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Neousd

NEO Can Target $32-45 If It Breaks This ResistanceWell well well...look who's made a comeback? NEO has been one of my favorite cryptocurrencies since I first started learning about this insane market. I almost FOMO'd into it when it was above $130, but I held off. A year ago, I made a post about why I expected single digit NEO if the $13-16 area broke down (linked at bottom). That played out beautifully, and I was able to scoop up some in the single digits. I also posted an analysis suggesting that NEO had found bottom just below $6. NEO actually then had an impressive run, all the way up to the $20 area, where it peaked in June, ultimately breaking down from the ascending broadening pattern (red). What's especially interesting is that NEO is currently finding resistance in a VERY obvious location. Why so obvious? Just look at the ridiculous intersection of important trends. We have the red broken channel support from earlier this year. We have a major multi-year pivot area in the $13 zone, and then we also have the descending resistance from the all-time high (orange) AND the 200d MA (around $10.95 currently). I don't think I've ever seen a confluence of resistances like this. Often when trends align like this, it can produce a powerful move. Look what happened with Bitcoin this past week. Its moving averages were all moving closer and closer together, indicating that the market is finding a "fair price" and that a long term direction will need to be picked soon. Unfortunately, I assumed NEO could test the $30 area earlier this year, but instead most altcoins have ventured down to test zones closer to their bear market lows. Most have held these levels (like NEO), while others have not (like XLM and GVT). Right now, I'm not saying NEO will DEFINITELY get up to $32-45 on a major breakout. It will need to tackle this major confluence of resistances first. The longer this takes to play out, I think the harder it will be. The market can of course take its time. This doesn't have to happen immediately, or at all. But if NEO does break out and make it to my initial targets, it should tell us that alts have indeed been in a second bottom accumulation phase, much like Bitcoin's 2015 bear market. A mark up for NEO to the $32-45 zone would be the first major higher high, and would signal that accumulation has ended for promising cryptocurrencies. Why do I list $32-45 as my target zone? This is where the 100 week Moving Average is, and $45 is also a very important area for NEO, as you can see on my chart. I think if we see a bit of a blow-off for NEO's initial impulse up, it is likely to get stopped in that price range. I will actually look to finally take some profit from my $6 entry and perhaps set up for a larger swing trade. Further targets are also listed on this chart. I left some room here as well, in case it's about to begin an even larger move up to target $1000+ prices. This is not financial advice. This analysis is purely my opinion based on what I'm seeing and my own sentiment. I just wanted to post an update on NEO since it's been a while, and it's finally showing some life. It has some serious obstacles to overcome though. If it can't overcome the bear market downtrend, it may just be in an enormous wedge, and it can head to new lows if the market cannot get going within the next several months. -Victor Cobra
NLong
by VictorCobra
10
NEO - Continuation higher expected.Trade Idea - We look to Buy at 9.9650 Broken out of the wedge formation to the upside. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. After strong buying pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the upper half of the previous day’s range. Bespoke support is located at 9.965. Expect trading to remain mixed and volatile. Stop: 9.050 Target 1: 16.50 Trget 2: 17.00 Join us in our new Crypto Telegram channel - t.me
BINANCE:NEOUSDLong
by Signal_Centre
NED SHORT in Shortterm TradeHello to all watching my charts. NEO has nearly double but now in a pullback phase has fallen below major support level at 11.23 and is now in short mode ONLY in SHORTTIME VIEW Now we can have an eye on the rendline whether it breaks also for a bigger pullback or whether it holds to have a only shorttime pullback. In longer view we are in LONG mode. but in the shortime VIEW of NEO in the 1 HR chart it looks SHORT. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do your own research - Renkotrade
BITFINEX:NEOUSDShort
by Renkotrade
NEO: 100% profit per week !Hello, Traders! Monfex is at your service and today we overview NEO/USD . There is a big bearish divergence that can pull the price to the red horizontal support line. But there are also two bullish divergences, which are stronger with this trend movement. Watch our previous signals by NEO/USD and NEO/BTC below! The support zone ~ $10.36 Active Trade Signal by NEO/USD Buy near $11.20 Take profit ~ $14.70 Stop loss at $10.23 Market Cap $826 094 818 USD Volume (24h) $1 327 328 684 USD Circulating Supply 70 538 831 NEO Share your thoughts, ideas about the market under the chart. GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:NEOUSD
