Looks about to break out 1 hr graph
NEO is moving in a downtrend and reached a critical point at which it might break out. The price already tested the support at 18 USD and is about to reach out for the trend line resistance. Scenario A When the price breaks through the trend line resistance, check for a possible retest. If the trend line is confirmed as support, the price should move up towards...
Price has already gone 75% of the way and is slipping down, target is 13.5$ which is our buyer zone from previous analysis.
NEO Elliot correction ABC seems to be ending and we can see new highs after a bounce from the old upward trendline. Buy on high volume breakouts, targets at 28$ and 36$ for wedges. Can sell a certain % off at targets and long remaining.
NEO/USDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection. one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other...
Sorry I didn't have enough time today to keep with my daily analysis and I have to keep this short, so this was my trade today - it broke resistance and I'm preparing to sell it at first fib level and see how it will behave, if and when it breaks the first fib resistance we can expect a solid up trend being formed and a mid/long-term position can be made.
We have a head and shoulders pattern here. TP is 12.5 and this exactly the 78.2 fibo level. Good enough to buy it.
need to watch the price very carefully these next couple days. News coming out of China could make or break NEO at the moment
NEOUSDT recently formed a bearish continuation pennant. it already has started to break downwards, which may confirm this movement. target price is roughly the $20-19 support level, but this is no guarantee. trade at your own risk.
Chinese panic force us to go down, TP - 15 usd
The news of China banning 'ICO' funding has had a big impact on cryptocurrencies, hitting all major markets worldwide. On top of that, there are now rumours that the Chinese government might start inspecting exchanges. NEO came out shortly after saying that they would refund investors who participated in the 'ICO', swiftly complying to the request of the...
Bullish flag + bullish trendline and sell buy targets 4H
China ICO ban is temprorary. Wait until we break the flag.
in the past mount we have been experience the down trend for NEO ... but since yesteryear it seems like break out the trend and and some sign of up trend ,, we looking for the break the pink slope line then time to buy for sure for long .. i hope so ... NOT a financial advise .... Good luck ..
NEO bulls were just waiting for some confidence the low of the fear dump was in, and news provided the catalyst. Caution of overbought conditions as we consolidate. News breakouts are a great opportunity to flip and reload more coins. As I write this hourly RSI is still mid 80s as we form a bearish reversal spinning top candlestick, though still 35 minutes...
NEOUSD is in triangle now. But when it break 29$ in past days it confirmed its down trend. RSI is good now. It might break its triangle to up. If it can it will try 29$ resistance. If it can not 15$ support is important.