NEO: Classic Bearish Divergence (1W Chart)! 30% Gains Possible.Here we will make a small analysis and look at NEO, one of the biggest gainers of 2020 in the alt coin index. We have witnessed one of the best opportunities to take a short here with a relatively low risk ratio since NEO has already pumped. We can enter the trade anytime here and since it is the weekly, we can expect large profits to be made here with just the RSI divergence being the main factor.
We can expect NEO to be one of the first to be the largest gainers for shorting due to the 500%+ gains throughout a span of 6 months, and we can also expect a drop in the overall market due to the Bitcoin Dominance also rising.
Trade Safe.
X Force.
NEOUSDT
NEOUSDTNEOUSDT
The price is fixed in the channel
1 - 26.2
2 - 31
3 - 42.2
If the price falls below the channel, you can buy more
Also can be kept for a long time, NEO will give good growth during the altseason
Do not go for the whole cutlet in one coin
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Waiting for your comment, what do you think about this?
NEO/USDT is lloking for the reversal. ShortLooking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this.
1) Price/Volume and Price/RSI divergence.
2) This divergence occurring next to the important resistance zone of $22.90
3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9
Trading Plan:
When the price will reach the sell zone it is important to monitor the strength of Buyers and Sellers. There is a possibility that price will spike above the $22.9 level to collect the stops of short-sellers prior to the downward move. After that, there is a good chance that the price will drop below the 22.55 mark, retest this level as resistance and will start its decline.
The first take-profit target would be located in the area of $20-$21 and at this point, you can fix some position moving the stop-loss towards the break-even point. After that, If there will be no buyer on the market the price may continue its decline towards the POC of the horizontal channel.
Below POC level we may see the formation of some buying strength, however, the major support area is located at around $16.7 - $15.8
Best of luck with your trading.
NEO/USDT - Potential Cup and Handle in the Making + DeFi launchNEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT - Cup and HandleNEO/USDT looks like an excellent example of a cup and handle which can breakout any day now.
Cup and Handle with decent target price of $39.04.
Fundamentals also looking great with "Flamingo", a full stack DeFi mint rush, launching on September 23rd. NEO is definately a ticker to keep an eye on in my opinion.
There is an excellent chance that this breaks out but like always please conduct your own research.
Please let me know what you think by replying below!
NEO/USDT Moving within the trading channel before growthLet's imagine a scenario of BINANCE:NEOUSDT movement within the trading channel from 15,5 to 23 USDT as it had been going from April to August earlier. That time it took 3 month of a good accumulation before the strong growth up to 40%. I'm going to buy some BINANCE:NEOUSDT partially over the next 2 months at the price of the "15-20 usdt" channel.
1st aim 32 USDT
2nd 36 USDT
3d 42 USDT
NEOUSDT AnalysisAs you can see, EngineeringRobo and I are neutral on NEO at the moment.
If you are holding NEO, no hurry to sell as we're hovering just below the resistance line. Watch closesly for EngineeringRobo sell signals or sell at resistance level ($17.31)
If you're looking to buy NEO, watch for EngineeringRobo buy signals or you could buy at dotted resistance line ($9.46).
In either case, pay close attention to EngineeringRobo signals. If you're interested in using EngineeringRobo, DM me!
NEO to bounce from the 200 EMA and Uptrend line!NEO is moving within the Ascending Triangle pattern. We can see that the 200 EMA has been acting as support for quite a while. Moreover , the pair lies in the RSI oversold zone and also testing the Uptrend line , thus we can expect the RISE!
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Neo Longterm view 300$ not that far.These are neo monthly level. close above one level are we target and attack the next one close below we range.
If close above target 4, Neo will go on price discovery mode 300$ and maybe 1000$ who knows.
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NEO in a Bullish pattern! 📈Hey, I am back with another Analysis, this time looking at NEO.
So a week ago I made a big analysis on NEO/USDT
Where I have stated that when NEO Breaks 20$, it should be a ride up to around $30 before first good correction.
So the price have broken the $20 level, and it's still breaking out.
I am in since 18.5$.
Currently the price of NEO is in a falling wedge which is a bullish pattern.
Indicators.
EMA's = Uptrend.
RSI = Found bottom
MACD = Seen strong and currently is in weak selling wave.
There can a retest of $20 which would be the tip of the wedge.
Good luck with this trade! First resistance is $23.
Cheers,
Tibor
NEOUSDT, The next harmonic wave...The price approached the level with huge candles and the pullback can be deeper.
It's better to wait for the daily candle closing. If it will fix below the level we should think about the sell.
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Thanks for your support!