NEO
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.
NEO/USDT Long term Support Held: Bullish OutlookNEO/USDT bounced off the support again a few days ago. This strong upside sloping support has formed since the corona crash in May. Since then, returns have been substantial for NEO.
I'm marking previous highs at $21 and $25 as potential targets, feel free to do your own DD. With recent bullish influx into crypto, I think we will see a lot of fireworks with the NEO pairs.
✳️NEO/USDT Analysis (26/11) View + Trading Plan #NEO $NEONEO has been turned down in the 21-22$ zone and NEO is heading to the 15-16$ zone. This is a good place to buy for a strong bull run later this year.
The 21-22$ zone is currently the most important resistance NEO needs to cross in order to continue its uptrend
📈BUY- LONG
-Buy: 15-16$, SL if B
-Buy more: 21-22$ if A, SL if B
📉SELL-SHORT
-Sell: 33-34$, SL if A
♻️BACK-UP
-Sell: 15-16$ if B, SL if A
-Buy: 10-10.5$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
NEOUSD | This bullish reversal move can trigger a bigger rallyHey friend, hope you are well and welcome to new update on NEW coin.
Lauch of NEO 3.0 Mainnet:
This is the month when the NEO 3.0 Mainnet launch is expected it can be on 31th Dec or earlier.
The market cap is increased significantly, and if we take a look at the priceline then it is already up by more than 500% from the month of March.
Previous Shark move:
In the month of April I shared an idea that produced more than 500% rally.
Previous BAT move:
After that the price action formed another BAT pattern, that I shared with you in Jun 2020, and this idea produced more than 171% rally.
Current bullish reversal move:
Now again the priceline ha formed another bullish reversal move. This time we also have a mainnet launch news at the support of this bullish reversal pattern, therefore, it may trigger a bigger rally.
Strong supports of moving averages:
On the long term weekly chart the price action is having good supports of exponential moving averages 10 and 21 and simple moving average 25 as well.
Conclusion:
Even though the charts and the overall situation is very positive in favor of bullish move, but we should use 25 SMA on weekly chart as stop loss because, if it will be broken down then price line may turn more bearish to complete harmonic move on long term.
What is your Watch List for Crypto? Here is Mine 20201212What is your Watch List for Crypto? Here is my 2nd List, for the first list please check the following Link.
List: UNFI, ETC, CELR, COTI, CTSI, AION,ETH,NEO
Welcome to share your Watch List in the comments.
I will share more coins by Updating this idea, welcome to follow.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally.
Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42
Stop Loss:
The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NEO entry point
NEO has spent Q3 consolidating around $17 while creating a potential bullish December setup.
The price is currently consolidating above a key monthly level and under the December open - a scenario that can often precede a bullish month. Multiple EMAs have also created a bullish crossover during the last two weeks, possibly setting the stage for a new trend.
Relatively equal highs near $19.32 provide a first target for any intra-week pumps. The second series of relatively equal highs near $21.829, along with a third target at the $25.859 swing high, provide reasonable targets if a bullish trend kicks off.