NEOBTC
NEO / BTC Price pivot points. Potential +12% / + 40%The chart showed potential more likely movements depending on the retention / breaking of support / resistance levels.
The chart showed potential more likely movements depending on the retention / breaking of support / resistance levels.
It is important to say that now it is a very important area for observation, an almost ideal entry point , the first movement + 12% to the level of 0.00136. If the price cannot overcome the resistance level, the right shoulder of the "Head and Shoulders" figure can potentially be drawn. Next, observe how the level of the “Neck” of the figure will be held.
Another situation, if the price successfully overcomes the resistance level in the region of 0.00136, this gives the potential for the price to move to the level of 0.0015-0.0017. And this is + 40%.
Target:
1) 0.00136
2) 0,0015
3) 0,0017
Stop Loos - below the support level of 0.00117 -0.00118
Entering the market now, or you can wait a bit when the price consolidates in lateral movement near the support level of 0.0012
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I accompany the price movement on this coin for about 2 months.
The first trading idea on October 8
NEO / BTC Falling Wedge. Lateral movement inside the wedge.
The second trading idea after breaking a wedge.
NEO A pennant is forming. Price in the corner. Potential + 45%
Profit amounted to + 70% since the publication of the first idea
$NEO possibly finishing 25% moveOn the smaller time frame, NEO has made a double bottom in its descending channel. This could potentially send it up to the higher part of the channel to eventually complete its bull flag by breaking through resistance and finally meeting around the .0017 barrier. Volume is increasing (more noticeable on higher time frames). Keep in mind a double bottom on a smaller time frame doesn't have as much power, but it could potentially.
Stoploss at or around .0013.
Trade wisely and take this idea with a grain of salt as you should with all trading.
NEOBTC Bull Flag Formation | Strong Trend | key Level Holding Hello Traders!
Update on NEOBTC, which has proven me wrong from previous analysis (see chart linked), NEO has successfully broken bullish from its apex and is consolidating above the .618 Fibonacci Level.
Points to consider,
- Strong Bull Trend
- Key resistance broken, S/R Flip
- Price consolidating on support
- Volume Declining
- RSI respecting support
- Bull Flag formation
NEO has established a very strong uptrend since 26th October 2019, breaking key resistant levels, price is now consolidating on the .618 Fibonacci level, which was a previous staunched resistance.
Volume is clearly declining upon consolidation, signalling that a move will be imminent; we have a bull flag formation which puts emphasis on the probability of a continued bullish bias from current level.
The RSI has been respecting support, which is healthy in this trend, showing that buyers are in control at current given time. The stochastics is currently projected downwards slightly, but as we can see, it can stay in upper regions for an extended period of time (Blue highlighted area).
The VPVR is quite interesting, the volume of transactions increases as it gets closer to the blue trend line, which is a good area to take profits due to technical confluences.
Overall, in my opinion, NEO has a high probability of break bullish from this flag as we are in a strong uptrend. Volume is declining, which is what we need to see in a flag formation, we are also holding and respecting a key support, that is the .618 Fibonacci level.
What are your thoughts?
Please leave a like and comment,
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Today`s ALT!!! NEOBTCBINANCE:NEOBTC
Exchange : Binance
Coin: NEOBTC
Buy Zone: 0.0012~0.0011
Target Point: 0.001295/ 0.00137/ 0.00142/ 0.001495/ 0.00165
S/L: 0.00108
Risk: HIGH
Term: Middle
You should be careful in buying NEOBTC because of Bitcoin
It`s making Bullish Pennant
The Volume is almost down
There isn`t Hard Resistance Line between 0.0015 and 0.00123
If it`ll break Pennant it`ll be pumping easily !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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$NEO, Looking good here as It flipped ~123k sats level..$NEO
Looking good here as It flipped ~123k sats level & is pushing up w/ volume
UCTS indicator showing a buy signal on the 1D
RSI at overbought (bullish) levels
EMA200 acting as resistance for now
Tight SL as always, lot of room to grow from here
Targets 150/160k sats
#NEO
#NEOBTC LONG - TP 1464If you're confused with this chart, there are bounds on the x and y axis that bound the trade which ideally leave the trader insusceptible to emotional responses. Ideally.