by Monfex_UK
NEO more than 50% profit in BTCHello, Traders! Monfex is at your service and today we overview NEO/BTC, log scale . NEO is in the falling bullish wedge and has MA100 near resistance line. It's with a bullish divergence by RSI. Support, buy zone ~ 0,000850 Target zone ~ 0,001500 Stop lose - 0,000820 Almost 2X in this trade. Breakout of the resistance line will be the best confirmation of this idea! Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Long
by Monfex_UK
NEO's close to Loss of value Or not, take a look at this chart!Hi, dear Traders! Monfex is at your service and today we overview NEO/USD . We obviously see the triangle formation which locally is in the bearish trend. Breakout of the triangle's support or resistance lines will be first sign for some actions( buy or sell) , but for a more confidence we need to act by breakout the key levels. The great volumes that are also like a support level for a price with the support line of the triangle can be a salvation from the fall. Share your thoughts, ideas about the market under the chart. Stay with me and you will get in time signals for NEO/USD GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:NEOUSD
by Monfex_UK
NEO is going to test $7 !Hello, Traders! Monfex is at your service and today we overview NEO/USD . NEO broke the triangle and has already tested the ex-support of this triangle and it's near the resistance zone and MA200. There is a downward movement globally, the bears control a situation. Stoch RSI has a bearish div and going down to oversold zone. The local support ~ $ 7.30 The great support zone ~ $ 7 - 6.85 NEO has two scenarios: breakout the support zone with target below $ 6 - breakout the resistance zone with target more then $ 8 + Market Cap $522 507 926 USD Volume (24h) $230 924 554 USD Circulating Supply 70 538 831 NEO Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:NEOUSDShort
by Monfex_UK
NEO / USDT (Binance) = Pump Altcoins (BTC dominance down)NEO / USDT (Binance) = Pump Altcoins (BTC dominance down) NEO is actively buying and entering good volumes today. The coin held on to support; a downward wedge was broken - a bullish figure. This coin has good growth potential. This deal is 2 to 1 BTC Dominance (Jan 2016) = Monthly Chart BTC Dominance (Current = Monthly Chart) What happens on the Bitcoin dominance index? He is slowly decreasing and you and I looked at a similar situation on the monthly chart as it was in January 2016. I look forward to a further decline and rapid growth of altcoins in the next 2 months to the pairs of bitcoin. Current mark = 67.95% I expect to reach mark = 54.00%
Long
by UnknownUnicorn285026
2
NEO / BTC Falling Wedge. Lateral movement inside the wedge 50/50NEO / BTC Falling Wedge. Lateral movement inside the wedge. 50/50 I see everywhere a lot of NEO signals give a big increase .... I wouldn’t enter a deal in growth now. Now the situation of uncertainty is 50/50. ______________________________________________________ You need to wait until the price drops to the lower trend descending wedge, and then wrest the movement of growth inside the wedge from the trend. Or wait until the price rises to the upper border of the wedge, breaks it, consolidates above the downtrend. Then there will be confirmation of a bullish turn. ______________________________________________________ Please note how the trading idea about this downtrend coin, published 7 months ago, worked well.
by SpartaBTC
2
NEO/BTC worth a look - Bullish reversal situation QuantRsi 1DAt first glance this NEO chart looks like consolidation with dwindling volume, however the QuantRsi and Heffae Cloud indicators paint a potential bullish scenario. First there is the Daily cloud entry, which is a sign of bullish reversal. The inter-cloud paths still pose a threat of heavy resistance, but historically, high timeframe cloud entries like the one here can lead to bullish reversals more often than not. Second, the QuantRsi has an inverted HnS chart pattern with a clear step above neckline. These QuantRsi chart patterns often lead price reversal. Third, the QuantRsi trendline that forms a triangle of sorts has crossed, but without confirmation. The prior candles that did cross failed the re-test, as well as Sept 17th rejecting off the daily cloud. I plan on buying a retest of the QuantRsi trend, with a stop below the daily cloud bottom. This is a perfect storm for bullish reversal. First takeprofit / re-evaluation level is at the top of the daily cloud around .00103 Apologies for the botched title screenshot, the way TradingView handles chart preview for published ideas is abysmal
Long
by SNOW_CITY
Huge jump for NEOBINANCE:NEOUSDT well as we can see we have an acending triangle on a falling wedge this might give us a 30% momentum in profit we have a beautiful support on the 7- 7.2 area and also a huge resistance on 7.850 the tiangle is getting thinner both falling wedge and acsending triangle hope we see a break out soon targets are shown as 10 - 12.5 - 17 stop loss around 5% of your buy recommending to around 7.2 but if u wanna make sure it goes up buy it after the 7.850 is broken
Short
by ahivo
3