NEO - Sideway long time and wait a break out trendNEO - forecast
Frame: D/ 4H sideway long time and wait a break
Short time: minor upward, refer zone BUY and SELL
BUY zone:
8.9 - 9.1
SELL Target:
09.72
11.04
12.37
14.25
STOP LOSS: under 08.08
***
NEO basis Information:
NEO (NEO), formerly Antshares, aims to build a 'smart economy' by incorporating digital assets, digital identities, and smart contracts.
Developed by Onchain DNA, Neo's dual-token ecosystem can be used for creating dApps and ICOs. Its Delegated Byzantine Fault Tolerance (dBFT) consensus algorithm is purportedly faster than the PoW used by Ethereum and Bitcoin.
@TrungVuz
NEOBTC
$NEO Rising slowly... Wait for it!Currently in an ascending channel bouncing from EMA100 that is acting as support.
Price is about to reach ~2480sats Resistance again, if breaks, EMA200 is next target that matches upper trendline of the channel.
RSI is rising, MACD about to bull cross.
One can think that #Neo volume is still low, but actually its number 7 in the total Volume of the entire crypto space. Wayy over $BNB $TRX etc.. Just wait for it, it will happen
NEO-BTC Long Trade PlanCommodity : NEO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 days
Investment in trade : 15% of the total Trading Balance.
Prospective Profit : 5% to 18%
Prospective Loss : 3%
RRR : SL to TP1 is 1.63, SL to TP2 is 2.84, SL to TP3 is 4.52 and SL to TP4 is 6.16
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
NEO, needs a bit more time then we can fire engines again Just playing around with waves and measured moves here.
Neo approaching buy area maybe.
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NEO Breaks Out On Enormous Volume Pretty self-explanatory. I'm tired of typing for today, so let's keep this short.
I bought NEO at 2030 with all my TRX (which I bought much lower). I expect NEO to continue its uptrend for now. We're consolidating nicely and building support in a previous MAJOR resistance zone (in red). If we can hold this area, I expect us to head towards the next targets, in green X's. I'm holding NEO long term. Yes, we can revisit lower supports, but currently price action looks very strong, with volume to support it.
We also bounced off a major support in USD value ($5-6). I was looking for a sign of strength after we reached that area, and had been wanting to enter a position on NEO since it was in the $16-30 zone. It looked too weak there so I patiently waited. So far, it was a good move.
This is not financial advice. For future reference and educational purposes earlier.
-Victor Cobra