NEO/BTC, Long+Short, Bearish butterfly on daily TFWe have a bearish butterfly on the daily TF for the pair NEO/BTC. At the same time we have an ascending triangle which breakout could reach D to go down to pursue the downtrend initiated at the begin of April.
The RSI was also very bearish, it crossed the 50 line now but could dive again if the pattern is confirmed.
For the long part: from the breakout until we reach D.
For the short part:
Buy-in: 1999 in the PRZ of the pattern and also resistance
TP1: 1701 which is the last major support
Other TPs on the small supports initiated by the triangle and the fibonacci supports. If the ATL breaks, the TPs are located on the extended fibonacci ratios and pivot points but don't be too greddy as usual.
SL: 2110 just above the 2.414 fibo line which also corresponds to a resistance
NEOBTC
$NEO Rejected at the resistance around 171k sats once again..$NEO Rejected at the resistance around 171k sats once again, heading back to where we bought this asset many times.
Accumulate under at around 135k or lower, if there is no crash on the alts market overall, its probably a win in a few days/weeks.
#NEO
[NEOBTC](76%) Long NEO After New All-Time LowNEO (NEO) Overview
What is NEO?
NEO is a non-profit community-driven blockchain project. It utilizes blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts. Using a distributed network, it aims to create a “Smart Economy”.
NEO was founded in 2014 and was open sourced on GitHub in June 2015. NEO believes that community development is its top priority. NEO has a huge developer community around the world, such as CoZ, NEL and NeoResearch, who continuously contribute to NEO development. Millions of community members are active on Reddit, Discord, Github and Twitter.
NEO (NEOBTC) Chart Analysis
I remember all the hype when NEO launched, huge project and lots of noise all around… Who would have thought that NEOBTC would hit a new low? Well it has, at least on Binance. Other big altcoins such as Cardano did not hit new lows, but this one is different, so let’s see what the chart is telling us…
Let’s start by looking at NEOBTC long term. Here you are going to be looking at the weekly chart, remember that the longer the time frame the stronger the signals.
The cryptocurrency market is very fast, highly volatile, that’s the nature of the market, it represents our times, who we are… And remember that people these days have no attention span, so they need fast, action in order to remain engaged, and that’s the reason why you see the volatility and crazy movement in these pairs.
So weekly is a very long time in cryptocurrency, the signals gotten from a weekly chart hold lots of value when it comes to trading… Ok, that’s enough, let me show you the chart:
The bullish divergence on the MACD (purple) is astonishing. Notice how NEOs value is going down, while the MACD line and signal are moving up.
The RSI instead went with the chart, and it also hit a new all-time low (massively oversold). I consider 30 (RSI/14) to be oversold on the weekly time frame, on the daily time frame 20/25 can be considered oversold. Everybody can use their own numbers and create their own strategy, nothing is set in stone.
There is always volume here as this is a big project.
We lost in the past with NEOBTC, but this is no big deal as we buy lower now. So we get more tokens for a lower price, so total we have more. If we are patient and we wait, we will get back any loss and even more profits on the way up… The price now is literally up to 100% lower than our last stop… Only those that quit loose. Persistence is also key to win.
Let’s take a look at it closer:
Here we have the classic falling wedge.
A strong bounce after support was found at the new all-time low.
We have the entire cryptocurrency market going bullish.
It is time to step in and trade this coin.
NEOBTC by Alan Masters
Buy-in: 0.001400 – 0.001600
Next support: 0.001200
Targets:
Short-term
(1) 0.001670
(2) 0.001780
(3) 0.001845
(4) 0.001950
(5) 0.002130
(6) 0.002250
(7) 0.002410
(8) 0.002740
Profits potential: 76%
(Buy-in calculated at 0.001550)
Stop-loss: Close weekly below 0.00100.
Capital allocation: <10%.
--------------------
First round:
Short-term
(1) 0.001670 -Reached 29-May (+7.7%)
(2) 0.001780 -Reached 30-May (+14%)
--------------------
NEO will go up 85,35% !$27,78 -> Medium-term target
Hello Friends, According to the NEO analysis, it will climb to $27,78
Don't forget the position sizing guys ;-)
NB : I share informations in a neutral way, I don't offer any investment advice on specific currencies, or initial offers, and does not encourage anyone to enter what may appear to be investment advice, and then completely disclaims any liability for any investment decision made by the reader.
$Neo / $BTC warming up to break up. $Neo / $BTC warming up to break up.
