NEO/USD Wedge Pattern Breakout OpportunityOverview:
NEO/USD is currently forming a wedge pattern, indicating a potential breakout opportunity. This pattern suggests a period of consolidation and uncertainty in the market.
Breakout Potential:
A breakout from the wedge pattern could signal significant price movements. Traders should watch for confirmation through increased volume and decisive price action before entering positions.
Entry Strategy:
Traders may consider entering:
- Long Position: Above the upper trend line with confirmation of bullish momentum.
- Short Position: Below the lower trend line with confirmation of bearish momentum.
Risk Management:
Implement strict risk management measures, including stop-loss orders and proper position sizing, to mitigate potential losses.
Conclusion:
The wedge pattern in NEO/USD presents a trading opportunity for vigilant traders. By monitoring price action and volume dynamics, traders can identify entry points while managing risk effectively. Caution and adherence to risk management principles are essential in navigating the forex market's volatility.
Neousdforecast
NEO price started to rise late, do you believe it will continue?At the end of the current growth wave, wake up another "ether killer" from China, NEO
But something went wrong. After setting a high near $198 in 2018 based on "loud statements and promises," NEOUSDT price has not been able to update it for 5 years.
Now, the NEOUSD price has hit the bottom of the strong liquidity zone of $15-20 , which, in our opinion, will be very difficult to pass the first time up.
A correction to the $9-10 range looks more likely in order to gain more strength there for a break-up $20 and continue to move up, at least to $37
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NEOUSDT, We impacted to resistance zoneHello everybody
We hope that anyone took profit from the market and be happy in these of ranging price.
According to the chart as you can see we have resistance zone that the price impacted to it in more time and at this time we again impacted to it and now at this time we have reverse hammer and evening star but we need to see the close of this candle and if this candle will close in reverse hammer type with powerful body that makes that pattern we can take short position.
If you wanna use this analysis you can also use lower time frame to take trigger for entrance and have smaller stop loss.
Dont forget use stop loss and observe to capital management as you can see we put it but at first if you have any strategy for trading use it if you dont have you can use what we shown on chart .
Previous analysis :
If you have any question send us messages
Good Luck
Abtin
NEOUSDT , We are near important supportHello guys
In here according that we shown on chart the trend is downward and we have new breakwave
The breakwave made and now we need to have some correction of this fall then we can take short position
Maybe the price can go more up but the important things is the trend downward and only we should take sell position
Previous analysis :
Dont forget guys use stop loss and attention to money management
Good Luck
Abtin
NEOUSDT is testing the important resistance area After very long time accumulation NEOUSDT started to move with the old big coins like EOS, ETC, LTC, DASH etc... THe first test spot point was 48usdt and passed with the market movement. But from other hand NEO is still weak as NEOBTC. Now price has to surge 53.50 -54 usdt spot and next targets will be as on the graph. ( 67 usd and will move easily to 104 usd)
Neo- Towards 75 resistance zone?October was a month of range trading for Neo, with the price trading between 37 zone support and 47 zone resistance.
At this point, the coin is building up momentum for a break and a close above resistance should accelerate gains towards the 75usd zone
On the other hand, a drop under 37 would be bearish and can lead to a new local low around 20usd.
I'm bullish on this coin and I will look to buy for a trade with a good R:R
NEOUSDT , Chart is talking to us :D :D :DGood mornig everybody
I hoped that last week everyone get profit from the markets
In here we have one the amazing chart , because of the breakwave of it
In dynamic resistance , we broke the trendline and we pullbacked to it but in static resistance we are making the downward trend and we expect that the price can one more time back to the support zone for stop huntering the positions and after that can go for new rally for the new TP
In the buy zone we should check the chart in multi-time frame and at first we should take signal then we can buy and take long position until the targets reach
BECAREFUL , One the prediction on chart is the price can come near the stop loss and suddenly can touch it and activate the SL buy the analysis is valid and we are ready to find another situation for entrance and take position and buy on chart ,
Dont forget stop loss and money management
Good Luck
Abtin
NEOUSDT long ideaPrice is getting reaction from both from rising support and flat resistance area ( at 48.xx levels). seems it will brake above the resistance and will move to the next resistance area 53.xx usd level. if we pass 53.xx level and stay over it, 100usd or more will come easily. So we can see parabolic rising over 53-54 usd
NEOUSDT it must break through the resistance 63.22-66.76To be sure of getting a return on their investment, buyers should wait until the market has broken the resistance at 63.22 - 66.76. Once the resistance is broken, then there are no barriers and nothing to hold it back, only one way and that is towards the sky, I even believe that Neo will reach 114usd by 2021.
24h Volume: $504,090,448 and the Mkt Cap: $3,880,470,592 it is about 10% which means that there is a lot of demand for the coin. and will eventually mean that the price will rise significantly.
Previous analysis:
NEO 12h Where is it better to buy in long?We lost sight of NEOUSDT, it turns out that the last time we published the idea was 2.5 months ago.
But the previous idea worked very well , exceeding our goals. A maximum of $141
And then there was a fall, clearly on levels, look at the preliminary idea, and you will see everything for yourself.
On the recent fall, the $28 level received the status of a strong mirror level, since it previously served as a strong resistance, and now coped with the role of support.
For the next few days, it is necessary that the level of $28 once again adequately withstands the blow from above and an aggressive buyout of buyers begins. In this case, we can safely expect the NEO price to rise to $60 , to begin with.
If the level of $28 does not withstand the pressure of sellers, then the price NEOUSD will drop below, and then long positions will take from $20 and above.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
NEO 12h Are we going to continue to grow to $100?Almost 2 months, since the publication of the previous idea, have not looked towards NEO
However, over the weekend, there was a notification that the NEOUSDT price reached the target from the previous idea, which means that we need to update our thoughts.
As can be seen from the previous idea, after an uncertain growth, the NEOUSDT price was expected to fall sharply, but t he $35.5 level fulfilled its role of support. The level was broken three times by false breakouts, most likely on liquidation of margin positions, however, interested players closed the bodies of Japanese candlesticks above the critical level to preserve the long sentiment.
And although we do not consider ourselves in the cohort of long-term holders of various projects, patient investors could fix the first good profit on NEOUSD
Now the most probable are 2 scenarios:
1. Slight correction above $60 and continued rapid growth to $95
2. A deeper correction can give a tasty price for buying long, but the target from above will be a little more modest $85
Share in the comments the fundamental news that can help the coin's growth
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
NEO 12h Who want movement +50%, swoop in)A month has passed since the publication of the previous idea of NEOUSDT. A month was enough for NEO to make x2 to the cost and get to the goal from the previous idea, check it out.
We wrote that the ideal purchase of NEOUSD would be $17.50, but buyers did not let the price drop below $20, we also had such a level, and is on the chart. From where the NEO price was driven up without stopping to the upper sales zone of $ 44-46, a maximum $47.44
Now it looks like the NEOUSDT price is consolidating under the $44-46 zone and is preparing to break it up . Fixing the price above this zone will give the green light for growth to the next zone of $61-63, which is a +50% movement.
By the way, in two days we took such a movement on BNBUSDT, please rate it.
A negative scenario for the development of events may become active if the price drops below $35.5
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
NEOUSDT 1D-TIMEFRAME ANALYSIS✨NEOUSDT 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the NEO BLOCKCHAIN
My idea is that the pair will go higher
Breakthrough the R1 is key
The first target is 65 Dollar
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