You're LUCKY to see this, NEOUSDT analysis!Hello, guys.
This is ESS team.
Let's see the NEOUSDT chart.
If candle is supported by the bottom PURPLE uptrend line, it is expected to break through the RED long-term downtrend line.
After the break through, It will reach the top green uptrend line.
After that, If it breaks through the top green uptrend line and is supported by green, It will reach the top orange upward trend line.
If it isn't supported by the lower purple uptrend line, It will
try again after accumulation with near the lower pink uptrend line.
NEOUSDT
Analysis of NEO# Analysis of NEO Time 1W currency
Considering that the price has reacted to the resistance level of the daily time, we can expect a downward correction to the support level of $11, and from the support range after a little suffering, we can see the beginning of the upward trend in the long term.
📈🚀 NEO Trade Plan! 🚀📈📊 Analysis:
Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level.
Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade.
Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50.
Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels.
Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk.
📈 Trading Strategy:
Entry: Initiate a long position as NEO finds support within the specified range.
Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25.
Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses.
🚨 Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis 🌟📊
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.
Neo price recalled that they can not only fall but also grow?)Who knows what happened to the SET:NEO project, that the "Chinese Ethereum killer" woke up from hibernation and made a sharp 30% price increase?)
Maybe it will also wake up its "partner in crime" - NYSE:EOS ?)
But seriously, if #NEOUSDT buyers have the strength and intention to continue growing, then in the coming days they should defend $19-20 and not allow the price to fall below.
In this case, the targets for the #NEOUSD price to rise to $29 or even $36 in the medium term will become more than realistic.
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NEO is still bullishFrom where we entered "start" on the chart, a time-consuming triangle has started, and from where we placed a green arrow on the chart, this triangle has ended and we have entered a bullish wave.
This bullish wave is either an ABC or a more complex pattern.
We should now be in the middle of wave B.
By maintaining the green range, it can move towards TP.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
NEO - BUY SETUP (NOV 2023)NEO - BUY SETUP (NOV 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. The price action and key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
NEO/USDT planning for bullish reversal? 👀🚀NEO analysis💎 Paradisers, the #NEOUSDT is currently displaying notable strength, hinting at a potential bullish reversal from its demand level at $14.79. If the price sustains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply.
💎 Reflecting on historical patterns, #NEO has consistently followed a downward trend, frequently encountering resistance around $17.01. Our analysis suggests that the price may revisit the demand level at $14.79 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past.
💎 In the event that NASDAQ:NEO faces challenges in maintaining its momentum at the $14.79 demand, we anticipate a bullish recovery from the lower demand zone around $13.30. However, a breach below this point could potentially lead to additional declines. Let’s remain vigilant and be prepared to adapt our strategies as needed.
NEO - Heading straight to next targetBINANCE:NEOUSDT (4H CHART) Technical Analysis Update
NEO is currently trading at $11.73 and showing overall positive sentiment
Price broke-out from the resistance easily and we are seeing back to back green candles.
We are expect this trend to continue and see some pullbacks at the resistance around 13.5
Entry level: $ 11.00 - 11.74
Stop loss level: $0.06
Target 1: $ 12.51
Target 2: $ 13.39
Target 3: $ 14.91
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
NEO/USDT A Breakout the resistance, Indicating Bullish momentum.💎 NEO has recently encountered significant market dynamics, currently facing resistance. A breakthrough above this level is crucial for NEO to regain bullish momentum and continue its upward movement towards our target area.
💎 However, if NEO fails to overcome the resistance and experiences rejection, it may retreat to test support levels around $13.5 or even potentially drop further to the demand area around $10 if the support is breached.
💎 When NEO reaches the demand area, a bounce is necessary as this level holds significant importance. Failure to sustain the demand zone would signal a bearish sentiment, potentially leading to further downward movement in NEO's price.
NEO/USDT in the Position to Rally?👀🚀 NEO Analysis💎Paradisers, let's shift our focus to #NEOUSDT, where current indicators suggest a potential bullish reversal brewing within its critical support range.
💎Upon examining #Neo's recent market performance, we witness an impressive 100% surge from its recent peak. Yet, the resilience demonstrated at the $12.17 support level hints at a pathway to upward momentum.
