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NEOBTC

NEO/USD Strong potential for bullish movement - LONG!!NEO/USD has developed a strong ascending support on the 2H (dark blue line). Facing some resistance on the 1H (light blue line), however this is expected as it was previously a support when it crashed from $16 to $3. It is also breaking out of a larger triangle on the weekly. The fibonnaci retracement and expansion levels match perfectly, and are useful when helping us decide our take profits. TP1 = 11.91 (always take profit before strong psychological numbers, or even numbers, as this is when other holders are likely to cashout, and your take profits will not be met). TP2 = 14.20 TP3 = 16.82 (recent high plus matches perfectly with our analysis). TP4 = 100+ With an ATH of $198, Neo is not even close to reaching its potential. As long as Btc stays stable or rises, Neo should follow suit, even pulling ahead, to catch up to its past. Due to the strong support created, the accumulation zone right now would be around 9.50-10.8, perfect time to buy to get maximal returns. Going long could yield some serious results. As always, any comments or advice on the analysis used is greatly appreciated, and encouraged.
BITFINEX:NEOUSDLong
by CryptoGenies
4
NEO Testing Weekly Res-Range - Uptrend Confirmed if Price HoldsShort - Medium Term Analysis Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone. If blocked, a dip wouldnt be unlikely on NEOBTC from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats Any bounce up from these zones will retest its weekly resistance around .00124 satoshi. Overall, NEO looks like its possibly in the beginning of a potential uptrend for its high frames, and a macro bull trend would be confirmed with a HH prior to a LL
by kingthies
NEO - correction is done, buying opportunityHi everyone We can see that NEO is currently trading at the strong support that was previously a strong resistance and I think it will hold. If you look at the blue line I drew, we can see that NEO pumped really nicely, and then a perfect correction occurred, a retest on the strong support and i'm pretty sure neo will bounce off this support line. NEO 3.0 mainnet is nowhere near now, so there is no FA at the moment. I would suggest setting a S/L. Best of luck!
by LuckyTradez
2
Nice buy opportunity for NEOPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- - NEO has broken the support level that held since December 2019 (yellow bar) - Ascending channel with bullish momentum, setting higher highs and higher lows. - Fell below the 200 MA and is now touching the bottom of the channel. - If we see a bullish close on the daily and a bullish follow up tomorrow, the path is clear towards 1292 sats. SL is set at a 2% drop. R/R ratio = 5.24.
Long
by Coinathlon
Neutral on NEO, until... hi @shayyaaneshan, here's the NEO analysis that you requested. NEOUSD has been stuck in a range for 2 years. From $5 to $25. Good news is that current price is testing the downwards trendline and also pushing against the weekly ichimoku cloud (using crypto settings). A rise from current price of about $13 to a closing weekly price of about $15 (or higher) suggests a test of the trading range ($25) and possible continuation all the way up the cloud to $100, a 600% gain. The rise from $15 to $25 seems totally reasonable based on the technicals. We'd have to re-evaluate the chart once it reaches there to assess the breakout to that higher target of $100. MACD and RSI both point up. But until price closes inside the cloud above the downtrend resistance, it could just as easily get pushed down again from current price by bouncing off the bottom of the cloud and getting rejected once again by that downtrend. Until NEOUSD breaks above downtrend resistance and cloud, we're Neutral.
BINANCE:NEOUSD
by Sparkster
1