NEO BNB LONG IDEANeo bouncing nicely from the support. Target 1 is 0.69 BNB. Expect it in comming weeks.
NEO
NEO.USDT (Y20.P4.E1).Reversal areaHi All,
Many of the Alts have created a reversal bottom and NEO seems lagging behind but doing similar formation.
Its pullback is very deep, back were it started from.
Trying to find the reversal structure is obviously a bigger risk but better returns.
I'm also aware of the BTC price action which can drop a little more as per my post, but i don't see that happening quickly.
Also note yesterday was a BTC dominance day where many ALTS dropped price, today they can start reversing as well.
Note: hidden bullish divergence.
My strategy,
Looking at the 4 hrly (2 hrs left to close) and 8 hrly chart for a bullish candle combination\setup;
Check the smaller time period to see an entry level;
Place a small order. If it gets to be correct, follow up with another order which offsets any potential losses by the profit gained by the first order;
Place a stop as per chart;
Lets see how this one goes.
Regards,
S.SAri
POTENTIAL Fractal, LINK
NEO turns around. NEOUSDAnd appears to have reached peak of Wave 3 - now looking for a bit of retrace. Still a wave 5 to go and then a bigger retrace. We are moving up, just lagging a bit fractally from some of the other coins. I am putting entries at the deep retrace levels. For the noobs, a) this is not now b) not financial advice.
Chinese version of Ethereum- Neo is ready to Pump!!!Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network.
Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and Uniswap all rolled into one. If you don’t know what each of those projects do, don’t worry. Just know Flamingo is built as the first full-stack DeFi services protocol.
According to Flaming Finance, the crypto community was so excited about the platform’s launch that $1.6 billion worth of assets flowed into the network by the end of September. And much of this influx was thanks to Neo’s Poly Network alliance.
The Poly Network is a new protocol alliance formed to facilitate cross-chain transactions between blockchains without needing to issue new tokens. Neo, Ethereum, Ontology, and Cosmos are part of this alliance, and there are plans to add bitcoin as well.
Flamingo’s launch is a massive endeavor in the sense that there is currently no one-stop solution built on top of Ethereum. And Flamingo will be a game-changer for NEO token holders as more assets are pulled from Ethereum to its platform.
$NEO - Break of Structure - Pullback to a new highLooks like NEO just barely broke the swing high after hitting resistance and bouncing back. Look for a retracement for a long around 16.85. This is a 4 hour chart so you might be able to pull in some good shorts if you find the right setup on a 15 min time frame. Like if you can keep finding patterns like these on the way down, why not sell too?
NEO to see a 13% leg up.NEO - Short term
We look to Buy a break
Price action has formed a bullish ascending triangle formation.
A break of yesterdays high would confirm bullish momentum.
Levels below 18.00 continue to attract buyers.
A move through bespoke resistance at 18.34 and we look for extended gains.
We look for gains to be extended today.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Our profit targets will be 20.34 and 20.98
Resistance: 18.00 / 18.35 / 19.10
Support: 17.65 / 17.40 / 17.00
Signal Centre
NEOUSD: Possible Long (11.10.2020)On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is visually visible.
We recommend buying NEO to keep the position above 26.
CTSIUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.052) for 1D to buy,
3- You can buy when candles touching the support line (0.027)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.