The top dotted blue line represents the TP @1464 sats and the vertical purple dotted line is the time stop which, when reached, invalidates the trading idea and the trader closes the trade manually.
As you can see, after the time stop was reached, the trade started moving in the pre-determined direction.
-How should this leave you feeling?
-Would you ignore your trading rules next time?
Likely, you would. The desire to make money is greater than following the trading plan for most. After hitting my head against the wall for so long with this concept, I made trading about discipline and patience. An exercise. Similar to a workout.
It's really no different.
So, tap yourself in the back for following the trading plan next time. That's the only way to reach true wealth correctly.
Follow the (your) plan.
NEO A pennant is forming. Price in the corner. Potential + 45% NEO After breaking through the impulse of a global downtrend, which lasted almost a year, the price draws a canvas of a symmetrical upward pennant. The price is almost in the corner of the canvas, soon the denouement. Potential for working out the figure + 45%. This is the height of the flagpole of the figure.
It is also worth noting that there was a large volume on the pulse, which acts as the flagpole of this figure. All pivot points and local levels on the reaction of which the further movement depends, I showed on the graph. See more global goals in a past trading idea that worked well.
The entrance is on a breakthrough of the canvas or on a rollback of the price, depending on who has what trading strategy. It is worth noting that pennants work out impulse, and therefore there may not be a rollback after a breakthrough.
Past trading idea. Published October 8th
Result after 20 days + 47%
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Features, Pennant figures.
1) The emergence of such a model is preceded by a sharp movement in prices in the form of an almost straight line, accompanied by a significant volume of trade.
2) "Pennant" has an outline similar to a small horizontal symmetrical triangle.
3) "Pennant" are formed approximately in the middle of the price movement.
4) When a "pennant web" is formed, the volatility step and the trading volume decreases.
5) Trading volume increases when the "pennant web" breaks in the direction of the trend.
6) "Pennant" is formed more quickly with a downtrend.
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There are two types of Pennant for the trend:
1) "Ascending pennant ."
2) "Downward pennant ."
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a) “Ascending pennant” - a figure arising from the development of a strong impulse aimed at overcoming the resistance level . Its appearance on the chart is accompanied by a sharp increase in trading volumes, as a result of which one or two long ascending candles, called the “flagpole”, can be observed. Then, after the impulse reaches a certain strong price level, the formation of a “canvas” similar to a small triangle occurs. After which, in most cases, the further development of the current trend continues.
b) “Downward pennant” - a figure absolutely identical to its ascending formation, but directed from top to bottom during the development of a strong trading impulse on a negative trend. Outwardly, the “descending pennant” differs from the ascending one only in direction.
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In the form of "Pennant" is divided into three types:
a) Symmetric pennant (which everyone is used to).
b) Ascending Pennant .
c) Downward Pennant.
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Trading options. Target.
There are two main trading tactics for various Pennants:
1) Trade on the distance of the flagpole of the figure.
2) Trade at a distance of the maximum height of the instrument - the central part of the Pennant (the height of the "canvas" of the figure).
It is also important if the price is being traded in your favor, and according to the plan you should already fix the profit, then it is advisable to stay in position while you get additional profit instead of the planned one.
There must be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
NEO: Going To The Moon?Good morning dear crypto friends, hope you're doing well.
Both NEO & TRX started pumping when Xi Jinping announced that China wants to become a leader in Blockchain: They're pumping out of political reasons, this is crucial to understand.
Especially in NEO's case, we saw an immediate pump by 70%, followed by a perfect Bull Flag on the Daily:
=> If you're asking yourself, why the recent price action on this screenshot is missing: I posted it in our Discord channel yesterday.
Not enough with the perfect Daily Bull Flag, we even got an Equilibrium pattern on the Hourly, perfectly confirming the breakout:
=> Since then we're 15% in profit unleveraged.
What now?
NEO had been much higher this year, we came back to the ranges of $18-20. With the political news out right now, NEO could go towards that range, giving solid 50% profit unleveraged.
That doesn't mean though, that you can just blindly start chasing it: It is pumping right now, and you have to wait for a good consolidation opportunity.
If you don't want to miss amazing opportunities such as this one in the future, and eso. if you want to know how to exactly trade setups like these: You can become a member of Edgy, either through mentorship, automation, or through subscription to our indicators.