NEO in a Bullish pattern! 📈Hey, I am back with another Analysis, this time looking at NEO.
So a week ago I made a big analysis on NEO/USDT
Where I have stated that when NEO Breaks 20$, it should be a ride up to around $30 before first good correction.
So the price have broken the $20 level, and it's still breaking out.
I am in since 18.5$.
Currently the price of NEO is in a falling wedge which is a bullish pattern.
Indicators.
EMA's = Uptrend.
RSI = Found bottom
MACD = Seen strong and currently is in weak selling wave.
There can a retest of $20 which would be the tip of the wedge.
Good luck with this trade! First resistance is $23.
Cheers,
Tibor
Neousd
NEO: Testing Resistance. Looking to go Higher?NEO has been on a subtle, yet powerful upward movement in the price for the past few months. With $20 being a major psychological level and Fibonacci levels acting as clear support/resistance, this set-up is interesting.
Look for a breakout of the $21 level leading to higher highs. If rejected look for lower FIb levels as support zones. 80/20 trade.
Of course, Bitcoin is king and must be respected/watched. If BTC continues to show strength NEO's breakout odds increase & vice-versa.
NEO Has Potential to make over 150% Profits! In Depth Analysis.Hey, I am back with another Analysis, but this in more depth looking at NEO/USDT .
So as you may know, many altcoins are breaking out as we are currently in the alternative coins season.
But, do you know how to enter, or spot the breakout before it happens?
Cryptocurrencies makes this very simple in the alt season.
Why you ask? Let me explain.
The alpha and omega of catching a breakout in alt season is for the price to break major resistance area, or even be testing because currently there resistance areas are very likely to be broken. So you can either buy the breakout, or buy in the resistance area.
The reason alts are going so crazy right now is because of Bitcoin's high dominance that is seeing a correction.
Just look at any xxx/BTC chart and you will see how much they are undervalued.
Let's for example look at ICX , the chart looks very much alike NEO chart.
The price has broken resistance level of 0.4380$ and price has popped like crazy! This is a thing you have to search for in charts these days, not fomoing into a Coin that has already seen over 50% move..
Another example, VET.
I could find way more coins that have made similar breakout, but that's not the point here, look on BAT on yourself and try to spot the resistance area and breakout.
I hope you understand my point, now let's continue with NEO.
4H time frame
As you can see, we have a lot of bullish confirmations such as.
- Riding a 50 EMA
- Bullish divergence
- Strong uptrend channel with volume..
Daily time frame has also a bullish divergence and RSI made a higher low also!
And now looking at current chart, weekly.
Again, very bullish RSI, MACD and a possible Elliott wave indicating a 150% move!
And that's it, don't forget to follow not to miss on updates and future Crypto analysis, there will be much more in this Alt coins season!
Cheers,
Tibor
NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
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.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
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 70.
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ForecastCity English Support Team ❤️
NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
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.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
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 70.
❤️ 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!
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💎 Want us to help you become a better Forex trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
NEO-USDT: First HH after a very long downtrendHello,
Keep eye on NEO chart, after the break from a symmetrical triangle NEO has been moving very nicely. If we get close above 18.2 $ today then it will confirm a HH after a long downtrend, from here we need to look out for a HL to catch the next move up.
I will be watching recently created support line (green) for possible HL targets.
If you are interested then do check out my previous NEO analysis, which could have got you in this up move earlier.
Happy and safe trading...
Chao...
NEO - RSI shows dump or pump...which way will NEO go?On this weekly chart for NEO, we can see NEO has broken above the thick red resistance line.
NEO is at time of this post is above the EMA100 (purple line) and on it's way to $20.86 where we have some heavy resistance.
If NEO breaks above this yellow resistance line at $20.86 we could see NEO get to $30 in no time.
On the LMACD you can see that since Jan 2019, yes 2019 not 2020, that buying has been happening with not much selling happening as you can see by the blue and red bars on the LMACD. The lime green trendline shows a huge bullish divergence that could catapult NEO to some huge gains. LMACD now above 0 on the weekly chart.
On the other hand, on this daily chart below for NEO we can see a dangerous position NEO is currently in on the daily RSI.
The grey down arrows show when the RSI hit 80 you could short NEO and be in profit every single time. We are now around 80 on the RSI on the daily chart. With all this bullish momentum in the crypto space, is it a wise move to short? Maybe a better move is to long and if it dips, add to the long.
Happy trading legends!
HTBB
NEOUSD D2: NICE Accumulation / BEST level to BUY 100%+ gains NEWWhy get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
NEOUSD D2: NICE Accumulation // BEST level to BUY 100%+ gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD 2days/candle chart review/outlook
::: 850+ days long accumulation
::: overall strong chart looks good
::: currently more upside 20 USD
::: short-term target is 20 USD
::: 20 USD is heavy resistance
::: accumulation range highs
::: confirmed horizontal resistance
::: expecting pullback after 20 USD
::: get ready to buy later after pullback
::: best reload BULLS (later) is 14/16 USD
::: final TP BULLS is 32 USD
::: recommended strategy: BUY LOW into pullback
::: near 14/16 USD best RELOAD BULLS
::: TP BULLS 1000%+ gains BUY/HOLD
::: SWING TRADE setup do not
::: expect miracle/fast gains here!
::: just buy low and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: PULLBACK/DIPS
NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1 : 1Trade Setup summary:
Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1
Current Status:
Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235
Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
❤️ 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1:1Trade Setup summary:
Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1
Current Status:
Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235
Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
❤️ 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️