NEO is hot right now with some secret news they are going to release so this is goign to be a fun coin to trade this weekend. i'm goign to trying a swing trade whilst it's inside the trianagle and go in when it breaks out. BUY $36-37 SELL $46 SL 33
This my vision. I think that is bullish rectangle, but I can be wrong. Let's see
It looks like NEO has been in consolidation for far too long. It has been almost 5 weeks in the current "range" it is trading it. From the trend lines (white), it looks like it is running out of space. I'm buying below $28, setting trailing losses 5% below bottom uptrend line (white), and letting it ride, as I believe it is very realistic for NEO to reach...
Just read about very interesting harmonic patterns like butterfly, bat and crab - why not test new information?
NEO moving up in ascending channel. Thinking profit targets are 33 and 37 levels. Ideas?
Buy NEO when it passes 27.7 USD Tether. In next two days it has an energy point. Wait for it!!
NEO has shown a ton of support at $27. Without China risk, NEO stays above $27. Negative China risk seems exhausted, positive China news will be a huge catalyst for NEO. Buy at $27 for day trading or a longer term position, good buy at that price.
NEO rose about 25% yesterday. And now it broke 84-day downward trend!! This is a long-term approach. If the price movement follow this long-term trend, it can reach about $ 100. So I will buy it when neo breaks the pennant pattern upward.
I see falling wedge, and expect rise. let's see...
Let's look at the 4h chart of NEO and try to spot possible price movements. We can see that price reach an important zone formed by the downtrend line and 31.8 resistance level. If price breaks the downtrend line, that we have a possible long opportunity. If price breaks support line ~26.7, we'll have a sell signal. P.S. If you think this information can be...
The market moves in the borders of the horizontal price channel between 32.00 and 26.00 levels. The price bounces from the support zone formed by 27.00 and 26.00 levels. RSI confirms price reversal. It's buy opportunity and we can place pending orders at 28.30 level with stop at 26.50 level. The main profit target is the up border of the price channel and it's...
BIG bottoming pattern here. we are testing our trendline. this has the ability to move. we are starting to align on hourly timeframes also.