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Neousdlong

NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally. Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of Gartley pattern should be: Potential reversal or buying zone: $ 16.67 to $ 15.26 Fibonacci projection or sell zone: $ 17.77 to $ 20.42 Stop Loss: The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITFINEX:NEOUSDLong
by moon333
1
Neo show another good opportunity in medium to long-termWe see that NEO is into this accumulation zone yet, and we could to prove to buy more NEO when the price reach the 0.618% of Fibonaci, in the price of $!2.32 USD. Also, as I see, we see that NEO showing us a good opportunity to shorting this cryptocurrency!!! It's a good opporutity Did you know, NEO is my top #5 crypto and it's one of my favorite crytpo to find out cryptocurrency signal. Also guy, I use the Phemex crypto-broker to trade and accumulate altcoins for the next bull run. I like to trade cryptocurrency and find out goods opportunity making trading as investments!!!
BINANCE:NEOUSDLong
by harisonhbn9718
2
NEOUSD | A Possible Bullish ReversalHi friends hope you are doing well and welcome to the new update on Neo coin. As the Neo coin has broken down the support of an up channel that was formed on the daily chart same as like the Bitcoin has broken down the channel. In today’s post we will try to understand now what can be happen next whether the price action will move up or move down. Breaking down the channel and a golden cross: As we have already discussed that the priceline of Neo coin has broken down the support of the channel. The formation of this channel was started after the mid of March 2020. On 7th June a golden cross between 50 simple moving average and 200 SMA. This golden cross produced a powerful rally that leaded the price action up to the resistance of the channel. However after making a powerful attempt to break out the resistance the priceline moved back to hit the support of the channel and finally it has broken it down. At this time the price action is breaking down the 50 simple moving average once this moving average will be broken down then Neo can hit the 200 SMA. The golden cross formation is below the price action therefore unless this golden cross will be not changed to the death cross there will be a hope for the bullish reversal of price action. Support and resistance levels: Now if you watch the different support and resistance levels on 2 day chart then it can be observed that after mid of march the price action turned bullish and produced more than 125% rally. And reached at $13 resistance. That is really very strong resistance as it is not broken out since after July 2019. Once the price action broke out this level. But while retesting this resistance as support it was failed. At that time all the markets were moving down. And the Neo coin also moved down with other markets as well. After hitting the last support at $6 it produced more than 125% rally and after breaking out every resistance level it has been retesting the every resistance as support. At this time after hitting the $13 resistance and being rejected it is again dropped at $10 support. If the price action will be not able to retain this support then it can move to the next support at $8. Formation of bullish reversal pattern: Even though the price action has broken down the support of up channel on the daily chart. But at the same time the Neo coin has formed a bullish reversal pattern and that is harmonic BAT. The price action has just spiked into the potential reversal zone. This PRZ starts from $10 up to $9.65. Now we can set our stop loss the maximum extent of this bullish BAT pattern’s PRZ level. Because if the potential reversal zone will be broken down then the priceline move more down to form a bullish Crab’s final leg. Ichimoku cloud: Now at the end of this article I would like to share a very important move of Neo coin that can be appeared in the near future. And that is the ichimoku cloud on the long-term weekly chart. As we can observe that the Neo coin never able to cross up this cloud and now it is continuously making several attempts to break out this cloud. After making the recent attempt it is moving down but we have still lagging span of the ichimoku cloud above the price action that is a bullish signal. And the conversion line is crossing up the baseline just below the price action. That is another bullish signal. Now if the price action will take a powerful bullish divergence from the potential reversal zone of BAT pattern that is formed on the daily chart. Then it might be helpful for the priceline to break out this cloud and once this cloud will be broken out then it will become a very strong support for the long term bullish rally. Conclusion: On weekly chart after hitting the ichimoku cloud the price action is moving down. And it has also broken down the up channel. And it has also formed a bullish reversal pattern. Therefore the unless the potential reversal zone of this BAT pattern will not be broken down we can hope for a powerful bullish reversal from here.
BITFINEX:NEOUSD
by moon333
1
NEOUSD: Analysis using Ichimoku 19/06/2020H4 At D1, the Ichimoku cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1. Conclusion: We recommend buying when the RSI reaches an oversold level on the H4 and selling when the RSI reaches the overbought. H1 At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4. Conclusion: We recommend buying because the price went beyond the downtrend at H4, while the RSI on the H1 has reached the level of oversold. We also recommend selling when the RSI reaches the overbought level on the H1 and H4. Good luck!
BITFINEX:NEOUSDLong
by QubitLife
NEO: Analysis using Ichimoku 06/06/2020H4 A rising channel is visually recognized, the borders of which the price is currently testing. The NEO price is trading on the Ichimoku cloud, indicating the presence of a local correction. RSI is directed towards to level of oversold. Conclusion: We recommend buying from a key support level of Fibonacci 50%. H1 The price is trading below the Ichimoku cloud, indicating the zone of the possible completion of the correction. RSI is overbought, indicating sellers are weak. Conclusion: We recommend buying from a key support level of Fibonacci 50%. Good luck!
