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NEOBTC

NEO - mixture of signalsNEO is looking interesting to me at the moment; a great looking chart. On the 4h chart we have a change in trend with a higher high proceeded by a higher low (bullish). Then followed by a double top with a divergence in rsi and lowering vol (bearish). At the time of this chart we could be making a perfect Larger Double Bottom (bullish). If it breaks the blue line we could see a drop to the last support (0.001316). 7% If it bounces we could see it go to the last resistance (0.001558) 10% or possibly more because of such a long downtrend. Thoughts are welcome!
by System791
1
Long NEO After New All-Time Low @alanmastersThere are always multiple scenarios possible... We prepare for all of it and we are even ready to take a loss anytime, but we are happier with taking profits. And since that's what we like, that's what we do... Namaste. Let's get started with this NEO analysis by request... So feel free to hit like now and allow me to entertain you all the way. Thanks! NEO (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. Your daily motivational phrase is now shared in the comments below... Thanks a lot for reading. Thanks for your continued support. Namaste.
Long
by AlanSantana
11
NEO (NEO/USD) - Technically a Strong AreaTechnically a 'perfect' mid-term entry area would be $8.5-$10, criteria: - Different Fibonacci retracement levels - The round number $10 - Previously worked resistance areas which now becomes support levels - Curve trendline from the bottom From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc. Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice weekend, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
BITFINEX:NEOUSD
by VaidoVeek
1
Hey NEO! It's Do Or DieWill we see $16 and then $26? Or will we see sub $4 prices for NEO? We're at the breaking point here. 2-year lows on the Bitcoin ratio as well. Definitely one of the least bullish looking altcoins. It's encouraging, however, that we're still in our uptrend against the U.S. Dollar. NEO needs to bounce here in order to remain bullish, so this would be a final buying point for people who believe NEO is undervalued. NEO has already broken out of its bearish channel, but that wouldn't mean much if the current support is broken. We probably wouldn't get back into that channel, but NEO could test the top of it as support (my red X) if things go south. On the upside, if sentiment changes drastically for NEO, we could see it actually moving up to test the previous uptrend as resistance (pink). That gives a price target around $26 - a nearly 300% increase from here. Before that, I can see it getting capped by the top of the current uptrend channel (red), around $16. Right now, we're right at the bottom of this bullish channel and very close to breaking down and causing it to become a giant bear flag. This is a clear trading opportunity for those who are feeling risky. NEO has a lot to gain or lose. There isn't much support on its Bitcoin pairing, so we will need to see that the USD chart has some merit. If you look at my analyses on ETH, you'll notice some similarities between the NEO and ETH charts, but the differences make NEO look bearish by comparison. ETH, for instance, hasn't made a new low against Bitcoin. The bullish idea for NEO will be invalidated if it breaks down hard and starts to head back towards the lows. I may consider dropping NEO from my portfolio if things don't improve soon, though I really like the project. This would be unfortunate indeed. This is its last chance for redemption, in my opinion. In any case, this is not financial advice. It is purely my opinion based on what's going on. Just wanted to post this for future reference, to see how it plays out. -Victor Cobra
NLong
by VictorCobra