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Neousd

NEO Coin Formed Very Big Shark Pattern And Ready For Big MoveBig wedge: On weekly chart priceline of Neo coin has formed a wedge and the support of this wedge is at 5.46 dollar. This is really very strong support that is not broken since December 2018. During the recent strong bearish move in the month of March 2020 we have seen that the price action has hit the spike upto $4 but could not break down the support. After placing the volume profile on the complete price action of this wedge as a result we can see that the traders interest is really very low below $6.8 and above $11.70. And the pint of control of volume profile is at $9.30. Therefore when the priceline moved in the area where the traders interest was weak it turned bullish and moved back into the zone where the traders are interested to trade. Oscillators and indicators: After hitting the support of this wedge the stochastic oscillator has given bull cross from the oversold zone and the moving average convergence divergence the MACD indicator was strong bearish but now it is turning bullish and if we see the directional movement then it can be exmaniced that the directional indicator 1+ is moving up to form a bull cross with the directional indicator 1- . Once this bull cross will be formed then the price action can turn more bullish to make an attempt to breakout the resistance of this wedge. Ichimoku cloud: If we see the ichimoku cloud on weekly chart then it can be observed that the bearish cloud is turned very weak at this time. Therefore it will be easy for the priceline to cross up the cloud. And once the pric line of Neo coin will be able to cross of the bearish cloud then it will be really a very big success for the Neo coin because the Neo coin could not cross up the bearish cloud on weekly chart since it is appeared in the history of this asset. The lagging span has entered in the priceline and once it will cross up the candlesticks then it will be another very strong bullish signal. The conversion line has touched the baseline and soon it will also form a complete bull cross then there will be strong chancess that the cloud will be turned bullish and the price action will cross up the ichimoku cloud. And after crossing up the cloud Neo coin can start a really very powerful bullish rally. Very big bullish Shark pattern: Now if we switch to the 2 week chart then it can be easily witness that the price range of NEO coin has completed a bullish shark harmonic patter. And after the completion of this pattern now the price range is moving in the potential reversal zone of this big bullish harmonic pattern. Potential reversal zone is also a buying area and the maximum extent of this potential reversal zone should be used as a stop loss. Now there are strong expectations that as per Fibonacci sequence of the priceline should move up from this area and enter in the Fibonacci projection of C to D leg from 0.382 to 0.786 Fibonacci projection. The buying and sell zones start and end as below: Buy between: $7.49 to $5.84 Sell between: $9.73 to $13.81 But if the price line will breakout the $13.81 barrier then it can turn really very strong bullish coz in that case it will also breakout the wedge resistance. Final thoughts: At this time all signals are turning bullish but soon they will be turned strong bullish because the Neo coin is already getting bounced from the support of wedge. But we should be careful about the stop loss and the support of the wedge or the potential reversal zone of Shark pattern should be used for this purpose.
BITFINEX:NEOUSDLong
by moon333
Neutral on NEO, until... hi @shayyaaneshan, here's the NEO analysis that you requested. NEOUSD has been stuck in a range for 2 years. From $5 to $25. Good news is that current price is testing the downwards trendline and also pushing against the weekly ichimoku cloud (using crypto settings). A rise from current price of about $13 to a closing weekly price of about $15 (or higher) suggests a test of the trading range ($25) and possible continuation all the way up the cloud to $100, a 600% gain. The rise from $15 to $25 seems totally reasonable based on the technicals. We'd have to re-evaluate the chart once it reaches there to assess the breakout to that higher target of $100. MACD and RSI both point up. But until price closes inside the cloud above the downtrend resistance, it could just as easily get pushed down again from current price by bouncing off the bottom of the cloud and getting rejected once again by that downtrend. Until NEOUSD breaks above downtrend resistance and cloud, we're Neutral.
BINANCE:NEOUSD
by Sparkster
1
Will Morpheus Give NEO the Green or Red Pill? 💊 | NEO ($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 ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
by AlphaBotSystem
$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!)
NLong
by Mikki0416
3
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
Long
by EliteFxAcademy
NEOUSD weekly 90% gains BUY NOW(NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -TOP author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates 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. get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
BITFINEX:NEOUSDLong
by ProjectSyndicate
6