Neousd
NEO/USDT (Bearish Channel Confirmed?)💎Technical Analysis Summary💎
BINANCE: NEOUSDT
-NEO broke the rising channel to the downside
-Which by Technical, it is a Bearish pattern most of the time
-We can see an engulfing red candle followed with a big spike in sell volume
-This is a strong indication of the massive amount of NEO sold at the market price
-Well, we know BTC is also breaking to the downside causing Alts to follow down
-But NEO is highly affected or the most weakness against the USDT pair
-If you have a position since the rally from 16 dollars to 25 dollars
-Be sure to take profit and move stop loss at key levels
-If you are looking enter a Buy order, wait for the price to test the major support at the $15 range
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NEO: Classic Bearish Divergence (1W Chart)! 30% Gains Possible.Here we will make a small analysis and look at NEO, one of the biggest gainers of 2020 in the alt coin index. We have witnessed one of the best opportunities to take a short here with a relatively low risk ratio since NEO has already pumped. We can enter the trade anytime here and since it is the weekly, we can expect large profits to be made here with just the RSI divergence being the main factor.
We can expect NEO to be one of the first to be the largest gainers for shorting due to the 500%+ gains throughout a span of 6 months, and we can also expect a drop in the overall market due to the Bitcoin Dominance also rising.
Trade Safe.
X Force.
NEOUSD Third Chance: Profit=203% SL=24% Reward/Risk > 8.4:1Third Chance Trade Setup summary:
Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP6= @ 26.74600 (New)
TP7= @ 31.80547 (New)
TP8= @ 37.11919 (New)
TP9= @ 43.73804 (New)
SL= Break below 21.63000
--------------------------------------------------------------------------------------------------
Status of previous trades:
Total Profit: 485%
Closed trade(s): 399% + 86% = 485% Profit
Open trade(s): 0% Profit
First Buy Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 27.07.2020:
Second Buy Trade Setup:
We opened 2 BUY trade(s) @ 15.65555 based on 'previous Forecast' at 09.07.2020:
First Buy Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
TP4 @ 20.61120 touched at 2020.08.24 with 108% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 146% Profit.
27% + 47% + 71% + 108% + 146% = 399%
Second Buy Closed Profit:
TP4 @ 20.61120 touched at 2020.09.12 with 31% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 55% Profit.
31% + 55% = 86%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
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NEOUSD Third Chance: Profit=203% SL=24% Reward/Risk > 8.4:1Third Chance Trade Setup summary:
Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP6= @ 26.74600 (New)
TP7= @ 31.80547 (New)
TP8= @ 37.11919 (New)
TP9= @ 43.73804 (New)
SL= Break below 21.63000
--------------------------------------------------------------------------------------------------
Status of previous trades:
Total Profit: 485%
Closed trade(s): 399% + 86% = 485% Profit
Open trade(s): 0% Profit
First Buy Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 27.07.2020:
Second Buy Trade Setup:
We opened 2 BUY trade(s) @ 15.65555 based on 'previous Forecast' at 09.07.2020:
First Buy Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
TP4 @ 20.61120 touched at 2020.08.24 with 108% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 146% Profit.
27% + 47% + 71% + 108% + 146% = 399%
Second Buy Closed Profit:
TP4 @ 20.61120 touched at 2020.09.12 with 31% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 55% Profit.
31% + 55% = 86%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Neousdt - Seems Formed A Double Top Pattern Hi to all traders!
If you check the 8-hour timeframe. You can see double top pattern more clearly
Unfortunately i can not share 8-hour timeframe
The chart is clear enough and well explanatory.
IF You Agree Hit The Like Bottom And Support Me.
The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.
NEO/USDT - Potential Cup and Handle in the Making + DeFi launchNEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT - Cup and HandleNEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
Fundamentals also looking great with "Flamingo", a full stack DeFi mint rush, launching on September 23rd. NEO is definately a ticker to keep an eye on in my opinion.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEOUSDT , Short, Head and shouldersThough the head and shoulder pattern is not complete but there are clear bearish divergences.
With BTC ranging this might be time for a correction in neo.
Trading is a game of probabilities. You never know what is going to happen next the best we can do is make a trade when we have the best odds. DYOR.
NEO About to start incre . be ready for the big huge breakout! Depending on the new Data about NEO, it looks a new hype time can be starting soon. this NEO blockchain coin can explode next time to great rage.
Nobody know the future, this 100% Depending on chart study and trends.
I expecting that NEO will become huge next time.
# dont trade with no plan, no stop limit, and dont take this as an advice.
Have good time! NEO
For more updates like/ follow
Thank you
NEOUSD W1: SWING: Accumulation BUT maxed out for now (SL/TP)(NEWWhy get subbed to to me on Tradingview?
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NEOUSD W1: SWING: Accumulation BUT maxed out for now (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD week/candle chart review/outlook
::: long-term accumulation in progress
::: BUT topped out for this cycle already
::: expecting 40-60% correction next few months
::: to complete the sequence
::: before it can finall breakout of the range
::: correction is REQUIRED
::: later we can pump 300%+ from that base
::: but that's not until 2021
::: no upside in 2020 so just SHORT IT
::: recommended strategy: SHORT SELL any rips/rallies
::: TP BEARS on the swing is 40-60% gains
::: SHORT/HOLD setup / swing tarde
::: for patient traders only / no fast gains here
::: only use low leverage don't do gambling here
::: the sequence for the BEARS
::: Just short high and you will get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/SWING/40% GAINS
::: Sentiment outlook short-term: BEARS/CORRECTION