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Neocoin

NEOUSDT still bearishNEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this. As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline. We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020. It also likely that we will see price lower than this if the bear market continues. Any bounce probably will be a short lifted and the price eventually will go down. On the chart you can see 2 possible scenarios how the price would drop towards $4. Good luck
Short
by vf_investment
2
NEO | When to buy? 🤷‍♀️Hello Traders. I hope you are having a great weekend. Today I am looking at NEO`s chart on daily timeframe and as you can see there is a descending line ahead of the price which should be broken if the price wants to go higher. Best time to buy is when it breaks it with good volume then pullbacks to the yellow area with the target shown. SL could be around 18$. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. Thank you guys for reading my idea on NEO and don`t forget to comment what you think. ✌
Long
by Existansilon
4
neousdt short and long neo usdt look in weekly and daily demand zone. this is a very very risky trade we have the opportunity to go short for scalp. but prefer to go long in the daily demand zone because neo has a lot of space to go long. ad least we get some take profit reason for entry? 1. neo break the major channel and retests successfully. that does not mean we are bullish overall structure is bearish. 2 neo break nearest supply zone that mean we are going little bit higher also demand is greater the supply
Long
by theshooter9x
NEO (Neo) Coin Analysis 03/04/2021Fundamentals: Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together. Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later. As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain. It’s often been likened to the Chinese version of the Ethereum network. One of the unique selling points of the Neo blockchain concerns its continuous development, which helps ensure that it is futureproof and able to cope with sudden increases in demand. As mentioned earlier, the project has developed Neo 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed. Unlike many other blockchains, this network also has two native tokens: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network. Few other blockchain projects also run a development fund to the extent that Neo does. EcoBoost launched back in 2019, and it was billed as an initiative that provides “full life-cycle support for high-potential projects” — including grants, technical support and promotion on social media. The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption. Da Hongfei has said that, although the internet is a great invention, it has many flaws — and this means that everyday consumers don’t always have control over their own data. The entrepreneur believes blockchain applications will eventually go mainstream. Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain’s operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network, and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure. The live Neo price today is $54.15 USD with a 24-hour trading volume of $860,319,548 USD. Neo is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #37, with a live market cap of $3,819,379,676 USD. It has a circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins. The top exchanges for trading in Neo are currently Binance, Huobi Global, Upbit, OKEx, and BitForex. Technical Analysis: there exist a Hidden Bullish Divergence with MACD which is the sign of Bullish Trend Continuations. there are total of 3 Targets Defined by Fibonacci Projection, where as they have confluences with the past Supply and Demand levels when it had an impulsion earlier. the 3 Target gets confirmed as the 2 TP gets triggered followed by some Price Correction
Long
by BitonGroup
2
It can be wonderful buy the dip opportunity for NEO coinHi dear friends, hope you are well and welcome to the new update on NEO coin. Daily wedge and triangle: On a daily time frame, Neo coin has formed a falling wedge pattern, now the movement is squeezed because at the end of the wedge a descending triangle is formed and the support of this triangle is not letting the priceline to moved down to test the support of wedge again. There is also 200 SMA resistance above the resistance of the wedge. After breaking out the resistance of wedge and 200 SMA resistance we can expect a big move. 200 SMA support: On a weekly time frame, the priceline of NEO coin is getting bounced by 200 simple moving average support. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333