NEOBTC trade ideas
NEOBTC BULLISH DIVERGENCE !?Hello Traders!
Today’s update will be on NEOBTC, potential bottom and bullish divergence!
Points to consider,
- Overall trend is still bearish
- Next major resistance is at .50 Fibonacci Retracement
- RSI respecting uptrend (Need third touch to confirm)
- Stochs showing upwards momentum
- Volume declining
- EMA giving price resistance currently
NEO could be putting in its bottom after breaking its major structural support; the trend is still quite bearish, however we do see a potential bullish divergence
The EMA’s are currently giving price resistance, bulls need to cross the EMA’s bullish for the divergence to be intact, with the volume being low, we need to see it increase for confirmation…
The stochastics is showing further upwards momentum, this is quite bullish as it goes hand in hand with the RSI’s recent developments…
What are your thoughts on NEOBTC? Is this a bullish divergence in fruition?
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And remember,
“If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist.” – Mark Douglas
$NEO, Trying to reclaim ~87k sats support as BTC retraces..$NEO
Trying to reclaim ~87k sats support as BTC retraces..
Volume for now looks regular but if we start seeing signals of this level hodling + Volume flowing in, we can easily aim for ~100k sats (13%) retest..
UCTS Buy signal on the 8H chart.
#NEO
$NEO, Reached support at ~87k sats$NEO
Reached support at ~87k sats, interaction with this level is key to understand if its going into Antshares values or not
Previous interaction with this level lead to a nice bounce
Wait for Volume to appear prior taking any positions
UCTS Sell signal across the board
#NEO
NEO - Patience Required - Good Future Prospect Depending on your strategy. This could be an interesting entry. NEO could with good FA be a fantastic coin to investing. You just need to wait for the right moment to jump in. At the momentum, the same old mantra is waiting for Bitcoin Dominance to come down until making a move.
$NEO, Forming an ascending triangle pattern$NEO
Forming an ascending triangle pattern
We will have to wait for $BTC to decide if its going to kill or not the Alts party
So wait for a break over the resistance level prior taking any long position
UCTS Buy signal on the 12H (& many LTF)
as targets: ~108k sats (10%)
#NEO
NEOBTC Potential Ascending TriangleHello Traders,
Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back?
Points to consider,
- Price testing resistance zone (Red Zone - .382 Fibonacci Zone)
- RSI bouncing of overbought region
- Stochs showing downwards momentum
- EMA's action as support for price at current given time
- Volume is near to none --> Below average
- VPVR is showing low volume of transactions between current resistant zones
NEO could be forming a potential Ascending Triangle which is technically a bullish formation, however this needs to be confirmed with a third touch on the support line. NEO is more probable to retrace from this zone as the RSI is coming of overbought regions, with the stoch's showing downwards momentum, a retracement to the support line is highly probable. If and when NEO breaks out of this current resistant zone, we may see a retest of the .618 Fibonacci Zone quickly as VPVR is showing significantly low volume of transactions between the two zones..
What are your thoughts?
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and remember
"There's no such things as a free lunch"- Milton Friedman