACD = 1.232, ADX = 36.412) and just crossed over the 1W MA200 for the first time since April 4th 2022. The blueprint of this Cycle is the same as the previous. The token bottoms on a Triangle shaped double bottom and then starts rising on a Channel Up before it breaks upwards aggressively for the Cycle's final rally. It seems that now we are entering a short term consolidation phase which will give way to the final rally. We are expecting a direct hit on the LH trendline (TP = 100.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:NEOUSDLong
by InvestingScope
NEO Price Rockets Toward $20 Milestone Amid Altcoin SurgeThe cryptocurrency market is witnessing a seismic shift as altcoins surge, with SET:NEO leading the charge with a remarkable 40% overnight surge, propelling its price toward the coveted $20 mark. This surge comes on the heels of a pre-halving rally, igniting speculation of a potential year-long bull run. SET:NEO , currently ranked 77th in the crypto market with a market cap approaching $1.50 billion, has emerged as a top performer amid this altcoin resurgence. The surge in demand has resulted in an impressive bullish engulfing candle on the daily chart, signaling a potential moonshot trajectory. One of the most striking aspects of SET:NEO 's rally is the staggering increase in trading volumes, up by over 4000%, underscoring the growing investor interest and making SET:NEO a trending coin in the crypto sphere. Additionally, the breakout above the overhead resistance trendline has propelled NEO's price beyond the psychological barrier of $20, reaching a peak of $22.45 before undergoing a minor intraday pullback to $20.89. Technical Analysis and Future Projections: The rally is strongly supported by the 50-day Exponential Moving Average (MA), maintaining a bullish alignment with the 200-day MA, indicating a favorable position for a sustained uptrend. Looking ahead, sustaining the price above $20 is crucial for NEO's continued upward trajectory. According to trend-based Fibonacci levels, a breakout above $22 could signal further upside potential, potentially catapulting SET:NEO 's price toward the $30 mark in the near term. However, amidst the euphoria, caution is warranted as NEO approaches overbought territory, as indicated by extreme volatility around the token on the Bollinger Bands. A retracement to around $17.87 cannot be ruled out in a highly bearish scenario. Nonetheless, indications from the Awesome Oscillator suggest increasing upward momentum for SET:NEO , potentially defying bearish bias and aiming for $25 in the short term. As the altcoin market continues to heat up, all eyes are on SET:NEO as it aims to solidify its position and potentially usher in a new era of bullish momentum. Investors eagerly await further developments as SET:NEO navigates the volatile cryptocurrency landscape. Conclusion: With SET:NEO leading the altcoin charge and eyeing the $20 milestone, the cryptocurrency market is witnessing a resurgence fueled by growing investor optimism and bullish momentum. As NEO's journey unfolds, it remains to be seen whether it can sustain its meteoric rise and pave the way for further gains in the days to come.
by DEXWireNews
Neo price recalled that they can not only fall but also grow?)Who knows what happened to the SET:NEO project, that the "Chinese Ethereum killer" woke up from hibernation and made a sharp 30% price increase?) Maybe it will also wake up its "partner in crime" - NYSE:EOS ?) But seriously, if #NEOUSDT buyers have the strength and intention to continue growing, then in the coming days they should defend $19-20 and not allow the price to fall below. In this case, the targets for the #NEOUSD price to rise to $29 or even $36 in the medium term will become more than realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
NEO is still bullishFrom where we entered "start" on the chart, a time-consuming triangle has started, and from where we placed a green arrow on the chart, this triangle has ended and we have entered a bullish wave. This bullish wave is either an ABC or a more complex pattern. We should now be in the middle of wave B. By maintaining the green range, it can move towards TP. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
NEO FOR FUNDING TRADERS For all funding traders who deal with this business, mostly the broker gives you some of the cryptocurrencies to trade. Neo is one of them. I see some liquidity between 14-15 and at the same time a vector candlestick that appears and it fills up until 12.18. Wait for the market makers to do what they have to do and come back at low prices, maybe a little higher, maybe a little lower. Another scenario that can happen is a breakthrough from a double bottom that has been in place for more than a year. Targets can be POC range 08 December 2021 - 01 May 2022, VAH and at the same time the maximum target of pattern 29.37.
Long
by learnfromfailure
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
Long
by KvazarBTC
2
NEO/USDT planning for bullish reversal? 👀🚀NEO analysis💎 Paradisers, the #NEOUSDT is currently displaying notable strength, hinting at a potential bullish reversal from its demand level at $14.79. If the price sustains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply. 💎 Reflecting on historical patterns, #NEO has consistently followed a downward trend, frequently encountering resistance around $17.01. Our analysis suggests that the price may revisit the demand level at $14.79 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past. 💎 In the event that NASDAQ:NEO faces challenges in maintaining its momentum at the $14.79 demand, we anticipate a bullish recovery from the lower demand zone around $13.30. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.
Long
by MyCryptoParadise
1
NEO - Heading straight to next targetBINANCE:NEOUSDT (4H CHART) Technical Analysis Update NEO is currently trading at $11.73 and showing overall positive sentiment Price broke-out from the resistance easily and we are seeing back to back green candles. We are expect this trend to continue and see some pullbacks at the resistance around 13.5 Entry level: $ 11.00 - 11.74 Stop loss level: $0.06 Target 1: $ 12.51 Target 2: $ 13.39 Target 3: $ 14.91 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
3
NEO/USDT A Breakout the resistance, Indicating Bullish momentum.💎 NEO has recently encountered significant market dynamics, currently facing resistance. A breakthrough above this level is crucial for NEO to regain bullish momentum and continue its upward movement towards our target area. 💎 However, if NEO fails to overcome the resistance and experiences rejection, it may retreat to test support levels around $13.5 or even potentially drop further to the demand area around $10 if the support is breached. 💎 When NEO reaches the demand area, a bounce is necessary as this level holds significant importance. Failure to sustain the demand zone would signal a bearish sentiment, potentially leading to further downward movement in NEO's price.
by MyCryptoParadise
NEO/USDT in the Position to Rally?👀🚀 NEO Analysis💎Paradisers, let's shift our focus to #NEOUSDT, where current indicators suggest a potential bullish reversal brewing within its critical support range. 💎Upon examining #Neo's recent market performance, we witness an impressive 100% surge from its recent peak. Yet, the resilience demonstrated at the $12.17 support level hints at a pathway to upward momentum. 💎Despite encountering obstacles in surpassing previous highs, leading to a temporary bearish sentiment, the significance of the $12.17 support level cannot be understated for #NEO. It teeters on the edge of igniting a substantial bullish surge with a fresh outlook. 💎As proactive traders, we always have contingency plans in place. If #NEO experiences further decline from this support, we stand prepared for a bullish resurgence commencing from the secondary support at $10.56. However, it's imperative to recognize that a breach below this level could signify the onset of more profound bearish trends. 💎Remain adaptable in your trading strategies and maintain a vigilant eye on market shifts, Paradisers. Your Paradise Team diligently monitors these evolving market terrains, ready to guide you through any twists and turns.
Long
by MyCryptoParadise_Simon