NEOBTC - Monthly ChartThe monthly chart of neobtc looks pretty dangerous, if you're bullish on the NEO project.
Risk averse traders better stay out of NEO at the moment. If you look at weekly/daily levels, you'll see NEO is hanging on the cliff of at least 90% more downwards movements.
However, risk-loving traders might see this as an opportunity. A recovery of NEO might lead to a bounce of 30%. With a tight stop-loss, there are possibilities..
NEOBTCLONG
NEOBTC Technical Analysis 425% target ProjectionYou can see the Chart of NEOBTC on Weekly Timeframe .
It Seems Like correction period is almost End.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
NEOBTC Technical Analysis 325% target ProjectionYou can see the Chart of NEOBTC on Daily Timeframe .
It Seems Like correction period is almost End.
Market Break the falling wedge pattern.
Now Moving in Sideway.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
NEOBTC Technical Analysis 220% target Projection.You can see the Chart of NEOBTC on Daily Timeframe.
It Seems Like correction period is almost End.
Market Break the falling wedge pattern.
Now Moving in Sideway.
Right now We can see the 5 Resistance level and 2 Support Level.
1 Resistance level: 0.003295
2 Resistance level: 0.004627
3 Resistance level: 0.005602
4 Resistance level: 0.006632
5 Resistance level: 0.007856
1 Support Level: 0.002408
2 Support Level: 0.001939
Second Support Level is Last year Support level Strongest one.
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
Nice trade opportunity on NEO/BTCWe all know that the altcoin market is very oversold and it is only a question when the smart money gets in - if it didn´t already. Right now we can see a very good swing trade setup on Neo in pair with BTC (and USD as well).
Neo is currently sitting on a huge support, so we are trying to get into the trade now or somewhere in the orange zone of liquidity pool. If you buy now, there is a 1:9 RRR. The SL should be set on 0.00228. TPs are marked by green horizontal lines.
Anyway, even if SL is triggered, I don´t see this idea invalidated until we hit 0.00178. That is the point where the market is in serious trouble.
Size of the position should be rather small, this trade gives possibly really nice gains.
Please, don´t forget to like and follow if you like my ideas
Have fun!
NEO Short Term Gains.. 43%!NEO is in its descending channel and now it has made a falling wedge and is trying to get out of its descending channel. So with the weak bullish market we have especially with BTC we can expect some good gains from alts and we should focus on top alts which are solid project with a strong community which is ready to buy and push the price when there is bullish action in the market and NEO is one of them.
So even if we check the trend it has made from its this year peak we can see that it has made a reversal pattern once and got out of it making 40% gains, and it retraced after that but making the same reversal pattern so making a reversal pattern now and getting out of the descending channel so we should expect the same gains here where the price should take us to 0.0036-4 BTC level..
Details of the trade:
-Bullish divergence on EWO (I LOVE EWO xD)
Targets:
-0.0036 BTC (short-term)
-0.0043 BTC(mid-term)
-0.0047 BTC (long-term)
-0.005 BTC (long-term)
-0.0055 BTC (long-term)
Stop-loss: 0.002381 BTC
Good Luck, Traders! #moon #mooncommunity
NEOIdea for monitorize
This time i will not show the argument, just the result.
3 days from now for first target (4750)
If you like my ideas, please hit Like, leave a comment, share them and follow me for more
Educational Only (im a student)
GoodTrade
-CJ-
BTC: 1DQinHVrv8SEjJR81swwuKpK4msz3ULYd9
NEO: AdE35gAi2g5uuYeiJZRjQ5a9usem5hxWye
$NEO #NEO - THE BIG PICTURE - when finally moon?Hello Lads and Ladies,
Todays daily TA will be done as requested on NEOBTC. A coin that has been traded a lot and gained a lot of attention from many traders in the last few weeks. Since it hasn't started the engines yet, not many people are talking about it anymore but we will take a look into it and see what the next steps are for NEOBTC.
I chose the daily timeframe because right now we are coming to a point where it is just crucial for NEOBTC and we are approaching or even already sitting at historically very strong and with it very important support lines.We were here in a two month constant downtrend, which was really just not nice to look at. Then at 470k we had a very nice 44% bounce after that of course a retracement and are sitting right now at a crucial support around 450k.
