Looks like possibly a double bottom has formed (1 hr time frame), NEO could be making a move back into the $40’s. IMO NEO has very good long term potential.
NEO has overwhelming fundamental support in China. Decending wedge is consolidating around the $32 mark. Looks like a rally is incoming
In a previous post I shared a few points on why I believe NEO is a good coin to trade/hodl. If you take a look to Ethereum's chart around March 2017, you will notice a similar behavior with NEO... well, let me rephrase that, if you compare a current chart of NEO with an Ethereum chart from March 2017, you'll notice a very similar behavior. NEO is being called...
The market broke through the local downtrend and, probably, reversal Head&Shoulders pattern forming. Local swing high is approximately 43, I think it is a good point to enter. Someone very large entered the market, the biggest candle is seen on the chart. And some fundamental support: NEO has 3 meetings in the next few days. One of them is with Microsoft.
If we look at the 4H chart of NEO, we can see a trend reversal chart pattern. Head & Shoulders pattern on the top gives a signal that the market is going to move downward. For confirmation this price movement, we'll need a price breakout below the signal line of H&S pattern. If so, the market will be able to drop to 15.50 level. For reaching this target based on...
Probably the market is ready for new highs. The market is trying to break the downtrend line. MACD lines are crossed, the histogram also shows a positive trend. RSI turned around and broke the downtrend line. Local swing high is about $48.6. To the Moon!
I've been away from sharing my charts for a while now, but NEO (previously known as ANS or ANTShares) is the reason I got back. I've been following this coin since it was 14USD (only a few days ago) and it has exploded to the 50s! It actually had 140+% growth in a week... It's too soon and we don't have enough history to make proper TA, so I just threw some...
See my notes on the chart Triangle forming is this an upward ascending triangle?
The price is going to move downward for short term. RSI reverses in the overbought zone and it confirms price reversal. The support zone is formed by the uptrend line and 40.50 and 38 levels. This zone is a good place for buying. Long trades must be opened based on a confirmed reversal signal. If the market drops below 38.00 level, we'll see further downward...
NEO looks to be consolidating for a 4th-wave which could take us to $30, however, I think we get a bull-move out of there to about $50
Hey everybody, I think NEO can follow this patterns. MACD confirmation of the uptrend. Thank you, Cryptoz