NEO has taken taken the red pill - Ready to awakeNEOUSDT:
66% probability of going up for the short term.
Short-term dynamic downtrend breakout and an inverse head and shoulder pattern formation.
even now it's good for entry... but I am looking for a deep entry to reduce the risk Thus my strategy is to wait for the touchdown to 12 - 11.8 and then long for the target of 13.0 - 13.5 $$
See you on the other side of the trade. #Matrix
NEO
NEOUSDTLet's analyze NEOUSDT over an 8 hour period. As you can see, the price is moving in an upward channel and is currently at the lower edge of the channel.
Let's start with the support line and as you can see the first support is 12.02, if the support is broken the next support is 11.60
Now let's move to the resistance line, as you can see first we have a resistance zone of 13.06, if we manage to break it the next resistance will be 13.87
the MACD indicates neutrality, while the RSI is indicating exhaustion of buying forces, indicating that sellers must return.
Neo is the first cryptocurrency based on blockchain technology to come from China. It has a Proof Of Stake (POS) system that rewards users of the system for having NEO coins saved in their wallet.
Neo does not reward with the same currency, but with a secondary cryptocurrency, Gas.
Neo's programming is very similar to that of Ethereum, which is why many know this cryptocurrency as the Chinese Ethereum. Neo allows smart contracts but improving the Ethereum system.
It aims to be an alternative to Ethereum and aims to convert traditional assets into digital assets through smart contracts. Digital assets will be decentralized and secured using blockchain digital certificates.
NEO coin formed bullish Cypher for upto 23% pumpHi dear friends , hope you are well and welcome to the new trade setup of NEO coin.
Previously we caught almost 90% pump of NEO as below:
Now on a daily time frame, NEO is about to complete a bullish BAT move for another price reversal.
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
To continue the short-term uptrend, needs to rise above 12.72...Hello?
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(NEOUSDT 1W Chart)
In order to continue the mid- to long-term upward trend, the price must be maintained by rising above the HA-High indicator.
So, I think it's time for an up and down wiggle for the HA-high indicator to fall.
(1D chart)
Rising above 11.66, I think it is coming out of the bottom.
The question is whether you can make the handle of the cup pattern in the current section and start climbing.
To continue the short-term uptrend, the price needs to rise above 12.72 to hold the price.
Therefore, it is important whether there is a move out of the 10.47-14.18 (up to 15.28) interval.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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THE START OF NEOSince the AI hype, there seems to be a trend to start, the Chinese altcoins seem to increase since the last trends in Hongkong where companies are able to order crypto.
NEO is one of the coins that are increasing, and we're expecting that the trend can keep going coming time.
WE will follow this coin to see if it can confirm the coming time in the 22-29 USD zone.
ALGORITHMIC MODEL NEO 2023 $120ALGORITHMIC MODEL FOR NEO 2023 with price action prediction.
NEO seems to get into a new green view since days ago on the algorithmic trading side.
There is a high chance NEO will keep the volume with the days up to break out to the important level of $20, further to the R line of $29.
For the year 2023, we expect that NEO can target the $120 USD on more reasons behind the algorithmic trading.
Based on further analysis using algorithmic trading, we predict that NEO could reach a value of $120 USD in 2023.
This is not a day trading view and not based on the current price, but a target prediction for 2023
know that there is no guarantee at trading, manage always your risk.
The info shows a basic chart view where the algorithmic already added before on the chart with more factors and study views.
So let's see if this year can bring NEO to a $120 USD price action, and to be exactly depending on algorithm trading it shows a price action of $123
NEOUSD Next target $20.00. Golden Cross completed.NEOUSD is above the MA50 1W, having entered undoubtedly the new Bull Cycle. The completion of the Golden Cross 1D draws comparisons with the first Golden Cross pattern of the 2019 Bull Cycle.
The price breached Fibonacci 0.236, formed the Golden Cross, pulled back and then made the Cycle's first High on Fibonacci 0.382. This is our medium term Target (20.00).
