NEOBTC trade ideas
I love NEOwell as shown in chart NEO had a pullback on fibo and it has a good potential to go to the moon
but be aware whales are around here!
this is not a signal
Don't miss the great buy opportunity in NEOBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.001300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOBTC 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 82.
Take Profits:
TP1= @ 0.001700
TP2= @ 0.002100
TP3= @ 0.002725
SL= Break below S2
Don't miss the great buy opportunity in NEOBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.001300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOBTC 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 82.
Take Profits:
TP1= @ 0.001700
TP2= @ 0.002100
TP3= @ 0.002725
SL= Break below S2
NEO/BTCKeep it simple!
NEO has shown to be an amazing trade recently, soaring 70% up from our buy zone, and close to its second profit target!
Many people were expecting NEO to continue to drop - including myself, and reach my low green buy zone. However, NEO found support at the 8400 Sat range. This level was key to watch as this was a weekly important zone - my red line.
Unfortunately before hitting this level NEO rose. This type of movement is called "front-running". where people expect a particular level to be hit but the investment doesn't quite reach that particular level. This still count's as a touch in trading terms.
From here we can see NEO do two things.
1 - the green box is held as support, and we see the next profit targets (orange boxes) be hit. OR
2 - NEO hits the next resistance level, comes down and the green box is not held. In this case the second green box is likely to be tested.
Either way Profit can be made, and people who have already longed should be VERY profitable.
Don't FOMO from here. Wait and see what NEO decides to do. Have longs placed in the green boxes and a tight stop just below the range. Never enter mid range of a movement!
NEO Is Super Bullish | Can It Do 130%+ Next?NEO (NEOBTC) has a super bullish chart and is now moving above EMA200 (bold orange line)... This can lead to so much more growth.
On the chart above, we can see that the bulls are now in control with big volume coming in.
The MACD is really strong and allows for plenty of additional growth.
The RSI is also strong now reaching what we call "overbought"... It still allows for additional growth.
Additional details can be seen in the chart above.
NEOBTC printed really strong bullish momentum and now the bulls are following up.
We are looking at massive growth potential in the weeks ahead.
Do you have any questions or something to share?
Use the comments section below.
This is Alan Masters.
Namaste.
Will NEO continue to rise ?It looks like, yes.
How can i say that ?
Looking at the daily timeframe,
RSI is going up again
MACD didn't cross down
We are in a beautiful ascending triangle
If we break 1260, then we are going to 1540.
Targets for NEO NEO is still bullish and low compared to ATH.
See shortterms target. Each target will first be resistance, and possible support after breaking. First resistance is around 1360 as we speak :)
Generational Bottom?NEO/BTC has not only broken above the 2 year downtrend line, but looks to have reclaimed / be in the process of reclaiming the previous range. Zooming we can see a very clear bullflag. All that remains now to wait for completion and a daily close or two to make sure we get an S/R flip.
NEOBTC Trend Change| Pennant Formation| New Higher Low!Hello Traders!
Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend?
Points to consider,
- Trend broke lower low structure
- Local support in confluence with .618 Fibonacci
- Local resistance is where price topped out
- RSI trading in overbought territory
- Stochastics currently flat
- EMA’s turned bullish from initial break
- Volume declining
The structure of NEO has completely changed with this recent pump, negating the bearish trend of lower lows. Multiple resistance levels have been broken leaving the price consolidating looking to correct, which will be healthy for the price as this will put in a local higher low.
Local support is in confluence with the .618 Fibonacci level, price is highly probable to retrace to this level if a bear break comes to fruition from the pennant. Local resistance however is where price topped out from the initial bull break. This is an important area for the bulls to break in the next impulse move up to confirm the bull trend.
The RSI is currently overbought, a correction in the price back to the .618 Fibonacci level will cool this indicator off, back to neutral territory. The stochastics however is quite flat, no clear direction until we have a decisive break from the pennant.
EMA’s are currently bullish but is yet to meet price, it must hold price as support to confirm a bull break from this pennant. Volume is key to watch as it is rapidly declining, this signals that a break is imminent in either direction, which will be confirmed with an influx of bull and or bearish volume.
Overall, In My Opinion, we have a clear equilibrium forming, trading close to its apex. A break is imminent which has to be back with strong volume as it is visibly declining. A retracement back to the .618 Fibonacci is probable and will be very healthy for the trend; this will allow NEO to put in a new higher low as well as cool of indicators such as the RSI.
What are your thoughts on NEO?
Please Leave a like and comment,
And remember,
“You can lose your opinion of you can lose your money.” – Adam Grimes
NEO WILL BECOME THE BEST BLOCKCHAIN THIS 2020 -2020 is a Chinese Year! Singapore and China will adopt blockchain.
NEOBTC Descending Triangle is formingA descending triangle is forming, I'm just waiting for that volume to pop up
NEOBTC Bull Flag, Ready to start the next Run!Hello guys.
We had a bull run last week for Neo. As you can see, the price has been corrected very nice.
The next bull wave maybe come soon.
Follow the trade instruction, Remember the Fibo levels as targets.
Good Luck
#NEO UPDATE The coin has broken through the descending resistance, at the moment the price is located between two strong levels. If we see the price approaching 0.001075 level, we can start buying. If we see the price breaking the level 0.001230 - we can buy this breakout. Target is 0.0017.
NEO: Chart Seems PositiveBefore discussing NEO, let's start with a disclaimer. As we understand it, people don't think this is the most exceptional project - with or without the Chinese announcement about wanting to dominate blockchain.
With that out of the way, it looks like bulls may be in charge of the market. NEO right now is holding support from a bullish breaker. It is also not backing off from its highs. Also, the spike rally took out the "previous 4th." The previous 4th is the location where the last leg of the down move started. To be brief, NEO does have room to move if people who shorted the rally get stopped out.
Bottom Line : When a market makes a significant turn, sometimes the fundamentally worst instruments can trade the best. This was true at the 2009 bottom in risk assets as real estate ETF's traded very well on the turn higher. In the case of crypto, marginal altcoin projects may have another leg up or at least hold where they are.
