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Neousd

NEOUSD Is Looking For Lower Support LevelsHello traders and investors! Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory. Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure. When BTCUSD drops into a higher degree correction, ALTcoins will probably face another bigger sell-off. One of those weak ALTcoins is definitely NEOUSD, which we see it trading in a deeper, higher degree a-b-c corrective decline. Current slow price action and corrective wave structure looks like a consolidation as part of a bearish running triangle formation in wave "b" before we may see another drop into wave "c" down to 9.0 - 6.0 support zone. The main reason is definitely NEOUSD Longs/Shorts ratio chart, which is still trading at the upper side of a range, at the resistance zone. It means that there are a lot more long orders opened than short orders and that's why bulls might not be ready yet. As you know, usually the opposite happens. So for a bullish view, we need to see that ratio back to the lower side, at the supportive zone, so ideal buy opportunity would be definitely at lower prices. Be humble and trade smart! If you like what we do, then please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:NEOUSDLONGS
by ew-forecast
6
NEO 3.0 - The biggest chance of a lifetimeWe believe NEO is one of the better cryptos out there. Marketability as the ETH from China is still existent. So a few reasons why we are super bullish on NEO and believe this is the chance of a lifetime: they are releasing NEO 3.0. It is still the ETH from China and can be easily marketed as such. an RSI Divergence in the bigger timeframe NEOBTC hit the most bottom trendline hit bottom of a possible triangle which in case it resolves bullish, would give incredible returns we had an ichimoku cross on the Monthly chart on which we took support. This should drive us to at least 50$ Total Chart has made a higher high. Other cryptos are looking super bullish such as BCH and IOTA. Not investment advice.
Long
by don_rene
Shedding light in an underpriced asset | NEOUSDT SpeculationDropped from its $200 ($198 to be exact) ATH during the 2017 bull run. Made it to $3 per NEO. Now price is in a huge accumulation phase. We don't have any official news that institutions are buying this too, but the signs are indicating that we might be too close to end this period. Once the bull flag pattern is broken we can blindly buy on the breakout and expect to see that more people will think the same way. Short term target lies around $35 and it extends till sub-50. Nothing more to say. One picture equals 1000 words and those who are brave will be blessed when it's all over. Crypto game in 2020-2021 require some balls of steel. Let's see how NEO will play out in the next days. Thanks for reading! As always, you can show your support with a like!
Long
by GeorgeZii
2