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CAN CHINA BRING NEO TO 100 USD = YESNEO used to be a stable coin for a while, but recent trends in China suggest that it is gradually making a comeback. We will have to wait and see if NEO starts showing similar trends as Aptos did in the past, as the data seems to suggest.
It's difficult to predict the future price of NEO, but based on technical analysis of its volume and trend, there is a chance that China could give NEO a boost, potentially resulting in a price above $100 USD. However, for this to happen, NEO needs to break through the important $29 USD price point in the coming time.
Currently, data indicates that NEO is an interesting coin, with high volume. Given that NEO has always been an important coin in China, we can expect that China may be able to break out in the short term.
Most users that did buy NEO historically are from china.
There is a structure by HK that allow china companies to buy crypto
NEO price started to rise late, do you believe it will continue?At the end of the current growth wave, wake up another "ether killer" from China, NEO
But something went wrong. After setting a high near $198 in 2018 based on "loud statements and promises," NEOUSDT price has not been able to update it for 5 years.
Now, the NEOUSD price has hit the bottom of the strong liquidity zone of $15-20 , which, in our opinion, will be very difficult to pass the first time up.
A correction to the $9-10 range looks more likely in order to gain more strength there for a break-up $20 and continue to move up, at least to $37
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NEOUSD Buy every MA50 1D contact.NEOUSD crossed above Fibonacci 0.236 of the former Bear Cycle with ease today.
Tomorrow it will form a Golden Cross 1D, the first since June 6th 2020.
Until April every contact with the MA50 1D is a buy. Then every contact with the MA200 1D will be a buy.
Trading Plan:
1. Buy the rally on the spot.
2. Buy the next MA50 1D pullback.
Targets:
1. 19.5000 (under Fibonacci 0.382).
2. 28.0000 (under Fibonacci 0.5).
Tips:
1. Every Fibonacci level is a potential Target as they formed Resistance and Support levels during the Bear Cycle.
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Neo Looks Promising Here Formed Falling Wedge In Daily Timeframe ( Bulish Pattern )
printed Massive Bulish Divergence as well (Indicating Reversal)
Incase Of breakout Expecting Massive Bounce
(Note) Always Wait For Breakout To Be Confirmed Neo Will Remain Bearish Till Upside Brreakout
Entry Will Be Invaliodated If Wedge Brokes To The Downside
$NEO/#BTC [#Neo]: Resistance_Breakout◳◱ Hey traders, we've identified a Resistance Breakout on the $NEO / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.000453 | 0.000512 | 0.000608 and the major support zones are respectively at 0.000357 | 0.00032 | 0.000224. It is a bullish indication and we may consider entering at the current price zone at 0.000401 and targetting higher levels.
◰◲ Technical Metrics :
▣ Current price: 0.000401 ₿
▣ 24H Volume: 40.096 ₿
▣ 24H Price change: 5.249%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.000453 | 0.000512 | 0.000608
◢ Support: 0.000357 | 0.00032 | 0.000224
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.60 - Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth NEOBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
▣ Welcome to the home of charting big: TradingView
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NEO coin formed bullish Cypher for upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of NEO coin with US Dollar pair.
Previously we caught a very PUMP of NEO as below:
Now on a daily time frame, NEO has formed a bullish Cypher move for another price reversal.
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
LONG SETUP FOR NEOHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the NEO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NEO Buy TradeHello Traders!
Welcome back to another trade with Analyst Aadil1000x.
Today we are looking for a buy after a breakout of this triangle pattern. Buy limit is at the key reversal area.
NEO Buy Limit @ 8.206
Neo Stoploss 8.048(-1.87%)
Target 1,8.416(+2.63%)
Final Target 8.672(+5.75%)
Don't forget to hit the like button and follow to stay connected
NEOUSDT still bearishNEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this.
As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline.
We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020.
It also likely that we will see price lower than this if the bear market continues.
Any bounce probably will be a short lifted and the price eventually will go down.
On the chart you can see 2 possible scenarios how the price would drop towards $4.
Good luck