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NEOUSDT

NEO/USDT Closing a flag pattern above the 50$ support lineNEO consolidates above the 50$ line into a flag pattern. We expect a breakout within the next week with the first target at 80$. Volume dropped with the drop of NEO and did not reach previous heights. This either results into a sharp breakout or a further consolidation phase. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
NEO COIN SHORT OR SELL TARGET $20-22NEO after breaking the double bottom at the top with the severe decline of Bitcoin for me not only Bitcoin is weak but altcoins are in the same weakness, here I nominate NEO as an Altcoin that is showing signs of weakness where a loss of $48-$50 could lead to another serious plunge that drags it down to the $20 region. In case you are not a leverage trader be careful if you buy, i guess we will be buying a lot cheaper than now, good luck.
Short
by VictorStone99
NEO/USD - 93% setupHello, Traders! NEO is out of the active trading range of $40.00 - $54.80. At the moment there is a retest of the downtrend. The analysis of the cumulative delta shows the presence of interest of buyers. Buy entry can be looked for in the range of $51.00 - $56.00 Stop-loss can be placed under $42.00 Downside correction targets $76,00 $88,00 $106,00 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered a financial advice
Long
by UnknownUnicorn10064030
NEO/USDT Update: Closing the gap to old supportCurrently Neo closes the gap to the old support arounf 40$. We still did not see new ATH which lies around 180$. However, we stay optimistic for this year to reach new ATH after the dust settles from this current pullback. We broke out of the upwards channel and try to get back in again. The volume over 2021 is high which indicates demand. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
2