💎Despite encountering obstacles in surpassing previous highs, leading to a temporary bearish sentiment, the significance of the $12.17 support level cannot be understated for #NEO. It teeters on the edge of igniting a substantial bullish surge with a fresh outlook.
💎As proactive traders, we always have contingency plans in place. If #NEO experiences further decline from this support, we stand prepared for a bullish resurgence commencing from the secondary support at $10.56. However, it's imperative to recognize that a breach below this level could signify the onset of more profound bearish trends.
💎Remain adaptable in your trading strategies and maintain a vigilant eye on market shifts, Paradisers. Your Paradise Team diligently monitors these evolving market terrains, ready to guide you through any twists and turns.
NEO's Situation: What Shall we Expect ?Hi.
COINEX:NEOUSDT
✅ Today, I want to analyze NEOUSDT for you in a 4H time frame so that we can have a Short-term view of NEO regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️Double bottom is in formed on weekly timeframe.
Looking for the retest of the neckline, If the neck breaks, it will witness good growth.
- High potential areas are clear in the chart.
- You can look for reasons to enter according to your own personal strategy after approval.
-AB=CD
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEO/USDT Break Alert!! Indicating Bullish Momentum for NEO💎 NEO has recently exhibited significant market dynamics, notably breaking above the key resistance level of the accumulation phase.
💎This breakout signals a bullish momentum for NEO, with the probability of continued upward movement toward our target area.
💎 However, if NEO retraces back into the accumulation phase area, breaching the support level, it would indicate a false breakout and could trigger a downward movement toward the demand area.
💎 In such a scenario, it is crucial for NEO to bounce off the demand area and reclaim the area above the resistance to resume its bullish momentum. Failure to do so may result in further downward movement towards the key support area.
#NEOAccording to the two high-pressure candles, buying a reversal candle can enter a long trade with confirmation in the 0.23 Fibo area. Because the first area of the supply is completely consumed and the next unconsumed area is the range of $30. Therefore, if approved, it can continue to grow until the next supply area.
NEO/USDT bullish horizon from demand? 🚀NEO Analysis
💎 Paradisers, gear up for a promising trading journey with #NEOUSDT, as it unveils potential for a bullish surge from its demand zone.
💎 Delving into #NEO path, we've noted its rise following the closure of an FVG at a crucial supply level of $13.70. Despite a momentary slow-down, we're now eyeing a bullish jump from the demand level of $12.25, enhanced by significant liquidity, making a strong case for a turnaround. Staying resilient at this level may well lay the groundwork for the anticipated bullish journey.
💎 Should the drive for NASDAQ:NEO begin to diminish, we're set to look for a revitalizing leap from the solid demand level at $11.57. Yet, falling below this key level might herald the start of a deeper bearish phase.
NEO/USDT Bullish Reversal on the Horizon? 👀🚀NEO Analysis💎 Paradisers, brace yourselves for an exciting trading opportunity with #NEOUSDT, as it's currently lining up for a bullish turnaround from its support zone.
💎 A look back reveals NASDAQ:NEO struggling to surpass its previous high, leading to a bearish sentiment. However, the tide seems to be turning. At the support level of $10.08, where it has already stirred up some buying interest, there's a strong possibility of a bullish shift aiming for the significant supply zone at $15.12.
💎 We, the shrewd traders, are always equipped with a Plan B. Should #NEO dip below our key support at $10.08, we're prepared to capitalize on a bullish rebound from a further support at $9.03. But be cautious, as a drop below this additional support could signal a deeper fall.
NEO/USDT This area so strong to sustain NEO, Ready for re-upward💎 NEO has undoubtedly garnered considerable attention in the crypto market, showcasing a significant rebound from its demand area. This resilience highlights the strength of the demand, hinting at NEO's potential to resume its upward trajectory.
💎 The focus now shifts to NEO's ability to breach and establish above a crucial resistance level, a move that probability could signal continued bullish momentum.
💎 However, should NEO struggle to ascend towards this key resistance area, there's a risk it might retract to the demand zone. A critical point to watch is NEO's performance in this demand area.
💎 A failure to maintain its position, particularly if it breaks below this zone, would be a stark bearish indicator. Such a breakdown would confirm a downward trend, with NEO likely to slide towards the next support level at approximately $8.7. In a more bearish scenario, NEO could extend its decline even further, reaching a stronger support level.