NEO Scoring
Overall Score: 79.3%
Open communication channels: 100%
Team strength: 46%
Product strength: 78%
Coin strength: 83%
Brand awareness/Buzz: 100%
Advisory board strength: 0%
Activity on social media: 50%
Quick Research
Purpose: NEO's blockchain addresses scalability issues that older blockchain have. Also, its platform offers dApps, smart contracts, token issuance (NEP-5 tokens) and more. It is popularly referred to as the "ethereum of China" due to the similarity in functions with Ethereum and its Chinese background.
Product Status: Fully working product
Consensus Method: Byzantine Fault Tolerance
Emission rate: Emitted in proportion to amount of network activity
TXN'p/s: 1000
Abstract:
AntShares is a smart asset platform and the first open source public blockchain project in China. Smart assets are the combination of smart blockchain contracts and digital assets, making registering, distributing and trading digital assets more intelligent.
Investment data
Listed on 19 exchanges
CoinMarketCap Rank: 12
Market Cap: $2 B
24H Volume: $65 M
Coin Age: 21 months
NEO weekly (long term)NEO is still trying to pierce through the resistance zone wich was the target on my last chart. Even the thought the target was reached twice it rejected weekly candles on both of those times. NEO is now trying to pierce through for the third time but seem's to be undecided. I'm sure it will broke it but we might see NEO dip one lat time to the red zone wich was the resistance zone in my last chart and now acts as a accumulation zone. Theses zones have proven to be working since a couple months! When NEO will break through the resistance zone it will make massive moves, now is a good time to accumulate!
SIGNAL Of The DAY: NEO/BTC On Binance 42% Clearance!D4rkEnergY is More READY Than Ever. He just made a perfect in depth analysis on Bitcoin, which just was spot on. You should definitely read it if you havent already done it.
But now - the unstoppable force - has something really interesting for you, and its completely FREE, and it is..
THE SIGNAL OF THE DAY
Look at beautiful NEO. Wow. This a textbook ascending triangle - you could argue its also a neutral triangle, BUT its more bullish than neutral, which is obvious for the experienced trader. First take a look at the arrow. What was that? That was when Binance announced they would shut down for US customers in December.
As you probaby now, investors got scared, and left altcoins and went into Bitcoin. And that is also what you can see happened here.
Clearance
Not only that, my ladies and gentleman, take a look to the right. That is what we call CLEARANCE. It means, that IF we break out out of the triangle, which we probably will do, we have NO really reistance above our head. And THAT is amazing news, because it makes even easier for NEO to go up, up, up..
Here you are! The trade is active, go in and make that position, and lets make some money together!
D4 Knows Everything!
Please give a LIKE for that one! Thank you!
Neo next bull run?Neo rebounded several times from $ 11, the appearance of a hammer allowed to resume the upward movement. There is a chance that a small Elliot model will be formed, the first four waves are already there, the fifth should bring the price closer to $ 15. It should be noted that the bullish signal from Chop Zone begins to weaken, which is why the fifth wave can break. In addition, at the weekend, a moderate price movement in the flat on the market as a whole is predicted, which also makes it difficult to form the fifth wave.
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$NEO Ascending triangle reaching to the edge against resistance $NEO Ascending triangle reaching to the edge against resistance at ~167k sats
UCTS Buy signal on the daily chart
Volume slowly growing..
nice trendline hodling the movement and producing HLs
Breaking above resistance could unleash some movements for #NEO, stay alert
#NEO
NEO chart looks bullishHigher highs / lower lows indcating an uptrend. Since April 4th its been grinding thru resistance resistance and after every rejection to break thru the resitance area, NEO has required less volume and time to absorb the supply dump. I'm thinking there's not much more supply up there and we might see a breakthrough soon.
You also have to consider the on the BTC pair we are coming up to the end of the continuation pattern which also gives me and indication that a move is coming withing the next few days/week
NEO – bullish pattern – 35% quick gain possible.Hi Guys!
We are sure many of you heard about NEO.
It made 350X gain in 2017 .
Will it repeat its success?
Well, maybe it won’t be as much spectacular as it was two years ago but…
Let’s take a look at the chart and indicators.
• The current price level is one of the lowest ever. This is the accumulation time .
• Ichimoku Cloud - The new bullish bar starts above the TenkanSen(red)
and KijunSen(blue) and the bottom of the cloud. GOOD.
• Weis Waves – The supply is falling down since the beginning of May.
Nice amount of demand has shown up.
• Bullish ascending triangle observed – our minimum target is 0.002300
• Further target possible – 0.002740
So this should give us a quick 35% profit according to the bullish ascending triangle theory .
Wait till this triangle is broken up .
What do you think?
Are you on board?
Thank you for reading.
Hit a like to support.
MASSIVE Hugs!
WBM Team