There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. Neo/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.50000000)
Ending of entry zone (6.50000000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
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TP2= @ 14.27000000
TP3= @ 17.65000000
TP4= @ 20.75000000
TP5= @ 24.99500000
TP6= @ 31.86500000
TP7= @ 43.90000000
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Neoanalysis
NEOBTC: 1 Hour Time frame Chart PatternsConclusion for today's NEOBTC analysis: Price closing above ~0.001665 implies more bullish upside in NEOBTC
Intraday timeframe analysis of NEOBTC is presented using a candlestick chart. April 05, 2019 to May 14, 2019 saw NEOBTC remain inside of a bearish channel that is shown on the chart with a breakout following a day after.
The bullish implication of the breakout is currently still active even though a sideways movement has resulted. The upper and lower boundary of the ranging environment for price that has lasted over 3 weeks is also drawn with NEOBTC currently trading in the middle of the range.
The best course of action is therefore to wait for further price development to ensure the continuation of the May 15, 2019 bullish breakout.
Buying above the upper boundary of the range i.e. 0.001665 can be considered as part of a conservative strategy or even buying above the May 30, 2019 price high of 0.001713.
Initiation of long (buy) orders prior to breakout is hence considered less conservative. This is due to the fact that it is not yet certain that the ranging movement is complete and prices having a chance to even head lower to test support between 0.001412 and 0.001356.
Talking about NEOThe Foundation of NEO altcoin was trying really hard on creating the most secure network, which supposed to be fully decentralized as well. has for the longest time been working on ensuring that the network is fully decentralized. The latest from the organization is that is ready y decentralized at least four of its seven nodes. NEO has seven nodes in total, five of which are controlled by the NEO Foundation. One of the node is currently open for application.
In a press release on December 5, the network said that the decentralization will take place using a “selection process.”
How such news reflect the NEO value at this hard moment in the crypto market?
Well, as others it is not experiencing good times in general, following the downward trend. At the time of writing NEO is trading at $5,70 following a 7.64% drop on the day. The $409 million cryptocurrency has a 24-hour trading volume of $131 million, a circulating supply of 65 million NEO coins and a total supply of 100 million NEO coins.
The news of course, suppose to have a good impact on the overall image and of course value of NEO, hoping that in the coming 24 hours we will see an upward trend to be traded in the range from $5,7 to $6.
NEO/USD Golden chanceNEO is down to around $26 and it is now on a new all time low from November 2017.
4 hour RSI is showing a bullish divergence which is a strong reversal sign.
It has a huge potential to shoot right back up to $90 range which is aroun 250% profit.
My play would be to start laddering my positions (Buying in small chunks).
If you want more conformation you can wait for it to break out of the resistance line around $30 and then enter.
Stop loss would be when 4 hour RSI break down it's bullish divergence.
Happy Hunting
If you have any questions feel free to ask them in comments.
Note:- This is not a financial advise.
NEO (NEO/USD) Latest Forecast - Bullish ContinuationWe nailed it, guys! Our patience in NEO paid off. We bought the dip and took some profit ($36 - $38). So what now?
Given RSI and Stochastic are quite maxed out in the 4 hour chart, I believe we may see some sideways consolidation from here which would bring price down to somewhere around $35 (maybe even $33) before any sustainable upside movement can be expected.
What we want to see is a close above recent high of $38 that will open doors to an upside target of $41 to $44.
On the downside, a break below $33 will bring us down to $31.50 and if that does not hold, quite possibly a retest of former low around $30.31.
Below is a recap of our previous trade.
Forecast:
Actual (a week later):
NEO (NEO/USD) Latest Forecast - Buy OpportunityNEO appears to be completing its correction waves soon with a Falling Wedge pattern that promises upside potential. We will buy the dip when price falls into our trade entry level between $29.50 to $31.80.
Give this chart a LIKE if you want more updates for NEO. Good luck!
Huge Upside for NEO - Buy OpportunityFriends who follow me requested that I do a proper analysis on NEO against USD so here we are. A buy opportunity has presented itself at the level as indicated on the chart. This would be a good level to open a NEO trade for the long term. The tendency for price to retrace upward from here is very high. This pro trade is aimed at maximizing profit over a short term basis and does not represent the full upside potential of NEO.
Trade Entry: $35 +/- $0.5
ST Trade Exit: $52 +/- $0.5
Stop Loss: $34
Good luck, my friends! Happy Trading!
NEO vs USDollar - Prepare your launchers!Since the big drop down to $70 Neo recovered nicely and we have been trading in a tight range between $100 to $120.
The market is getting ready to show us which direction it wants to go with the prices coiling ever tighter.
Seeing that Bitcoin pushed to higher levels yesterday I would expect NEO that is actively traded to play catch-up vs the US Dollar soon.
This is a good place to speculate or add to your NEO positions for the longer term.
Some traders are placing orders down into the $100 zone and a bit below, in case we experience an unlikely dip.
Come hang out with crypto traders on Discord.
NEO vs BTC forecast - Is NEO the ONE?Neo has performed very well against Bitcoin during the recent “crash” and as a long term Neo holder I couldn’t be more happy.
Looking at the chart we can see that some sellers are taking profits in the higher zones and we are experiencing a nice sideways movement.
This is typically what we see when markets correct before they move higher or lower.
Neo is moving in a nice channel at the moment and I would expect strong support for the near term at around 0.011 btc.
Resistance is currently between 0.013 btc and 0.015 btc.
Expect new highs should the bulls decide to buy up the resistance. Safe trades.
Feel free to discuss this trade with us on Discord .
