Is NEO making a bearish megaphone?Looks like NEO ( BINANCE:NEOUSD ) will retest the previous support, between $4.5 and $7.5 (look at Red box), completing the bearish megaphone, and if the bearish megaphone breaks to the lower side, then it will retest the previous support below that, of $1.89.
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Neousd
NEOUSDT Risky Short positionHello traders
As you can see in the chart above, the price has formed a head and shoulder and a rising wedge pattern. So I expect the price to fall.
What's risky? Price may have formed a double retest on the 4H descending trendline.
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Neo/usdt falling wedgeNeo /usdt
Forming falling wedge and in downtrend since last 19 September
It can drop and retest horizontal support area below or trendline support and then rebounce
But best buy area is after break trendline resistance
Wait patiently and you can buy after break or retest of trendline resistance
Good luck and happy trading
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Neo formed ABCD bullish pattern!!!So, in H1 timeframe. NEO forme a bullish pattern, but we can see continue drop in the price!!!
But, we will need to take a perspective that in the purple quarer that I mark, NEO touch the EMA 200 and in any moment NEO could to change the trend and we can to be cautelous when the price touch the EMA 200 and we can see a possible change o momentum of the trend.
It's so interesting.
But right now, we nee to confirm the 0.618% as posible continuation o the bearish trend but limited!!! So, my target proti will be $13,67 USD and my price entry it's around of $14.79 USD with a SL at $!5.28 USD. So, we would need to take this perspective.
So, I do not entry in H1 timeframe until we see any bearish pattern in 30 minutes. That it's my key to trade this par!!!
So, the trade it's very good, but we will need to be cautelous and it's very possible that NEO make a little correction and I hope any change o trend!!!
So, the most is to hope that NEO make a coirmation on this green zone to entry in the little short position of just exactly $1 dollar drop in NEO.
NOEUSDT: Possible Long (05.11.2020)A strong divergence has formed on H4 between the price and the RSI. In addition, the RSI is still close to the oversold level, which signals the possible completion of the downward movement.
On H1, the price has broken through the downtrend line, and now a correction is being formed.
We recommend buying NEOUSDT with a local correction on H1 with a stop loss at $ 13.7
4.11.2020 - Neo (NEO / USD)Hi Traders!
After a long time, we will look again at the NEO / USD analysis. On the chart, we basically summarize also other altcoins, which look very similar.
On Neo, we can see a huge difference between Bitcoin and altcoins. Bitcoin is holding its maximum in this trend, trying to beat the USD 14.000 level. Altcoins are mostly in a deep correction. Specifically, Neo dropped by up to 50% from its maximum.
This is due to the dominance of BTC, which we talked about 2 weeks ago. But let's go specifically to the NEO / USD trading pair. We perceive it as extremely negative that Neo failed to hold the trendline, which has not been significantly violated since the beginning of March. The problem is not only that it has not been able to sustain it, but also how the decline is taking place. If we look at the dynamics of growth and decline, we see that the dynamics of decline is slightly more pronounced. Another negative news is that this decline does not slow down at all.
It would be best for Neo to be able to return to the trendline as soon as possible. It is currently on the MA21 support, which could slow down the whole fall. We see the values of USD 11.37 - 12.45 as the strongest support. RSI is also below the trendline, which is also not positive news. Again, it should be borne in mind that the cycle always consists of growth, decline, and consolidation. Consolidation is what this chart currently lacks, so we do not expect the Neo to start growing in the foreseeable future.
May the crypto be with you!
NEO in HS pattern around neckline.This crypto currency is reaching point of control for bottom in March at 1D chart.
I personally not buying. But it will be interresting to wach, how this pattern figure out.
Beam indicator is green and volume tightening so breakout is near.
However, if NEO fall below lower blue rising line, I expect this asset below 10usd ( HS target ).
This HS is officialy broken. Conclusion probably come next week with Bitcoin direction.
Let's see what happen.
*This is not a financial advice.
