NEOUSDT: Buying a pullbackLonged Chinese Ethereum targeting resistance ~ $13
If you take a look on the chart you'll see that NEOUSDT is very often has a buyback on a daily from the current zone ($10.5 - $11).
Information is just for educational purposes, never financial advice. Always do your own research.
Neousd
NEO Symmetrical Triangles?A symmetrical triangle has formed between trendlines on the NEOUSD pair. This is a bullish symmetrical triangle as the first impulse wave was bullish which upon breakout of the triangle will lead to a second wave. A few H&S patterns can also be identified but I haven't listed these as their impact on daily charts is minimal.
NEO/USD | Trade Idea | Swing Long In this Trade, we can see Neo on NEO/USD pair found a temp bottom and bounced. From previous S/R, this price point will play a crucial role. I have been holding Neo for long term, this is a trade setup I might take.
In the Next few hours or days, if Neo can find support from $10.50 - $11 and not break under but a retest bounce, we will see Neo go above $14-16 retesting Resistance again, can take a month to play out.
NEO Up 63% in less than a monthBeen watching NEO very closely as we believe it has a lot of room to run. It's up 63% since it bounce off the 200ma on the daily chart and it just got a golden cross.
We're going to keep this position open until we see any bearish signs.
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NEO may need to back off in short term, before power gain.NEO may go some downward to 13,400 - 12,000 area before upward. Actually NEO in bullish trend. But 2 levels need to watch for buy points, for my opinion.
1st, if price down to 13,400 - 12,000 area - which is EMA's give support - I will follow the attitude of the area. If this area make supportive attitude, someone can buy.
2nd, if price breaks up 16,750 resistance level, someone can aim 19,750.
And general view is NEO in a cup or cup-handle formation. So in long term, we can watch for 32,700.
NEO -- Take a SIP to $18I am a budding FOREX/ CRYPTO trader, with much of my experience coming from trading CRYPTO markets since 2016. In my Full Trade Setups I provide the Market sentiment, Entry Strategies, Stop Loss and Target Points for the Category of trade I will be posting.
--- FULL TRADE INFO ----
Category : Short Term --- Spot Trade --- ALTCOIN-USD Pair.
Entry : Enter now. Good profit to loss ratio.
Target 1 : $17 (close 70% profit here as its a strong TD sequential ceiling))
Target 2 : $19 (close the trade)
stop loss : Surface of Cup
Market Sentiment : NEO is expanding its influence in US and recent posts show its future plans to work with CZ binance. Not liked by BTC maximalists, but you cant ignore the Chinese markets influence on Crypto.
--- END ---
Discussion : If BTC behaves next couple of hours, the cup and handle given the good volume should play out its target
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Do your own research. I only post trades I myself take. :) Enjoy.
NEOUSD Elliott Wave Interpretation.Elliott Wave Interpretation.
All levels are based on the termination of wave 3 at 19.25. This is where wave 3 will have travelled 161.8% of the distance travelled in wave 1 and is the most common Fibonacci relationship between wave 1 and 3. Should we break through this level this analysis would no longer be valid.
#NEO | What is next !We notice the formation of a bullish head and shoulders pattern on a daily time frame, and this is a positive thing to push the price higher
But the model will not be completed until after the breakout of the resistance shown in the drawing and the targets will be :
Target 1 : 15.021 $
Target 2 : 15.751 $
Target 3 : 16.686 $
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NEOUSD are we in a huge Adam & EVE bottoming patternThis is not confirmed until we breakout.
There is also a golden cross between the 50ma and 200ma on the daily, this should give us some momentum to break out of these two patterns.
It is plausible that NEO is forming a huge adam & Eve bottom pattern. This is not confirmed yet this is an Idea, but if we break roughly $19.20 things could get interesting.
We are also in a smaller Cup & handle pattern within this pattern, so this will likely let us know if the larger pattern is in play. I would say above $13.20 would put us in a breakout of the smaller Cup & handle Yellow lines are the extrapolated targets.
NEO 32-70-100Let`s Consider the immediate Targets on NEOUSD:
Price:12.5
1st Terget - 32 (160%)
- (On ATR - Yellow Arrow=6.52*4=26.08 Distance)
2nd Target - 70 (480%)
- (On ATR - Yellow Arrow=6.52*10=65.2 Distance)
- (And Fibo 48.7%)
3rd Target - 100 (690%)
- (Fibo 127.2% from local; and 38.2% from global)
ATR Settings I`ll taked is 326 (Day`s from High to Low)
NEOUSD Technical Bullish ChartNEOUSD Now Current Price is $11.66.
Chart say.?
According To Technical Analysis Chart NEOUSD looking very Bullish.
now $13.31 strong Resistance at this Time.
And $10.40 Also Good Support.
in Daily Time frame also Golden crossed happened.
we can enter At every Dip.
Support 1: $10.40
Support 2: $8.56
Support 3: $6.73
Resistance 1: $21
Resistance 2: $31.18
Resistance 3: $43.32
Resistance = Targets
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