NEO been all over this the last few days with some great trades. Looks like we got 1 more push in this if we can break this hourly chart we can run 10-20% quickly. This has been the best mover out of all the non penny cryptos the last week. Has some momo. Im keeping tight though as it is up over 100% off its lows.
Building up Long Position in NEO/BTC with potential ATH breakout.
NEO has shown some serious momentum. After a run to mid 30s it had a sharp pullback 1 evening tapping right into 9ema on the daily. That 9ema showed tremendous area for demand and we have started to trend back with great breakouts last 24 hours staring at 28-29. WE are now consolidating on the 15minute chart for our next push through to the mid 30s which we...
NEO a quick rise and Fall! NEOUSD was already depleting and ICO effects the drop by a drastic crash, so what are the after effects on NEO? Is it a Time to Buy? ___________________ NEO coin is one of the most favorable asset in China and after this major move new investors are seeking to fill this gap so it is possible to see a Bullish wave and continue it's...
Neo seems to still have a bullish divergence with MACD and possibly STOCK RSI. If it materialize, it's another $15 / Coin...
Supply zone 1,2 - zone for fix profit
NEO/BTC is showing a large descending triangle here. potential target prices are labeled on the chart. first target is a probable support level, second target is based on pattern projection. longer term, I'm very bullish on this coin due to very solid fundamentals; so, buy the dip. trade at your own risk.
RSI is overbought on both USDT and BTC. Potential opportunity to sell and buyback for cheaper price. Short term trade not longterm
At this point we are near to a reversal for Neo. 1- Daily MA100 could act as a strong support 2- If daily MA100 fails, watch for historical uptrend. Also daily MACD crossing and turning bullish
The price diverges with RSI, MACD and ADX line. It can be a signal that the market can reverse and start new upward movement. If so, we can try to catch this movement. Buy orders should be placed above SMA100 and the downtrend line. It's 24.00 level. Stop orders must be placed at 12.80 level. Profit targets are 32.00 and 52.00 resistance levels. If you think that...
NEO/USDT is showing a potential double bottom reversal. if it can break both labeled resistance lines, target price is ~$51.5 based on pattern projection. one thing that could interfere with this is BTC and ETH dropping in price further, which seems likely; likeliness to interfere with this movement in NEO is uncertain. these 3 are all somewhat tied to each other...
Sorry I didn't have enough time today to keep with my daily analysis and I have to keep this short, so this was my trade today - it broke resistance and I'm preparing to sell it at first fib level and see how it will behave, if and when it breaks the first fib resistance we can expect a solid up trend being formed and a mid/long-term position can be made.
We have a head and shoulders pattern here. TP is 12.5 and this exactly the 78.2 fibo level. Good enough to buy it.
Demand zones + F lvls = potential reversal points waiting for positive sounds about Chinese regulatory dont talk about targets yet
NEOUSDT recently formed a bearish continuation pennant. it already has started to break downwards, which may confirm this movement. target price is roughly the $20-19 support level, but this is no guarantee. trade at your own risk.