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.
Neousdtanalysis
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/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.
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.
NEO/USDT Possible will retesting phase to continue upward Move!💎 NEO has indeed attracted considerable market attention with its successful breakout from a key level. However, it has yet to undergo a retesting phase at the demand area, previously acting as a supply zone. Upon closer examination at a lower timeframe, NEO appears to be forming a triple-top pattern in the current region.
💎 Triple-top are often indicative of a distribution phase and could potentially lead to a retracement to the demand zone within the range of $10.7 - $9.9. In the event of such a retracement, a significant bounce from the demand area could occur, probability paving the way for NEO to resume its upward trajectory and reach our target area.
💎 In a less favorable scenario, if NEO retraces to the demand area and fails to hold its ground, breaking down from this level, it confirms a downward momentum. Consequently, NEO may revisit the robust demand area, which was formerly a supply zone, indicating a potential accumulation phase.
NEOUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Target: 8 - 10 - 12
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
NEOUSDT - Descending Channel PatternNEOUSDT (1D Chart) Technical analysis
NEOUSDT (1D Chart) Currently trading at $21.65
Buy level: Above $22.5 (Buy after breakout)
Stop loss: Below $18
Target 1: $25
Target 2: $30
Target 3: $36
Target 4: $45
Target 5: $60
Max Leverage 2x / Spot Market
Always keep Stop loss
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NEOUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 25 - 29 - 34
Stop: ~17 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
NEOUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).Thank you!
Everything on the chart.
Entry: market and lower
Target: 32 and 36
after first target reached move ur stop to breakeven
Stop: ~24(depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
NEOUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 55 - 65 - 80
after first target reached move ur stop to breakeven
stop: ~36(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Will be very APPRECIATE FOR UR DONAT/coins :)
Open to your questions or suggestions(Looking for investors!).
NEOUSDT , We are near important supportHello guys
In here according that we shown on chart the trend is downward and we have new breakwave
The breakwave made and now we need to have some correction of this fall then we can take short position
Maybe the price can go more up but the important things is the trend downward and only we should take sell position
Previous analysis :
Dont forget guys use stop loss and attention to money management
Good Luck
Abtin
Neo- Towards 75 resistance zone?October was a month of range trading for Neo, with the price trading between 37 zone support and 47 zone resistance.
At this point, the coin is building up momentum for a break and a close above resistance should accelerate gains towards the 75usd zone
On the other hand, a drop under 37 would be bearish and can lead to a new local low around 20usd.
I'm bullish on this coin and I will look to buy for a trade with a good R:R
NEOUSDT signalHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 42 and 43
after first target reached move ur stop to breakeven
stop: ~38.3 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
NEOUSDT it must break through the resistance 63.22-66.76To be sure of getting a return on their investment, buyers should wait until the market has broken the resistance at 63.22 - 66.76. Once the resistance is broken, then there are no barriers and nothing to hold it back, only one way and that is towards the sky, I even believe that Neo will reach 114usd by 2021.
24h Volume: $504,090,448 and the Mkt Cap: $3,880,470,592 it is about 10% which means that there is a lot of demand for the coin. and will eventually mean that the price will rise significantly.
Previous analysis:
NEO 12h Where is it better to buy in long?We lost sight of NEOUSDT, it turns out that the last time we published the idea was 2.5 months ago.
But the previous idea worked very well , exceeding our goals. A maximum of $141
And then there was a fall, clearly on levels, look at the preliminary idea, and you will see everything for yourself.
On the recent fall, the $28 level received the status of a strong mirror level, since it previously served as a strong resistance, and now coped with the role of support.
For the next few days, it is necessary that the level of $28 once again adequately withstands the blow from above and an aggressive buyout of buyers begins. In this case, we can safely expect the NEO price to rise to $60 , to begin with.
If the level of $28 does not withstand the pressure of sellers, then the price NEOUSD will drop below, and then long positions will take from $20 and above.
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Neousdt - Seems Formed A Double Top Pattern Hi to all traders!
If you check the 8-hour timeframe. You can see double top pattern more clearly
Unfortunately i can not share 8-hour timeframe
The chart is clear enough and well explanatory.
IF You Agree Hit The Like Bottom And Support Me.
The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.