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Neocoin

#NEO is back at its historical demand zone!#NEO The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We have a bounce from the lower boundary of the descending channel, this support at 5.45. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside. There is a major support area in green at 5.30, which represents a strong basis for the upside. Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. We have a trend to hold above the 100 Moving Average. Entry price: 5.55 First target: 5.63 Second target: 5.73 Third target: 5.86 Don't forget a simple thing: ease and capital. When you reach your first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
NEO/USDT: Prime Buying Opportunity Amid Bullish Reversal SignalThe NEO/USDT pair is currently trading at 4.153, showing signs of a potential upward reversal after a recent downward correction. This retracement has brought the price to a critical support level, which is being closely watched by traders. The Relative Strength Index (RSI) has recently dipped into oversold territory, indicating that the selling pressure may be waning and a reversal could be imminent. Additionally, the Moving Average Convergence Divergence (MACD) is beginning to show a bullish crossover, which historically signals a shift in momentum from bearish to bullish. Moreover, the price action suggests that NEO has formed a bullish divergence, where the price is making lower lows while the RSI is making higher lows. This divergence is often a precursor to a strong upward move. The 50-day moving average is also flattening out, suggesting that the recent downtrend may be losing steam and that a base is being formed. Considering these technical indicators, the current level offers a strong buying opportunity for investors looking to capitalize on the potential medium-term upside. The combination of oversold conditions, bullish divergence, and a potential MACD crossover suggests that NEO could see significant gains from this point. With the price at 4.153, a well-timed entry could allow for substantial profits as the market reverses and begins to move higher. Therefore, this pullback should be viewed as a prime opportunity to buy, with the expectation of a strong rally in the coming weeks.
Long
by SafeCryptoSignals
6
Neo price recalled that they can not only fall but also grow?)Who knows what happened to the SET:NEO project, that the "Chinese Ethereum killer" woke up from hibernation and made a sharp 30% price increase?) Maybe it will also wake up its "partner in crime" - NYSE:EOS ?) But seriously, if #NEOUSDT buyers have the strength and intention to continue growing, then in the coming days they should defend $19-20 and not allow the price to fall below. In this case, the targets for the #NEOUSD price to rise to $29 or even $36 in the medium term will become more than realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
Long
by KvazarBTC
2
#NEO/USDT #NEO The price has been moving in a descending triangle since May 2023 price move in up waves Finally, the price reached the upper line of the channel, which is the main resistance line At 9.40 , which is the current price We expect to break the resistance line with targets First target 11.64 Second goal 14.20 Price breake the Moving Average 100 actuly and as usual follow your trading plan and manage your risk. Be patient and good luck! If you like this kind of analysis don't forget to like and follow
Long
by CryptoAnalystSignal
3
Is NEO repeating the pattern of the past bear market? Hello everyone! If you're looking for a hefty profit and are willing to wait, then take a look at NEO. On the weekly timeframe, you can see that the price movement is very similar to the price movement in the previous bear market. Back then, there was also a long sideways period that lasted 847 days before the price surged upwards. Currently, there is a similar sideways period with the upper boundary being the 0.236 Fibonacci level, and the asset is at the bottom of this sideways range. The price could still drop to $5.9 per coin. So, the timing of when to open a position remains open. Fibonacci levels serve as targets on the chart. This is not financial advice, and anything you do is at your own risk.
Long
by TradeMyIdea
NEO/USDT Break Key Area, Bullish Momentum ?? NEO Analysis TodayYello Paradisers, Break Alert! 💎 After breaking through a key supply level, the chart confirms that we're in the retesting phase, transitioning from supply to demand. For further confirmation, we need to see the daily candle sustain above this new demand zone and close as a rejection candle. If this occurs, NEO is likely to continue its upward trajectory, targeting the bearish Order Block (OB) or strong supply area. 💎 However, if NEO fails to maintain above the demand zone, it could reverse course and test the bullish OB area, where additional accumulation could be advantageous. 💎 The bearish OB zone also coincides with a resistance trendline from a descending channel, making it a pivotal area for NEO. A successful breakout from both the bearish OB and the descending channel would be a bullish indicator for NEO. 💎 This analysis would be invalidated if NEO breaks and closes below the key support level on the daily timeframe.
by MyCryptoParadise_Nathan
17
NEO/USDT prepare for bullish move? 👀 🚀 NEO Today AnalysisParadisers, gear up for an exciting opportunity with NEOUSDT! After touching a bullish Order Block, it's primed for a dynamic upward surge👀 💎 In the wake of recent market volatility, NEO experienced a significant drop but has since regained its bullish momentum. 💎 There's a Bearish Order Block above that the price has already tapped once. We're optimistic that it will revisit this level, given the remaining liquidity. 💎However, if the price breaks through the demand zone, consider a short entry to capitalize on the situation. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
Bullish 📈 on $NEO for a price target of $89 🚀🚀 The Bullish Case for NEO 🚀 I've analysed the NEO chart, and I find the technical indicators suggest to be oversold. This is often a strong buying signal and, combined with the fundamentals of NEO, makes me decidedly bullish. It is not financial advice. 1️⃣ Oversold Territory: The recent market correction has pushed NEO into oversold territory. Historically, these have been excellent opportunities for value investors. 2️⃣ Target Price : Given the current chart patterns, I am expecting NEO to bounce back and reach no less than $89. 3️⃣ Past Cycles: NEO has shown strong resilience in past market cycles, demonstrating impressive growth and recovery. I think that it's poised to follow a similar trajectory in the near future. 4️⃣ Smart Economy: NEO has a growing ecosystem of dApps, which could push the demand for NEO even higher. 5️⃣ Scalability & Efficiency: With its dBFT consensus mechanism, NEO provides high transaction speed and reduced energy consumption. 6️⃣ Interoperability & Quantum Resistance: NEO's commitment to quantum-resistant cryptographic mechanism positions it intensely for the future. As always, this is not financial advice but my personal opinion based on my own analysis and research. Always conduct your due diligence when investing.
Long
by Joy_Bangla
1