This 450k line is basically the last chance to bounce for NEOBTC, before having a further 15% drop.
Looking at NEOBTC right now, I still believe that we will see the 385k reached, but before that we will have small bounce. This particular bounce is very likely to happen right now, as long as we do not cross the 450k support.
The drops and bounces that are happening are very clearly inside a pennant/a narrowing descending channel. Therefore this bounce from the strong support we are sitting at right now might be just as high as the descending resistance line of that channel. This would be around 20%.
Speaking for it, is that we are literally sitting at the very bottom of the Bollinger Bands and in addition to that have a strong support here. ANYHOW, for it to happen, we would most likely have to see the whole alt coin market make a bounce. This is likely since many coins TA wise are in a bounce-enabling-pattern right now and strongly oversold after basically all of them got shot down one by one.
This is a very strong decision point for many coins, since most of them are sitting at their last support before making another 10-25% dive down.
The anticipated bounce would most likely not be the trend turning bounce since we are not oversold enough yet, but the support below this recent one is the one that is able to turn the trend and start a new bullish season.
ANYHOW, we might see crypto do a barrel roll again and just crash and rush through all supports, which would basically get EVERYTHING REKT. Particularly for NEOBTC this would mean hitting 200k satoshi.
This is highly unlikely but in an event where the Bitcoin ETF does not get approved or officially delayed by a year, this would be the scenario we would be facing then. Sure, there are already many, many other news aligned for crypto and Bitcoin but right now the hype is around the ETF and it is getting scary depended on a single decision.
Right now, I strongly believe that we will see some green candles around alts in the next 48h and after that continue dropping down. YET, there is still a high chance that we will continue dropping right now and with it would really "reset" all indicators, all averages and the whole market so it is ready to see a nice and strong bounce.
IN NUMBERS -
- BUY @450k
- SELL @540k
- SL set it tight and watch the market.
- RE_ENTER @385k
BTW. This is always shared with a delay. If you want to access this info first, let me know.
NEO - incoming BULL RUN ahead!Hey guys,
I was recently asked by one of you if i believe that NEO is a good trade.At this moment,i can say neo is an AMAZING trade,as tehnical analysis suggests that we are coming to the end of the well respected bearish triangle formation that formed since the beginning of this year.
How to trade: Buy NEO right at these prices and set a stop-loss at 4.7k satoshis, just in case things go the other way(which is VERY unlikely).
Keep an eye out for a golden cross.It's very likely that we are going to witness one very very soon.
I won't post the usual donation addresses,as i've noticed that i didn't get any donations at all.
I hope you find value in my posts thought,and you get some actual profits by following them.( like the 30% profit on STRAT :) )
As always,i wish you all the best.
Cheers!
NEO grinding higher NEO has pushed above two minor trend line resistances and now looks to build on the strength and continue its move higher. The first obstacle on that journey is the 38.2% Fibonacci retracement since the coin has already failed at that level and rotated back lower. In a perfect manner, the coin touched the previous resistance - 23.6% Fibo, before continuing higher and testing 38.2%. In case NEO again fails at that level then we may consider a more significant move lower. On the other side, break of the 38.2% Fibonacci resistance will pave the way for a test of the 50% level which also coincides with the falling trend line - a major resistance area for the pair.
If you are looking to ride the trend, then a move to test the trend line may be on the cards and a good short-term opportunity. For sure, the one has to consider taking the profits once the coin approaches the trend line. On the downside, any move below 0.005100 will prove to be a major blow for the bulls as that is a really strong support - trend line + horizontal support.
$NEO #NEO - FULL ANALYSIS - WHERE TO ENTER???We will start off with the already many times charted and traded 4h chart and then increase up until the monthly, to get a general understanding of what is happening with NEOBTC.
I personally thought that it will be an easy chart but here I am again charting at 2am.
Alright, what we see here is first of all the big blue dotted downtrend line. NEOBTC was supposed to break it at 0.0075 but it failed there and started a HUMUNGOUS downtrend. Everytime it was supposed to recover, it just got rekt even more by the market blood bathing.
