Is NEO making a bearish megaphone?Looks like NEO ( BINANCE:NEOUSD ) will retest the previous support, between $4.5 and $7.5 (look at Red box), completing the bearish megaphone, and if the bearish megaphone breaks to the lower side, then it will retest the previous support below that, of $1.89.
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NEO
Neo 5th Eliott Wave EntryDMI: Weekly dominance before a 4th wave.
Stochastic: on bottom starting a cross.
If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B.
SL: over 50 EMA ($14.2)
1ST TARGET: 0.618 FIB ($23,7) +46%
Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA .
2ND TARGET: 1 FIB ($30.1) +86.67%
Neo 5th Eliott Wave EntryDMI: Weekly dominance before a 4th wave.
Stochastic: on bottom starting a cross.
If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B.
SL: over 50 EMA ($14.2)
1ST TARGET: 0.618 FIB ($23,7) +46%
Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA.
2ND TARGET: 1 FIB ($30.1) +86.67%
NEO 4h Continuation of the global fall to $10The previous Neo idea worked out completely .
It's time to update our vision of the NeoUSDT possible future price movement within the frame of the global short idea , which is almost 2 months old.
Neo reacted relatively weakly to the BTC growth compared to other altcoins.
It looks like the big money isn't interested in a coin at its current price yet.
The first zone, from where the next NeoUSDT fall can start is $15.60-16.20.
If, by some miracle, the price is able to fix above this zone, then there will be a chance to move higher into the zone $17.30-17.80.
But, in our opinion, the fall is inevitable:
Intermediate target of the fall - $12.60-12.70.
Global target of the fall $10.50-10.60.
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Neo/usdt falling wedgeNeo /usdt
Forming falling wedge and in downtrend since last 19 September
It can drop and retest horizontal support area below or trendline support and then rebounce
But best buy area is after break trendline resistance
Wait patiently and you can buy after break or retest of trendline resistance
Good luck and happy trading
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NEO might be ready to go up, NEO yukarı gitmeye hazır olabilir!It seems like NEO has completed its ABC correction; If it does not make a complex structure near the green ((1)) wave and passes it is time to go for new highs.
NEO ABC duzeltmesini tamamlamis gorunmekte; Eger ki yesil ((1)) dalgasi yakinlarinda kompleks bir yapiya girip asagi donmezse, 3. dalgaya gidisi ile yeni zirveler getirecektir.
Neo formed ABCD bullish pattern!!!So, in H1 timeframe. NEO forme a bullish pattern, but we can see continue drop in the price!!!
But, we will need to take a perspective that in the purple quarer that I mark, NEO touch the EMA 200 and in any moment NEO could to change the trend and we can to be cautelous when the price touch the EMA 200 and we can see a possible change o momentum of the trend.
It's so interesting.
But right now, we nee to confirm the 0.618% as posible continuation o the bearish trend but limited!!! So, my target proti will be $13,67 USD and my price entry it's around of $14.79 USD with a SL at $!5.28 USD. So, we would need to take this perspective.
So, I do not entry in H1 timeframe until we see any bearish pattern in 30 minutes. That it's my key to trade this par!!!
So, the trade it's very good, but we will need to be cautelous and it's very possible that NEO make a little correction and I hope any change o trend!!!
So, the most is to hope that NEO make a coirmation on this green zone to entry in the little short position of just exactly $1 dollar drop in NEO.
NOEUSDT: Possible Long (05.11.2020)A strong divergence has formed on H4 between the price and the RSI. In addition, the RSI is still close to the oversold level, which signals the possible completion of the downward movement.
On H1, the price has broken through the downtrend line, and now a correction is being formed.
We recommend buying NEOUSDT with a local correction on H1 with a stop loss at $ 13.7
4.11.2020 - Neo (NEO / USD)Hi Traders!
After a long time, we will look again at the NEO / USD analysis. On the chart, we basically summarize also other altcoins, which look very similar.
On Neo, we can see a huge difference between Bitcoin and altcoins. Bitcoin is holding its maximum in this trend, trying to beat the USD 14.000 level. Altcoins are mostly in a deep correction. Specifically, Neo dropped by up to 50% from its maximum.
This is due to the dominance of BTC, which we talked about 2 weeks ago. But let's go specifically to the NEO / USD trading pair. We perceive it as extremely negative that Neo failed to hold the trendline, which has not been significantly violated since the beginning of March. The problem is not only that it has not been able to sustain it, but also how the decline is taking place. If we look at the dynamics of growth and decline, we see that the dynamics of decline is slightly more pronounced. Another negative news is that this decline does not slow down at all.
It would be best for Neo to be able to return to the trendline as soon as possible. It is currently on the MA21 support, which could slow down the whole fall. We see the values of USD 11.37 - 12.45 as the strongest support. RSI is also below the trendline, which is also not positive news. Again, it should be borne in mind that the cycle always consists of growth, decline, and consolidation. Consolidation is what this chart currently lacks, so we do not expect the Neo to start growing in the foreseeable future.
May the crypto be with you!
NEO in HS pattern around neckline.This crypto currency is reaching point of control for bottom in March at 1D chart.
I personally not buying. But it will be interresting to wach, how this pattern figure out.
Beam indicator is green and volume tightening so breakout is near.
However, if NEO fall below lower blue rising line, I expect this asset below 10usd ( HS target ).
This HS is officialy broken. Conclusion probably come next week with Bitcoin direction.
Let's see what happen.
*This is not a financial advice.
Neo show another good opportunity in medium to long-termWe see that NEO is into this accumulation zone yet, and we could to prove to buy more NEO when the price reach the 0.618% of Fibonaci, in the price of $!2.32 USD. Also, as I see, we see that NEO showing us a good opportunity to shorting this cryptocurrency!!!
It's a good opporutity
Did you know, NEO is my top #5 crypto and it's one of my favorite crytpo to find out cryptocurrency signal. Also guy, I use the Phemex crypto-broker to trade and accumulate altcoins for the next bull run. I like to trade cryptocurrency and find out goods opportunity making trading as investments!!!
Could Neo be ready for a bounce?This pattern is almost perfectly symmetrical - it took 40 days to reach the top (140% rise) and now we are on day 79 for almost an 100% retracement (30% away from start of run).
There are a mix of signals here:
On the positive side we have
A bullish divergence with RSI into an oversold position.
Stoch & MACD looking ready to reverse
A Support (dotted purple line) in perfect inlinement with a FIB level.
Lowering volume on a decending trend shows less people selling.
On the negative side we have
Under all Exponential Moving Averages
Been weak the last 39 days
I would like to see a reversal price action signal.
If it is to bounce here - a target of 0.382 on a reverse Fibs where it is located now would be 30% (0.001715btc)