Neousd
Will Morpheus Give NEO the Green or Red Pill? 💊 | NEO ($NEO)😎 With a major health tracking project and the Neo3 upgrade on the way, the news is decent enough for the "Chinese Ethereum" AKA NEO. Meanwhile, with the general strength in crypto as a whole, NEO has plenty of room to run if it can keep up momentum. With that said, we don't have any clear setup here, so let's simply take a look at some key levels for the bulls, bears, and undecided to watch as price action plays out.
Resistance:
R1 is the range high plus a bearish orderblock and is the first point of resistance to contend with here. The R2 bearish orderblock was formed back from the drop in March and also contains the dead cat bounce failed swing high. Lastly and most importantly, the R3 bearish S/R flip and orderblock cluster is a minor price pivot point that will almost certainly see a reaction if and when price gets there.
Support:
To the downside we have S1 support which is a major price pivot point consisting of various order blocks and S/R flips throughout the chart. Meanwhile, we have the S2 bullish orderblock as a backup support if S1 doesn't hold. While there are multiple other orderblocks and S/R flips lower from S1 we feel that the price is likely to loss its uptrend and such we don't wanna call any knife catching levels as we only trade trend continuation.
Outlook:
A logical path for price is what we have marked as bullish continuation, where we move up along the upper trend line reacting to key levels along the way. Note here that we feel the trend line is valid as price frequently reacts to it, despite price breaching above it once. Lastly, while a bullish move is likely, we have just seen the previous range high run (wicked above and quickly retraced below), this could be a long liquidity hunt so downside is certainly not impossible here.
Summary:
While a long play here makes sense, we will err on the safe side and continue to watch these levels for a clearer setup as the larger overall crypto market may have a heavy handed impact on NEO at this point.
Resource: neonewstoday.com + www.newsbtc.com + cryptoslate.com
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$NEOUSD | Time for next big wave? $NEOUSD | Time for next big wave?
Hello friends,
After a few hectic weeks due to the coronavirus, I am back with some analyzes.
First of all i will say that performance out of the past not gives any garranty for the future.
Currently we see some upside movement on $BTC. Also some altcoins are already exploding a little bit like ZILLIQA.
We are currently in Bitcoin's halving and will start moving slowly upwards from now on. Still, I think the ALTS can give the first blow if levels are broken.
This NEO prediction is long term. And I just want to emphasize that I don't think $ 700 NEO is possible this year. I put the pattern here purely because it is POSSIBLE. But that we will get a new ATH someday I am convinced with this great project. Maybe we will be surprised again what we will get for gains this year.
I definitely see a $ 1000 NEO in 2021/2022 so let's keep a close eye on it.
Good luck!
FOLLOW & LIKE. (Leave your long term charts!)
neousdbought some, weekly ema55 is getting horizontal and previous weeks always touched to that line
this time possible to eliminate it
NEO Longer term Elliot wave countHere i have depicted my longer term elliot wave count based on the structure we are seeing and the reaction off the lows. There is a count to say we are getting an impulse off the lows. Again this to me will only be as a result of a C wave and do see us putting in a final low before seeing the true bull run commence.
RINSE AND REPEATThis is the pattern I expect to see in the next few weeks. Just an opinion. bitcoin would appear to be obviously bullish, but trading in an obvious fashion and taking trades that are too obvious, is often costly. I do believe the uptrend is strong, but, I think there will be a violent shakeout before price begins reaching new highs.
Good luck traders!
NEO broke strong as we said in previous analysisNeo is at the moment in very good shape also with bitcoin because as we can see whole crypto market is correlated at the moment. But the difference is that we can see on the chart (daily closing is important), neo is LEADING at the moment versus Bitcoin. So that means, even if bitcoin hold position over weekend, Neo will blow this chart to targets we draw in out previous analysis by neousd chart.
From weekly closing we are still in Lower Low range position, but at the moment, neobtc retracement from buyers higher low maintained enough strong, plus the last candle on daily giving us a good signal.
Correlation is proved*
neobtc
For continuation we have to wait for weekly closing to get more info about managing upcomings.
At the moment; neousd strong buy signal;
If you agree give us feedbacks
Elitefxacademy
#neousd decision momentDecision moment in $ neo;
1) Decrease unless the red resistance is exceeded,
2) If the red resistance is passed, the yellow resistance decision point,
3) If the yellow resistance cannot be exceeded, decrease
4) If yellow resistance is exceeded, an increase can be mentioned.
Red resistance (Red area)
Yellow resistance (Yellow area)
NEOUSD weekly 90% gains BUY NOW(NEW)before we kick start the update. your upvotes/subs
are appreciated.
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So without further due. Keep it short/simple and to the
point.
NEOUSD weekly 90% gains BUY NOW(NEW)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill.
at all times please use a stop loss.
NEOUSD weekly (Finex), XABCD setup, 90% gains
from current price. Recommended strategy:
market BUY now TP is +50% gains.
good luck traders.
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NEOUSD is about to run - around 30% profits in few daysMany indicators are showing an imminent bullish movement. Stochastic is about to reverse, Parallel channel will not resist the upcoming movement and the weekly indicators are all bullish.
You can see our target in the graphics. Be carefull and protect yourself with stoploss.
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Good Luck
NEOUSDPossible short. Price is below the kumo (cloud) and the chikou spanis (orange line) is below kumo - once price closes below the kijun sen (light pink line)and the kenkan sen (pale blue line) and RSI has turned red and is moving below middle blue line, open a short. Use support lines to take profit and look for change of trend momentum. Not advice.
NEO broke out from bullish pennant. Now time for a retest!Oh NEO how did I miss you. I tried to short you in the middle of the rally and that did not work out well. The trend is clearly up and looks like alts are ready to run. NEO already made considerable gains and now it looks like it is coming back to test this pennant and that would be good time to reload.
NEO W bottom -- Breakout short TP- midI’m swamped with errands today so I’m going to have to forgo the oped for this publication. Sorry folks.
W Bottom spotted which led to breakout & higher high retesting as we speak.
In the meantime enjoy the signal; I have always loved NEO — going back to when I first began really getting in the ‘blockchain honeymoon zone/phase’ as I read the whitepaper and roadmap I knew then and there that NEO = to the east what ETH = to the west...but I digress. :)
TP1-2 green horizontals
Red horizontal stop limit (imperative)
Time: I don’t expect this to be longer than a short but I’m keeping it neutral as HODLing for a bit won’t exactly be a high risk type situation and from a cost benefit analysis (most def) worth it; ASSUMING U ALWAYS HAVE YOUR STOP LOSSES ACTIVE.
that’s all.
Peace & Love
@a1mtarabichi
P.S. RVNBTC forming a wedge that’s looking ready to tee up for a parabolic run.
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
NEOBTC Rising Wedge With Scalping Opportunities [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
There's two ways you can trade a rising wedge. You can wait for the breakout and trade the volatility that follows with it, or you can scalp the inner part of the pattern for as long as it holds. Since the whole market is very involatile at the moment, I believe today is a better moment to scalp the inside of the wedge.
On the chart you can see an example of how the price could oscillate, put your buys near the bottom of the support line and the take profit near the top of the resistance line.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Fibonacci wavesTesting to see if 1.618 follows a bullish trend that was previously seen within the ring of the Fibonacci circle, hence creating the wave.
Here is my original analysis for Fib Waves which is still underway
I believe we will see a repeat bullish momentum throughout the fib ring.
Not much of an analysis for NEO but here we are.