Neousd
🎯 In My Dm's Asking for a Request? Here you go! | NEOUSDTBias:
🔞 This is a requested chart done for one of my supporters and simply highlights this current price action structure and how this could continue from this support range up to what is the next nearest resistance ranges to keep in mind. On the flip side if we head down much lower seeing anything lower than S2 would be very detrimental to the current bullish market structure. Stay safe with Alts during this massive Bitcoin volatility.
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1h Support:
S1: This clustering contains two Orderblocks left from the pump that brought us out of that $10 range. This also has one S/R flip which as it would appear has acted as a point of significance assuming this move does find its short term bottom here.
S2: This clustering has two expected S/R flips that are expected to act as a range of significance if we pull back.
1h Resistance:
R1: This range consists of the current S/R flip that we pulled back from, regardless of the next move if we have a move up from here this level is likely to see some kind of reaction to it.
R2: While this range is not Highlighted by Alpha mapping or Directional Bias, we can't win them all, and such I had to manually plot it. Anyways this range may see a reaction if the price is not able to achieve the R3 range in one fell swoop.
R3: This being the most recent significant swing high ensures a reaction here with continued upside price action. To be kept in mind even if you expect a move higher than this level.
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Here are some significant levels of interest on a higher timeframe to at least keep in mind going forward. Anything lower than S2 is a clear bearish signal and should be considered heavily if currently long if and when that occurs.
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NEO/USD: Multiple Levels of AnalysisNEO/USD was requested by my good friend GBU Professor Wally. I apologize I was not quick enough to respond to his Super Chat on Friday afternoon.
I quite like NEO in this area. On the Weekly Timeframe, we are consolidating following a downtrend and now a long period of sideways and volatile ranging. I identify the current formation as a Rectangle Bottom, which I have a high hit rate with in my discretionary trading. Once our weekly resistance level is broken (weekly close above) it will also flip the weekly SuperTrend bullish. I have marked out our measured weekly profit targets.
On the Daily, we are receiving a potential PTP Daily Swing Long Signal. The actual signal would have been generated on yesterday's candle, however we were above the Qualifying Line generated by our Donchian Base Line. Now we have a potential RBB buy in opportunity and price is within our Buy Zone. Good R/R on this setup.
On the hourly, we can see a potential market bottom being signaled. ICYS Bot has generated a buy signal in addition to Vix Fix signaling a high volume potential bottom.
Trade safely and position size wisely, 2% risk is recommended.
Is neo broken the long term downtrend line?Hello, traders.
Is neo broken the long term downtrend line? We don't know yet, but the asset is an interesting forming accumulation pattern in long-term resistance. If we break up, the downward trend of this asset can change, so we must pay close attention to the NEOBTC
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Sandro and Gustavo.
NEOUSD D1: upside limited 20%+ correction UP NEXT(NEW)Why 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 D1: upside limited 20%+ correction UP NEXT(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD daily chart review and outlook
::: not a trade setup / warning only
::: speculative H&S setup / BEARS
::: limited upside from here
::: RS /LS symmetry at 11.45
::: strategy: STAY OUT / SHORT IT
::: nice symmetry and likely leads to correction
::: up to 20%/25% losses next 4-6 weeks
::: so recommend to stay out of this market
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARISH
NEO.BTC (Y20.P3.E1).Compression for a breakoutHi All,
NEO macro chart shows a compression formation ready to break out to the upside, very similar to ETH.BTC.
How to trade this?
Maybe wait for it to break the main trend line resistance and\or the fib. level 0.382 level, before jumping in.
4 HRLY chart
Please give a tick or like for this post.
Cheers,
S.Sari
EW Analysis: NEOUSD Can See A Deeper Corrective DeclineHello traders!
Today we will talk about cryptocurrencies, specifically NEO and its price action from Elliott Wave perspective.
NEOUSD made an impulsive five-wave cycle from March lows, which suggests a bullish reversal at least in three waves A/1 - B/2 - C/3. Since the beginning of June, seems like NEO is making a three-wave a-b-c correction, where wave "c" is still missing. So, don't be surprised if we see another decline towards projected 8.0 - 6.0 support zone around important 61,8% - 78,6% Fibonacci retracement and this is where a higher degree wave B/2 correction may come to an end, which can be followed by strong and impulsive bounce back to highs for wave C/3. In case if we see something deeper and more complex, invalidation level remains at 4.0!
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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.
Don't miss the great buy opportunity in NEOUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9.59874). if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 52.
Take Profits:
TP1= @ 12.55810
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below S2
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Don't miss the great buy opportunity in NEOUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9.59874). if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 52.
Take Profits:
TP1= @ 12.55810
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below S2
❤️ 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 D1: 25% correction UP NEXT / don't get caught up(NEW)Why 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 D1: 25% correction UP NEXT / don't get caught up(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD 2D chart review and outlook
::: not a trade setup / warning only
::: speculative H&S setup / BEARS
::: limited upside from here
::: RS/LS symmetry at 11.45
::: strategy: STAY OUT / SHORT IT
::: nice symmetry and likely leads to correction
::: up to 25% losses next 4-6 weeks
::: so recommend to stay out of this market
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARISH
NEO vs PopulousComparison
Looks like a flag and flagpole
These coins aren't (shouldn't) be correlated at all and still seem to be moving together
NEOUSD 4D: Potential bullish setup 100% gains (SL/TP)(NEW)Why 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 4D: Potential bullish setup 100% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
losses before reversal (BULLS).
🔸 Summary and potential trade setup
::: NEOUSD 4daily chart review
::: Speculative bullish setup
::: more losses short-term
::: 8.00/8.20 reload point bulls
::: 100% gains possible from my level
::: strategy: BUY LOW 8.20
::: TP bulls is +100% gains BUY/HOLD setup
::: buy low near my level and get rewarded
::: TP bulls is 16.00/18.00
::: but reversal soon after from my level
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLISH
NEOUSD: Analysis using Ichimoku 30/06/2020H4
On D1, the cloud is directing downward, indicating a downtrend.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought on H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level at the local price correction.