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NEO

Major LONG NEO/USD! Upcoming testnet and mainnet releases!As we can see both during the last uptrend of Neo on the chart, and the most recent downtrend, it seems to respect the Fibonnaci retracement and extension rules. On the down side it has touched and behaved as we would expect it to on the Fibonnaci on a number of occasions, bouncing between each level and trading within the channels each time. These levels are also being respected on this current wave back up. With the upcoming release of Neo 3.0, and the inevitable demand that is seen during the release of mainnets and major events (just look at Neo's run last time they released a major product), along with the rise in the interest of cryptocurrency markets as a whole and the market cap of many coins, should mean Neo will have the opportunity to gain on it's ATH as we are still a long way to go. We can see that it has tested each level and used it as support before breaking through and creating a channel using the next Fib level. We can use these levels for the upside along with support and resistance to determine how the price is going to move. Using the past extension Fibonnaci from last analysis and looking at the current retracement Fib, the next resistance level for Neo is around $25.50. This coincides perfectly with the most recent high of Neo before it's pullback, however with the recent interest in crypto and upcoming projects, it's not hard to imagine this resistance being broken, with the next resistance level around $34-36. If this and the next level of $48 is broken, we could see a major push towards it's ATH. Neo is a sleeping giant. It's one of the only top 30 coins that hasn't had a huge push during this run, and it seems it is raring to get started. TP1: $25 TP2: 33$ TP3: 45 TP4: 70 TP4: 90 TP5: 100+ Always do your due diligence before investing. This is not financial advice.
BITFINEX:NEOUSDLong
by CryptoGenies
7
NEO - The beginning of wave 3 from bullish with the target $100The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85. The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets. First target: $ 42 Second target: $ 47 The third and final target is $ 100
Long
by NirmataFX
1
Buying NEO down here !!!NEO looks like a solid project to me and it is not going away. Actually it has lost about 96 - 97 % against Bitcoin from ATH to its recent low some days ago. NEO has been one of the TOP performing ALT coins during the 2017 - 2018 bull run (going from 8 cents to 160 USD) - that's a 2000x !!! Looking for cheap ALTs for the upcoming Altseason (whenever it will come) NEO looks like a very solid buy at 0.000587 btc ! There are some positive divergences and Neo looks really bombed out agains BTC. I am a buyer at these levels.
Long
by Dangermousebanana
2
NEO 3.0 - The biggest chance of a lifetimeWe believe NEO is one of the better cryptos out there. Marketability as the ETH from China is still existent. So a few reasons why we are super bullish on NEO and believe this is the chance of a lifetime: they are releasing NEO 3.0. It is still the ETH from China and can be easily marketed as such. an RSI Divergence in the bigger timeframe NEOBTC hit the most bottom trendline hit bottom of a possible triangle which in case it resolves bullish, would give incredible returns we had an ichimoku cross on the Monthly chart on which we took support. This should drive us to at least 50$ Total Chart has made a higher high. Other cryptos are looking super bullish such as BCH and IOTA. Not investment advice.
Long
by don_rene
Trading idea: NEO/USDT - an old favourite that may run in 2021Many thanks to Michael Wang for reminding me to take another look at this old favourite altcoin (check out his excellent analysis under 'related ideas'). I have charted this before many times. NEO used to be a hyped project but has somewhat fallen out of favour, however what often gets forgotten is that the team are very active and continue to build and work on the project, while so many other 2017 alts have bitten the dust. NEO 3 is coming in Q1 and I expect this to have a run this month. There was some buzz around Flamingo Finance launching on NEO back in DeFi summer, which shows you that the platform can still achieve relevance even in the current market. I prefer this over other, more 'famous' altcoins that have failed to move forward since 2017/18. The mid 30's is a key psychological level for NEO and I can see it running up to this area, from there we'll have to see. As a rule, I'm not rebuying many of the 2017/18 altcoins as I believe the newer projects (like DOT) to have more potential for price growth in coming years.
Long
by theponzimaster
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.
Long
by Michael_Wang_Official
7