Short Position: NEO break down the bearish flag!!!Right now, we see a currently short position that NEO is leading toward the $12.30 USD, that is my exact target profit in NEO.
In H1 we se in this bearish flag and NEO came from the bearish trend before that appear the formation of this bearish flag. so we see a good shorting position in NEO.
Also, in H4 we see another confirmation and validation extra that NEO it's prepared to go down!!!
Also guys, I follow NEO and I entry right now in the market price to sell NEO. I prove to sell 50 NEO lots because on my first plattform in Prime XBT I was divided my money capital that I generate in the Forex, crypto and commoditie funding in Bitcoin. So, I trade this altcoin.
Neo show another good opportunity in medium to long-termWe see that NEO is into this accumulation zone yet, and we could to prove to buy more NEO when the price reach the 0.618% of Fibonaci, in the price of $!2.32 USD. Also, as I see, we see that NEO showing us a good opportunity to shorting this cryptocurrency!!!
It's a good opporutity
Did you know, NEO is my top #5 crypto and it's one of my favorite crytpo to find out cryptocurrency signal. Also guy, I use the Phemex crypto-broker to trade and accumulate altcoins for the next bull run. I like to trade cryptocurrency and find out goods opportunity making trading as investments!!!
NEOUSD & *Completed* Wyckoff AccumulationBackground:
This is continuation of this post in which we explore the Alt Coin Market Cap showing signs of Wyckoffian accumulation. Please review this chart work first.
Chart Analysis:
It appears that NEOUSD, the 20th largest crypto coin by market cap, has recently completed Wyckoff Accumulation and is currently undergoing a Wyckoffian SOS or "Sign of Strength". If accurate, this would indicate that the Composite Man, the marionettist of macro markets, is leaving the accumulation phase and beginning his macro markup campaign. This is particularly exciting since the last time we saw a similar macro example was in 2015 with BTCUSD where it made a ~100X return from the accumulated lows. Something similar here would suggest ~$400 NEOUSD at the end of the upcoming bull run.
Note: A return to the prior trade range ($15.50 or below) would disqualify this setup as shown. More consolidation would be needed before a macro pattern could be identified.
NEOBTC, The most clear entry point!If the price will approach the Support zone sharply we should look for an accurate Buy entry above it.
It falls a lot of time and the correction can be huge!
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Before to trade my ideas make your own analysis.
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
Neo NEOUSDT - Bearish Head and Shoulders (Daily)- Massive head and shoulders pattern is currently forming on Daily chart
- The main Trend line is also broken on LOG chart
- The price is below 20 moving average
- This formation is bearish and we can expect lower prices in the future - my target is around 10 USD
- If you use Volume Profile (Fixed range), you can see a good support level around 10 USD (Point of Control)
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NEO/USD formation and potential tradesHello, Traders!
NEO has seen interesting price action since September, showing little correlation towards the rest of the cryptocurrency market, particularly at the end of September. Since the September peak when NEO reached nearly $26 USD, NEO has seen a 30% price decrease.
From the mini-run seen at the start of the year, NEO was unable to break the $17.5USD resistance level. NEO bounced off it and headed towards $4 USD. From August the $17.5 USD level has acted as support four times, showing the current strength of this level and the unlikelihood that NEO will fall below $17.5 USD
The recent descending wedge breakout from NEO has clearly occurred. However it has been followed by a period of sideways trading. The likelihood of this being a true breakout is high. This is due to the number of confirmation points being high (6), on the downwards resistance line from the descending wedge.
NEO is currently sideways trading, as shown below with the green box. If this box is broken above (which seems most likely) the next level which NEO will be aiming for is $20 USD.
In conclusion the indicators for NEO are bullish. According to the indicators this means that NEO is unlikely to fall below the $17.5 USD level. NEOs next stop is $24USD in a bullish scenario, while in a bearish scenario expect NEO to hit just over $14 USD.
Watch out for the market and good luck!