NEO turns around. NEOUSDAnd appears to have reached peak of Wave 3 - now looking for a bit of retrace. Still a wave 5 to go and then a bigger retrace. We are moving up, just lagging a bit fractally from some of the other coins. I am putting entries at the deep retrace levels. For the noobs, a) this is not now b) not financial advice.
Neousd
Chinese version of Ethereum- Neo is ready to Pump!!!Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network.
Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and Uniswap all rolled into one. If you don’t know what each of those projects do, don’t worry. Just know Flamingo is built as the first full-stack DeFi services protocol.
According to Flaming Finance, the crypto community was so excited about the platform’s launch that $1.6 billion worth of assets flowed into the network by the end of September. And much of this influx was thanks to Neo’s Poly Network alliance.
The Poly Network is a new protocol alliance formed to facilitate cross-chain transactions between blockchains without needing to issue new tokens. Neo, Ethereum, Ontology, and Cosmos are part of this alliance, and there are plans to add bitcoin as well.
Flamingo’s launch is a massive endeavor in the sense that there is currently no one-stop solution built on top of Ethereum. And Flamingo will be a game-changer for NEO token holders as more assets are pulled from Ethereum to its platform.
NEO/BTC (Daily Bear Flag?)💎Technical Analysis Summary💎
BINANCE: NEOBTC
-After a few days of consolidation within a small range
-NEO is starting to make a move again
-And the direction is going down
-This might be a potential Bear flag confirmation
-If the daily candle closes below its local support area
-The downside target is down to 1300s sat area
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$NEO - Break of Structure - Pullback to a new highLooks like NEO just barely broke the swing high after hitting resistance and bouncing back. Look for a retracement for a long around 16.85. This is a 4 hour chart so you might be able to pull in some good shorts if you find the right setup on a 15 min time frame. Like if you can keep finding patterns like these on the way down, why not sell too?
NEOUSD H16: BEST Level to SHORT IT 30% gains(SL/TP)(NEW) Why get subbed to me on Tradingview?
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NEOUSD H16: BEST Level to SHORT IT 30% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect more upside
before reversal BEARS at 22.00 USD.
🔸 Summary and potential trade setup
::: NEOUSD 16hour chart review/outlook
::: speculative H*S setup in progress
::: requires confirmation
::: LONG/SHORT sequence
::: but lower risk on sell side later
::: RS near 22 USD best level to short it
::: neckline of pattern at 16 USD
::: previously rejected at 25 USD
::: TP BEARS is 30% gains
::: BULLS may buy now, but more risky
::: TP bulls is 22 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 22 USD SL 24USD TP 16USD
::: SWING TRADE: SHORT HIGH near RS
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/16USD
::: Sentiment outlook short-term: BULLS
NEO to see a 13% leg up.NEO - Short term
We look to Buy a break
Price action has formed a bullish ascending triangle formation.
A break of yesterdays high would confirm bullish momentum.
Levels below 18.00 continue to attract buyers.
A move through bespoke resistance at 18.34 and we look for extended gains.
We look for gains to be extended today.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Our profit targets will be 20.34 and 20.98
Resistance: 18.00 / 18.35 / 19.10
Support: 17.65 / 17.40 / 17.00
Signal Centre
NEOUSD: Possible Long (11.10.2020)On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is visually visible.
We recommend buying NEO to keep the position above 26.
NEO approaching golden pocketPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- 35% correction on NEO
- Golden pocket coïncides with 1500 support level
- MACD histogram is beginning to show weakness in the trend
I would wait for a confirmation of the 1500 level. With a tight SL at 1430 sats.
Target 1: 1650
Target 2: 1800
Two FIB levels that fall perfectly together with resistance levels
How do you feel about this trade?
NEO - Double bottom pattern + bullish channelWe are currently moving within this channel, with a very big bounce potential to the upside. There is a previous swing low, established last time and it is very unlikely, that we break this level on the first time. I would target 0.618fib level as a profit target.
If you like this technical analysis , please hit the like button and follow me for more of these ideas!
NEO.BTC (Y20.P4.E1).Macro.Looking when to go longHi All,
I'm going to do a few of these charts today and I'm not afraid to be wrong.
For now, this NEO chart makes sense, based on fib. levels, trend lines and formations.
Its not a trading advice but a means to plan for the shorts and where to go long.
NEO.BTC overview, inverted barr structure
Please give me a like or tick for this post.
Cheers,
S.SAri
ZIL.USDT
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STORJ.USDT, the one that got away, a beautiful bottom setup which I overlooked.
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LINK.USDT
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NEO/BTC (Bearish Pullback?)💎Technical Analysis Summary💎
BINANCE: NEOBTC
-After the dump last September 21, NEO pulled back
-And tested previous support and 50MA
-This area is now turning new resistance
-It is also forming a Bearish rising channel
-Candle body below trendline support will confirm sell
-Downside target is 1600 sat area
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NEO/BTC (Old Support>New Resistance?)💎Technical Analysis Summary💎
BINANCE: NEOBTC
-After the price broke the trendline support
-NEO pulls back to test the old area, it is now turning resistance
-The previous support also coincides with 50ma dynamic zone
-If the Bulls can't pass 2100 sat above and consolidate
-The Bears may enter the market and send the price lower
-The downside key targets is around 1600 sat
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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