NEO/USD - Price in channel, immediate top at $34NEO pushed higher yesterday with a great 4h candle and now we are stuck between two price levels, $25 - $29 as indicated by the Fib levels.
To push higher we will need to move above $30 with a target at $34.
If we happen to fall under $25, then we will likely go much lower towards $20 which has good support.
The daily indicators are curving upwards, which is bullish and shows we may still have fuel to reach our $34 target. Also keep an eye on ETH as it will signal where the market is going next, currently being just under ATH.
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NEOUSDT
NEO 12h Growth, correction, growth. Interesting coming monthsFor two long months we did not update the NEOUSDT idea.
But during this time, a lot of interesting things have happened, so let's figure it out.
To begin with, the previous idea worked out well for 2 of the 3 targets below , those who wish could have a tasty buying of NEO at $12.5 before the New Year.
Further, a not bad x2 growth has been going on for a month, which stopped before the level $28.15 , which we noted as important in the first NEOUSD idea back in September 2020. Even then they wrote that we were waiting for NEO for $13.
Hm...., you ask, what's next?
And then, we expect NEO to grow to $31.50 , after which it would be nice to correct this mini pump)
We consider the level of $17.50 to be the ideal launch site for the growth rocket , somewhere in early spring. The growth itself is possible up to the zone $44-46 . Nearly these figures will be the first profit taking of medium-term traders.
The growth itself will be fueled by the news background around NEO 3.0 , there are a lot of releases promising for 1-2Q 2021 and again they talked about NEO as "Chinese Ethereum killer" as if 2017-2018 are back in the yard again)
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💡 Don't miss the great buy opportunity in NEO/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (23.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEO/TetherUS NEOUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 29.90
TP2= @ 35.50
TP3= @ 40.80
TP4= @ 49.00
TP5= @ 59.75
TP6= @ 94.25
SL= Break below S2
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NEOUSDT - Potential breakout 🔼Analysis 🔎: NEOUSDT has been consolidating in a symmetrical triangle pattern.
Price action is printing an ascending triangle pattern at the symmetrical triangle's inclined resistance.
Possible breakout.
Buy entry ⬆️: breakout above the ascending triangle's horizontal resistance.
Targets 🎯: horizontal resistance levels.
Setup invalidation ❌: breakdown below the ascending triangle's inclined support.
Neo Is Getting Ready For PumpIt has been accumulating in a sideways trend(green box) for a long time and getting ready for a big pump. if it can break 30 resistance, it can start a bull run uptrend.
targets : 190$ and 470$
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💰
NEO/USDT Bullish Retrace / Reentry idea 4HRHow far is BTC / the Alts going to retrace? that's the trillion $ question.
Looking at NEO's chart, which (unlike some other large cap alts) does not look like a carbon copy of ETH, I've spotted a potential inverse H&S forming on the 4HR, which lines up with the .5 fib level.
Admittedly, this may be a bit premature - that wick down from the rising wedge may end being just that - a nasty wick - and we could see a continuation within the pattern. But if the overall market retrace continues, you can expect NEO follow suit, and if you're still bullish on the higher TF, this may be a good reentry point.
Remember to let volume be your guide. Previous red candles that have a spike in volume can signify a reversal* . So keep an eye out for that as an indicator to support (or invalidate) this idea.
happy trades,
CD
NEO Targets $38! Double Bottomed - Pump itThe coin:
NEO founded in 2014, has been to an ATH of $200, surpisingly high but it is quite strong fundamentally:
The project's vision is to realise a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets.
The setup:
We find here a double bottom formation on multiple charts, especially the 3D and the weekly time frames
Using the measurement tool for targets, we get a target of just under $38, what would be a gain of 52% from the $25 level
NEO has already successfully claimed the kneckline as support; however, the $25 level is proving tough
Enter above successful claims of this level to mitigate some risk - if BTC takes a dump and brings it down with it
Hopefully we can enjoy some NEO gains in the coming days to weeks...
NEO-4h. Critical point $ 24.The situation in the NEO market has reached a stalemate. During January, NEO buyers, together with the crypto market, confidently raised the price and tested the high in September 2020. During the price increase from $14.7 to $ 26.7 , buyers met resistance twice.
For the first time on January 6, buyers needed large volumes to break the $18.4 mark. If the mark 18.4.
Partially slowed down the active growth of the NEO price, the range of $23-24 - the price stopped .
On January 10, abnormal volumes were recorded on the NEO market, which did not help buyers to consolidate above the $23-24 range. However, the aggressive attempt of sellers to start correcting the growth wave on January 11 also failed. In the 4-hour timeframe , we circled all the unsuccessful attempts of the sellers with a yellow oval.
After the impulsive actions of market participants, volumes in the NEO market fell significantly. Now it all depends on the medium-term vector of price movement BTC. Buying NEO is risky now. If buyers manage to consolidate above $23.8 - the price of NEO will have great prospects for growth to the mark of $46
In the daily timeframe, buyers try to gain a foothold above the previous local maximum. So far, everything points to continued growth at least to the mark of $ 23.8.
An alternative scenario and test of the $18.4 mark will be possible if buyers do not keep the white trend line.
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NEO/USDT movement in the coming daysHi every one
NEO / TETHERUS
so if we use the pitchfork for NEO/USDT chart we can see that the price couldn't break the middle line of the pitchfork and there is also a regular bearish divergence (-RD) so this means that the price would reach the bottom of the pitchfork and than start It's uptrend movement
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea .
Have a nice day and Good luck.
NEO/USD - Rejected by resistance, reload lowerNEO hit the resistance at $25 and is now correcting lower. Targets are on the chart and the current bias is bearish until we touch the support line at $20 or $17.
Indicators are also curving for a correction, therefore, do not long this chart. Wait for support to be established.
On the weekly Neo is looking good with a first target at $50. I also see a large wedge forming, therefore we may have a more sustained correction after we hit $50.
Long term bias is bullish.
Like and follow.
NEOUSDT Price Outlook 11 January 2021 — NEO SIDEWAYSHello, this is short-term review for NEOUSDT for Daily, 4h and 1h timeframes.
Price of neo holding well on short-term support and very possible we going to see some breakout action during next couple of days.
Looking forward sideways into support zone in 19-18
Like and Subscribe are appreciated!
NEO - The beginning of wave 3 from bullish with the target $100The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85.
The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets.
First target: $ 42
Second target: $ 47
The third and final target is $ 100