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Neousd

#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
NEOUSD: Minimum target for the end of this Cycle $30.Neo turned marginally bullish on its 1D technical outlook (RSI = 56.743, MACD = 0.356, ADX = 25.407) as it has validated the start of the new bullish wave, rebounding on the same level as it did on March 9th 2020. This is the least aggressive Bull Cycle for new but the presence of a HH trendline implies that a Cycle high can be minimum made on it. With the 1W MACD about to form a Bullish Cross, we expect the HH to get hit by the end of the year (TP = 30.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:NEOUSDLong
by InvestingScope
NEOUSDT Weekly Chart Analysis: A Bullish OutlookOverview: NEOUSDT appears to be in a sustained uptrend, exhibiting a series of higher highs and higher lows on the weekly chart. This analysis will delve into the technical indicators and key levels that support this bullish outlook. Trend Analysis: Uptrend: The price action is clearly defined by an upward-sloping trendline, confirming the bullish trend. This trend has been in place since late 2022, demonstrating consistent buying pressure. Higher Highs and Higher Lows: The price is consistently making higher highs and higher lows, a classic characteristic of an uptrend. Support and Resistance: Support: The 200-week moving average, currently around $16, is acting as a crucial support level. This long-term moving average often signifies a strong base for bullish trends. Resistance: The previous high around $25 represents a significant resistance level. A break above this level could signal further upside potential. Indicator Analysis: Moving Averages: The moving averages are generally sloping upwards and are currently below the price, indicating support. This alignment of moving averages reinforces the bullish bias. MACD: The MACD is above the zero line, suggesting positive momentum. Although it has recently pulled back from overbought levels, it remains supportive of the bullish trend. Trading Strategy: Buy and Hold: Given the strong bullish trend, a buy-and-hold strategy could be suitable for investors with a longer-term horizon. Buy on Dips: Traders can look for opportunities to buy NEOUSDT during pullbacks or consolidations within the uptrend. Breakout Trading: Consider buying on a breakout above key resistance levels, such as the previous high around $25, with strong volume confirmation. Risk Management: Stop-Loss: Place a stop-loss order below the recent swing low or below the 200-week moving average to protect against a potential trend reversal. Trailing Stop: As the price moves higher, consider using a trailing stop-loss to lock in profits and manage risk. Conclusion: The weekly chart of NEOUSDT paints a bullish picture. The uptrend is well-defined, supported by key moving averages and a positive MACD. While short-term pullbacks are possible, the overall outlook remains positive for NEOUSDT.
Long
by Abdihalim1
NEOUSDT Long Setup Setting / Spot TradeBINANCE:NEOUSDT CRYPTO:NEOUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 18 20 23.5 25 (Optimistic) 🔴SL: 12.88 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
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
Positive sign for potential upward movementNEO experienced a drop to the support area around $10, followed by an immediate bounce back up. This sharp rebound suggests that there is significant buying interest and strong support at this level. Such a reaction indicates that buyers are stepping in to defend the $10 support, which is a positive sign for potential upward movement. If the current positive momentum persists, it is likely that we will see NEO testing the next resistance area in the coming days. This would imply that the price could rise further, challenging the next significant resistance level, and potentially indicating a shift towards a bullish trend.
by MonoCoinSignal