BITFINEX:NEOUSDLong
by QubitLife
NEOUSD | A Possible Move To $200Hi friends hope you are doing good and welcome to the new update on Neo coin. In today's article will see how the Neo coin has turned bullish after the formation of very big bullish harmonic pattern. And now what next and how the price action will behave. Big bullish Shark pattern has done its job: In my previous article on NEO that I published on April 2020. I revealed that the price action of Neo coin has formed a very big bullish Shark pattern on two week chart. And the final leg of this pattern was completed in the month of March when the Neo and all other cryptocurrencies even the complete market was facing very strong bearish trend. And this strong bearish rally helped the Neo coin to complete this final leg. And as per Fibonacci sequence of bullish Shark pattern I predicted that because the price action has entered in the Fibonacci retracement 0.886 to 1.13 Fib level. Therefore now the Neo coin will turn bullish from here and it will be entered in the Fibonacci projection of C to D leg from 0.382 to 0.786 Fibonacci projection. And as per prediction that I made on the basis of the Fibonacci sequence of this pattern the price action finally turned bullish and so far it has produced more than 130% bullish rally. SMAs are showing bullish move that can breakout the channel: After starting the bullish move the price action of Neo coin has formed an up channel on the daily chart. And during the movement in this channel we have seen two major attempts by the price action to break out the channel. 1st attempt was made in the second week of May and second attempt was started from the 1st June and even at this time price action is trying to breakout the resistance of the channel. And if we watch the simple moving averages with the time period of 50 and 200 on the same daily chart then we have a very positive move by these moving averages as 50 simple moving average is moving up to form a golden cross with 200 SMA. If this golden cross will be formed then the price action will have a strong support of these two simple moving averages. And this cross can produce more powerful rally that can help the priceline to breakout the resistance of this up channel. Wedge formation and bullish signals by exponential moving averages and Bollinger bands: Now let's switch to the weekly long-term chart. And here it can be easily observed that the price action of Neo has formed very big wege pattern on this weekly char. The formation of this pattern was started from November 2019 and sincethen the price action is not able to break out from this pattern. And this time the price action has again geared up and reached at resistance of the channel to break out. This time we have two major positive signals for the breakout. 1st signal is the bollinger bands is moved above the resistance of this wedge. Therefore this time the priceline will not face the resistance of the bollinger bands as it has been facing previously while making the previous attempts for the breakout from this wedge. And the second positive signal is that a bull cross is formed between the exponential moving averages with the time period of 10 and 21 just beneath the priceline. That can be also very helpful for NEO to breakout from the resistance of the wedge. However if we watch the volume profile of the complete priceline moving within this pattern. Then we have the trader’s interest upto the support and while moving upward the volume profile is showing that trader’s interest is upto $11.5. And at this time the price action is at the area where the trader’s interest is weak, however the support of exponential moving averages and the position of the bollinger bands can help the priceline to break out from the resistance of this wedge. Ichimoku cloud: Now I would like to draw your attentions towards a very important indicator and that is Ichimoku cloud. And on the chart it can be easily seen that the price action never able to break out from this cloud on the weekly chart. From June 2019 we have witnessed several attempts by the priceline to hit this cloud but so far all attempts are unsuccessful. At the moment the cloud is very weak and the price action has hit the cloud again for another try to cross up. At this time the resistance of the cloud is at $13 where the price action has already spiked. If we watch the lagging span of the cloud then it is turned bullish and it has crossed up the candlesticks. And the conversion line is moving up to cross the baseline once this cross will be completely formed then we can see the cloud will be turned bullish (green color). And the candlesticks can cross up this is bullish cloud very easily. Once this cloud will be broken out then it will become a very strong support for the NEO coin that will lead to a very long term strong bullish rally. Let’s talk about the key level resistance: Now If talk about the different long term resistance levels for the Neo coin. Then Neo has very strong resistance at $13. This resistance has not been broken out since after December 2018. Once it was broken out in June 2019 but while re-testing this resistance as support the price action failed to retain its position above this level. After bullish move that has been started after the mid of March 2020. Finally the price action has again reached at this resistance level and if this $13 resistance will be broken out then we will have the next level resistance at $20 that is a key level resistance for NEO. Once this key level resistance will be broken out then it will be easy for the price line to reach up to the previous highest price ever in the history that is around $200 as on the long term the priceline of Neo has no significant resistance between $20 up to 200 dollars. Conclusion: At this time it is important for the priceline of NEO to cross up $13 level. As at the same time $13 is the resistance of an up channel and the wedge and ichimoku cloud as well. Once this resistance will be broken out then price action can reach next key level resistance at $20 within no time. And once the $20 will be broken out then on long-term it can reach upto $2 level very soon. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:NEOUSDLong
by moon333
1