NEO DAILY TIME FRAMEIn major time frames we saw how the price is starting to form an uptrend.
In this chart we see how the price has broken an accumulation area and is forming a continuation pattern, the price breaks the resistance with fractality and returns to the now support. If the price leaves us with a decisive candle in this area, we can go long to look for a long run up to $40.
NEOBTC
NEOBTC an expected breakout of cloudBig bullish Shark:
Previously we have seen that the NEO coin formed a big bullish Shark and produced more than 300% rally.
SMAs on the weekly chart.
Now on long-term weekly chart, the priceline of NEO coin with US Dollar pair has crossed up the all simple moving averages with the time period of 25, 50, 100 and, 200.
Up-channel:
On the weekly chart, with US Dollar pair the NEO coin is also moving in an up channel.
New Up-channel:
While moving in an up-channel on weekly chart, the priceline has also started more bullish up-channel within the previous channel.
Ichimoku cloud turned weak:
On the weekly chart, In the Bitcoin market the NEO coin is moving under the Ichimoku bearish cloud for a long time period. Now the bearish cloud has changed from strong to weak and it is possible that the price action of NEO will breakout this Ichimoku cloud resistance soon and start a powerful bull run.
Conclusion:
Even though the NEO coin is much bullish in the US dollar market. But after breaking out the Ichimoku cloud resistance it can turn very strong bullish in the Bitcoin market as well.
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NEO Breaks EMA50, Prepare For a Strong Move Soon!NEOBTC is preparing to print a very strong move now that its price is trading above EMA50 for the first time in months.
We have the same view as before... Previous chart (10-Jan.)
We are seeing slow and steady growth...
Bullish consolidation before the next jump.
Namaste.
NEOUSDT - Potential breakout 🔼Analysis 🔎: NEOUSDT has been consolidating in a symmetrical triangle pattern.
Price action is printing an ascending triangle pattern at the symmetrical triangle's inclined resistance.
Possible breakout.
Buy entry ⬆️: breakout above the ascending triangle's horizontal resistance.
Targets 🎯: horizontal resistance levels.
Setup invalidation ❌: breakdown below the ascending triangle's inclined support.
NEO Targets $38! Double Bottomed - Pump itThe coin:
NEO founded in 2014, has been to an ATH of $200, surpisingly high but it is quite strong fundamentally:
The project's vision is to realise a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets.
The setup:
We find here a double bottom formation on multiple charts, especially the 3D and the weekly time frames
Using the measurement tool for targets, we get a target of just under $38, what would be a gain of 52% from the $25 level
NEO has already successfully claimed the kneckline as support; however, the $25 level is proving tough
Enter above successful claims of this level to mitigate some risk - if BTC takes a dump and brings it down with it
Hopefully we can enjoy some NEO gains in the coming days to weeks...
NEO potenial move short termNEO / USDT
Price Breaking out from descending channel
Now looks like its heading for local high retest around 26$ and If break this resistance zone
It will fly
🚨=> Price shouldn't return to channel or it can loss bullish momentum
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Buying NEO down here !!!NEO looks like a solid project to me and it is not going away.
Actually it has lost about 96 - 97 % against Bitcoin from ATH to its recent low some days ago.
NEO has been one of the TOP performing ALT coins during the 2017 - 2018 bull run (going from 8 cents to 160 USD) - that's a 2000x !!!
Looking for cheap ALTs for the upcoming Altseason (whenever it will come) NEO looks like a very solid buy at 0.000587 btc !
There are some positive divergences and Neo looks really bombed out agains BTC.
I am a buyer at these levels.
NEO 3.0 - The biggest chance of a lifetimeWe believe NEO is one of the better cryptos out there. Marketability as the ETH from China is still existent.
So a few reasons why we are super bullish on NEO and believe this is the chance of a lifetime:
they are releasing NEO 3.0.
It is still the ETH from China and can be easily marketed as such.
an RSI Divergence in the bigger timeframe
NEOBTC hit the most bottom trendline
hit bottom of a possible triangle which in case it resolves bullish, would give incredible returns
we had an ichimoku cross on the Monthly chart on which we took support. This should drive us to at least 50$
Total Chart has made a higher high. Other cryptos are looking super bullish such as BCH and IOTA.
Not investment advice.