NEO
NEO/USDT Update: Retesting previous support. Entry timeThe crypto market experiences a bigger pullback.
This leads to great new entry opportunities for everyone that sold the top or missed the previous entry.
We don't believe that the bullrun is over at all.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
THE most undervalue right now . . cheap cheap...
Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later.
As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain.
Neo uses Delegated Byzantine Fault Tolerance, and it’s estimated that the blockchain is capable of processing thousands of transactions per second.
Rank #21
Coin
On 167,489 watchlists
Neo Price (NEO)
$103.04
4.92%
0.001846 BTC5.97%
0.04237 ETH14.82%
IMPORTANT AREA FOR NEOBTC!Neo does not seem to affected by yesterdays sell off and we are at a important price area between 1600 sat and 1530 sat!
Neo is in overbought area daily and volume is decreasing. But not going down a lot in market sell off is always good sign.
If we can hold couple candle stick in 4h chart between this area and volume start to rise i expect price to go much higher around 2359 sat.
Right now it is difficult to enter a trade because there is a clear indecision in all crpyto market assets.
Regardless im optimistic with neo in the long term. Because down trend ended couple months ago and bulls were nearly in full control for the last 2 weeks.
Be careful and have patience always!
NEOUSDTNow that most alt coins are recovering, we can open long positions on some of them.
NEO right here looks good for opening a long position. just wait for the confirmation, it has to close a 4H candle above the resistance area and then you're good to go. I've shown the TP areas on the chart and you can also see the support areas.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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NEO (NEO) - April 20Good morning?
Dear traders, nice to meet you.
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Have a good day.
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(NEOUSD 1W chart)
(1D chart)
You should watch for any movement that deviates from the 91.56900381-120.28565454 segment.
We have to see if we can get support and climb at 100.25260977.
If you decline at 81.9967828, you need a short stop loss.
However, you can touch the 70.97800755 point and climb, so you need to trade carefully.
If it falls at 50.22168635, a Stop Loss is required to preserve profit and loss.
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(NEOBTC 1W chart)
(1D chart)
It remains to be seen if it can gain support and ascend at the 1963 Satoshi branch.
If it falls, we need to make sure we get support in the 1691 Satoshi-1847 Satoshi section.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
NEO.USDT (Y21.P2.E2).Broadening WedgeHI Traders,
The macro formation looks like a broadening wedge on one hand that has potentially one more impulse cycle (blue)
or the 2nd scenario where its done its high and is looking for the breakdown (red).
The RSI seems to suggest that we have the blue as the possible cycle.
For now, we need to see it break this descending channel to the upside so the breakout line is clear as an entry.
Note, I made an assumption that Neo will hit the bottom of the trendline and hence I measured the fib extension from that point
If it fails to break that channel, then its likely it will then go to the root of that structure.
All the best,
S.SAri
Macro overview
s3.tradingview.com
NEO-USDT PUMP SOON?Greetings
NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
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NEO - $100 THIS YEAR!!Neo one of the best performing coins of 2017, and in fact one of the first coins to explode in 2017 is looking at making a comeback in 2021. Neo has a very similar chart pattern to many other coins including WANCHAIN, that being a golden gross on the weekly as well as an Ichimoku cloud breakout and long term pennant breakout!
Neo could definitely see $100 this year.
As always let me know what you guys expect Neo to reach this year
''Buy Big Sell BIGGER'' - MegaWhale
NEO Did Well In Market Correction 😈Today the market experienced a sudden correction that made most of amateur traders so nervous!!! But do not panic folks I believe this one was made by whales movements and market makers plans. As the result we could see a lot of capitals were liquidated due to this correction!!! This trap is for those kind of traders that gamble on high leverages and this is unfortunately what the got from the market..
But let's take a look at Neo in this red bloody market in short-term:
NEO did react really well.. It's buyers moved really strong that made NEO strongly broke it's flag channel upwards so we can expect higher targets for NEO in short-term.
As you can see on the chart I specified first target around 0.002. This target is the result of 1 Fib extension and flag pole target that have overlap..
Second one is the 0.0022 area that is the result of 1.272 Fib extension and long-term resistance area's overlap..
What is your point of view or analysis on NEO/BTC in short-term, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)