Right now we are at an interesting point, giving NEOBTC once again to recover and maybe start heading towards the big downtrend line. Nevertheless, if it breaks this support AGAIN, it IS tanking another -10%.
IN NUMBERS - support at 0.0047. If that breaks, next stop is 0.0042/0. RSI right now is at 28.3 heading down to 20 or below. Based on that RIGHT NOW NEOBTC is SHORT.
Looking at the daily chart, we can see that NEOBTC is heading towards the overall ascending trend line, from where it has mostly seen a huge bounce.
Nevertheless, it is still going towards the level of 0.0047, so 0.0042 seems not very likely on the daily. ANYHOW, if you take a look at the last time it jumped from the over all trend, it has broken it for a few days, which MIGHT be the case again, if 0.0047 does not hold.
BUT speaking in favour of the 0.0047 RSI is at its lowest recorded stage, yet seems to be breaking the 20 point line. As well as the space between the chart and the middle of the Bollinger Bands is rather big.
Again - Indicating a bounce soon.
Taking a look at the weekly NEOBTC chart, we can clearly see and confirm what we have just said about the previous charts. Here again, it seems to be heading towards the 0.0047 OR 0.0042.
The interesting part about this is actually that it would mean heading down to 0.0042 first, then having a bounce from the 0.0047. Although, I do not believe in that and see it rather bounce from the 0.0047.
RSI is also at a very low point where it has not been before.
So, coming to and end and seeing clearly where we can expect a bounce at, we can see what MIGHT happen after that, if we take a look at the monthly NEOBTC chart.
It has historically the tendency to alternate between two red candles and two green candles. Indicating that we are at the end of the two bearish months and will most likely see two bullish months.
Closing below the last opening, does not mean automatically that we cannot see another low but close next month above this months close.
Simply saying, once again we have room for some down action and will see the bounce after that.
NEVERTHELESS, should that very last support of 0.0040 not hold, then NEOBTC is REKT and will go down DEEP.
I will be entering this one on 0.0047 with 70% and 30% setting on 0.0042.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
$NEO #NEO - THE BOUNCE - WHERE? WHEN? HOW MUCH?Hello Lads and Ladies,
This is the more extensive analysis of this day. We will be looking into NEOBTC and see what possibilities we have. The price right now is extremely good and if the market doesn't bleed again, we will see a bounce.
The question here is How big will the bounce be and when will we see it?
Alright, first let us take a look at the chart and see what happened.
The blue dotted line is a very longterm descending support and resistance line, on which NEOBTC has been pushing through and crashing down. The horizontal green line is a very store historical support line, which has also been acting as a resistance even further back. The red horizontal line right above it, is the resistance that needs to be broken before a new push from the "BUY ZONE".
In the recent period we can see NEOBTC failing to break the blue dotted line and so coming back to the buy zone again. Last time failing to break it, it started heading south to a new support, hitting through the previous support as if it has not been there. Of course, the whole market situation had some strong influence to it too but this was the case for many coins and one of the reasons why the whole market "crashed". The new support, it has found happens to be the 127.2% fibs retracement line. **(Side note, look at the coins in the market and you will see that they are mostly already sitting at their new support - this lowers the chance of a third "crash")**
Sitting at this new support we have basically two options of a bounce and where it might be headed to. The first one would be to where the red horizontal line crosses the blue dotted line, which in my opinion wold be only able, if Bitcoin and many others experience a big bounce within a few days - this is likely to happen but I would not rely on that, because it is still kinda shaky and peoples' attitude is around 50:50 for one more bloodbath or big push.
Therefore, the second more likely bounce would be heading to the point where the blue dotted line crosses the green horizontal line. This will be an important time to watch it. Should NEOBTC decide to break this point, we will be heading to the red dotted line, which has been acting like a intermediary support and resistance line. This, of course, after successfully leaving the "BUY ZONE", where we might see some sideway movement.
ANYHOW, does NEOBTC NOT break this point it will head towards the support again, and since there is not much space left, there might happen something cringe but I will make an update if something like this would happen.
Should NEOBTC break the red dotted line, then we will see a nice push even further, where exactly this line will act as a new support.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas