There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.5)
Ending of entry zone (6.5)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
Neousd
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.5)
Ending of entry zone (6.5)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
NEO/BTC TA Update (Resume Uptrend?)NEO/BTC
NEO broke the downward trend-line resistance coming from the swing high at 1530 sats area. If the daily candle can close tomorrow bullish, I would expect more upside action to retest the swing high levels.
NEO bounces off 2 times at 200 Day MA acting as dynamic support during its strong pullback. This signals us a potential resume of an uptrend again.
NEO swing long (possible +25-40%)NEO looks very interesting to me. Why?
After that big pump/surge which was caused by the call/news of the Chinese president that China will support Chinese blockchains, NEO with TRX and ONT have followed with a very interesting pump.
Now it is time for re-test these areas and see how bulls are strong (if they are going to add into their basket more NEO for cheaper prices).
You can buy NEO now and target for $11 as a first resistance. If the price will not hold the current level, then I will add or buy again NEO at $7.
This is a clear technical analysis because you do not need it anymore.
NEOUSDT LONG - Swing Trade Strategy by chetraderI share with you the first live signal of my #BTC swing trade strategy and now we start with some alts that can be short in Binance or FTX.
The first signal is this LONG in BINANCE:NEOUSDT .
The results below are from this strategy in NEOUSDT for 2019.
They are based on these signals with a SL of 7% and tp long of 50% tp short 25%.
I will update when the trade is closed with the profits and open a new idea with the next trade.
I will also be sharing the live signals of the pairs:
BINANCE:ADAUSDT
BINANCE:EOSUSDT
BINANCE:ATOMUSDT
BINANCE:LTCUSDT
BINANCE:ALGOUSDT
BINANCE:LINKUSDT
BINANCE:NEOUSDT
BINANCE:ONTUSDT
HUOBI:HTUSDT
HUOBI:BSVUSDT
Many trades to come! Alerts ready!
Follow me to be ready!
Shared and Enjoy!
NEO USDT - Stuck!The price has seen very low volume and it seems that right now the 100-day ema will come down to the price instead of the price pushing up towards it and even breaking through it. We are still stuck in a local range downtrend of about 8.80 - 8.35. If we continue to see low volume, it can definitely be hard to predict either way, however, with very low buy volume and weak bounces that don't reach resistance levels we have to look down more than up at the moment.
The range mentioned 8.80 - 8.35 is the sideways movement if we drop below the $8 mark then again we can look towards the downside. Any movement above $9.40 and we can again start to think for longer-term bullish sentiment. The lower highs have kept on forming on the longer term but we do see that the area of $7.80 acted somewhat as a support as it was a resistance back in October.
Targets on the downside we can look towards TP1 - $7.26 TP2 - $6.79.
Targets on the upside we can look towards TP1 - $10.35 TP2 - $11.20.
Either way trade with caution as we already know Bitcoin forms the trend the rest follow!
EW Analysis: Crypto Is Selling-Off; Btc At 6-7K Sup. ZoneHello traders!
Today we will talk about cryptocurrencies and their current decline.
Let's start with Bitcoin against the ALTs dominance. BTC was losing its dominance against the ALTs since the beginning of September that can be clearly seen in the BTC.D/OTHER.S chart, but as you can see a decline was corrective only in three waves a-b-c, ideally in wave 4, which means that BTC Dominance could be back in the game for wave 5 soon, especially if we consider that strong a=c and base channel resistance line support area.
Due to a lost of BTC dominance, BTCUSD just hit new lows again compared to some other ALTs like NEOUSD and ZRXUSD, which were stronger in the last couple of weeks. However, we still see a corrective W-X-Y structure from the highs on Bitcoin and it's still trading around important 61,8% Fibonacci area, so we would not be surprised if we will see a bounce soon, maybe already here around 7000-6000 support area, especially if we take a look on NEO and ZRX.
In the Crypto market we always have to respect correlations. And what we see is that both, NEO and ZRX can be unfolding pretty clear bullish setup here with a strong five-wave rally away from the lows followed by a three-wave a-b-c corrective pullback that can stop right here around important 61,8% Fibonacci support area and channel support line.
Well, what we want to point out is despite that current sell-off in the Crypto market, we still see limited downside with a strong support levels and potential bullish reversals. Also, if we are right and BTC dominance comes back, then BTC could be the strongest cryptocurrency again, which means that ALTs against the BTC pairs (XXX/BTC) may continue even lower.
This is just how we currently see the Crypto market; Crypto market can see a bounce and a recovery sagain, but only against the USD, while XXX/BTC will stay mostly bearish or sideways.
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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.