NEOUSDT
NEO.USDT (Y21.P2.E2).Broadening WedgeHI Traders,
The macro formation looks like a broadening wedge on one hand that has potentially one more impulse cycle (blue)
or the 2nd scenario where its done its high and is looking for the breakdown (red).
The RSI seems to suggest that we have the blue as the possible cycle.
For now, we need to see it break this descending channel to the upside so the breakout line is clear as an entry.
Note, I made an assumption that Neo will hit the bottom of the trendline and hence I measured the fib extension from that point
If it fails to break that channel, then its likely it will then go to the root of that structure.
All the best,
S.SAri
Macro overview
s3.tradingview.com
NEO-USDT to hit ATH and complete parabolaHello traders and investors 🖐🖐 !
Let me just say WOW, take a look at NEO go🏁🆙⏫!
I suspect NEO will fall to our approximate fib retracement, and then continue on it's climb up to hit it's ATH of 141 which we saw back in 2018.
As everyone says it is ALT coin time to shine! NEO-USDT was the first Decentralized blockchain that China made known publicly back in 2014. NEO is very secure and innovative.
Back in 2018🕚 when NEO reached it's first ATH there were roughly 1billion 💲 24hr circulating volume, today we are looking at almost 8billion 24 hour circulating volume♻.. What a jump🏃♀️🏃♂️! I have no doubt that NEO, will kiss👄 it's previous ATH price of 💲$141, and quite possibly continue on it's run⏫😁 to make a new ATH🤩. Stay tuned.
🛑🛑🛑THIS IS NOT FINANCIAL ADVICE🛑🛑🛑
Always keep a stop loss🤚🛑💲, keep a close eye 👀 on BTC for sudden bearish movement that would be very dangerous⚠⚠⚠ and trade at your own risk!!!!
Thank you so much!!!😁💹🤪
Any thoughts 🤔💭, questions🙋♀️🙋♂️❓, good👍, bad👎, happy😃, sad😥, always welcome in the comments below⏬!
Jazerbay💗
NEO/USD - Consolidating before aiming for ATH at $200! 🥳NEO is stuck between two key levels acting as resistance and support as shown on the chart. Between $100 and $125.
We either bounce in this area some more or we will fall lower to find support around $80. Either way, after some healthy break in price gains, we should gather sufficient strength to push higher for the ATH at $200.
NEO made a sustain rally after we broke this ascending wedge upwards and made the original resistance support = bullish re-test. The rally that followed was a 250% price gain... not bad.
This shows NEO is ready for some serious business and price gains. I don't expect this to change despite any corrective moves that are taking place currently.
The indicators are bullish on weekly, but a bit overextended, reason why I think we need a break before another massive pump. I mean look at that green candle in early April... almost 100% price gain in a week.
Therefore, forecast for medium term is bullish and short term, we may be a bit flat/bearish. Best to buy support or lower levels if we get them.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
NEO-USDT PUMP SOON?Greetings
NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
If this information is useful for you, please like and subscribe, so as not to miss anything.
NEO - $100 THIS YEAR!!Neo one of the best performing coins of 2017, and in fact one of the first coins to explode in 2017 is looking at making a comeback in 2021. Neo has a very similar chart pattern to many other coins including WANCHAIN, that being a golden gross on the weekly as well as an Ichimoku cloud breakout and long term pennant breakout!
Neo could definitely see $100 this year.
As always let me know what you guys expect Neo to reach this year
''Buy Big Sell BIGGER'' - MegaWhale
NEO Next Target ATHWe cleared 100, now I expect a small correction before resuming upwards heading to 200
NEO GOES PARABOLIC. Happy to say I told ya so! ;)Finally, NEO has gone parabolic. It has lagged way behind ETH and BTC during this bull run and still has 1x to reach its previous ATH.
My guess is that won't take long now.
See my previous charts below in which I called this a great mid term hold.
My only regret is not buying more sooner!
HAPPY trades,
CD
NEO comes out of nowhere for its epic run!This is a very simple observational chart!
Neo is super strong at the moment, which is what I like to see!
A simple resistance/support line drawn in (looking left), it is important where today's daily candle closes. (have used a 3day candle chart to show last run more clearly)
If it closes below the line, I would expect this to become a resistance, consolidation zone for a while.
If we close above, do we retest as support or just rocket through?
Elliot wave, I would say we are on the 3rd wave, so a 4th wave pullback, red candle would not be too unexpected.
Happy Trading
(not saying to buy or sell)