NEO
neousdshort time trading:
this is a contracting triangle pattern.
we are now in wave (e). the last wave, appears to be of the running flat type.
in this case, after completing the E wave and breaking the $ 22 resistance, the price will start its main move towards the $ 80_90 target (until January 2021).
SL = 10 $
target = $ 80 - 90
good luck
NEO/USDT: An Overlooked Altcoin with High Upside PotentialIn this analysis, I will be shedding light on Neo, an altcoin that used to be one of the top in terms of market cap during the 2017 bull run.
NEO currently sits at #31 on the market cap list, with $1.18b in market cap.
Analysis
- It's important to note how the volume continues to increase dramatically over time
- Prices have barely moved within the accumulation zone, yet the trading volume has reached an all time high on Binance
- It has a setup very similar to that of other major alts such as Ethereum and Litecoin, which have shown/is showing parabolic moves
- Prices are trading above the 20 Simple Moving Average (SMA) and 60 SMA.
- We are seeing a bullish descending wedge formation on the weekly
- Should we see a breakout leading prices to test previous all time high levels, the upside is an astonishing 900%.
- The fibonacci retracement demonstrates potential resistance zones
Conclusion
I believe that there is high upside potential for NEO. Especially with NEO 3.0 launching this month, we could expect a news driven breakout for this altcoin.
GAS Getting Close To An Upwards Breakout Multibags Soon ?GAS Getting Close To An Upwards Breakout Multibags Soon ?
Gas Looking Ready To Move
EMA Ribbons are tightening
Probable u shaped bottom
Bullish overall
Target 1 0.0002706 sat
Target 2 0.0003466 sat
Target 3 0.0006785 sat
HOLDers Potential for higher targets
NEO - Big Pump is coming!Hi,
We know all that NEO follows Ethereum (obvious as it's the Chinese Ethereum ) and we can notice that there is still a delay between a pump from Ethereum and that of Neo.
My analysis makes it clear that we are done about the second wave (orange color). It means we'll get shortly a strong impulsive wave .
I expect to see again a Neo to 90$.
It's a long for me!
Trade safe and not with your emotions...!
Cheers,
PS: it's not a Financial Advice.