NEOBTC trade ideas
NEO..THE FORGOTTEN ONEthis is only my view about NEO, if bitcoin's uptrend or stay at current phase and looking at today's altcoins booming situation,it's possible for NEO.
all the drawn lines are supports/resistances.
this is 1st post and we all know it's just a idea not financial advice or encouragement nor a advertisement.
NEO starting an uptrendNEO has been quiet for some time now. Once it was called the ethereum on China.
Are you ready to give up on it?
NEO LOOKING BULLISHNeo looking like it could possibly break up from this ascending triangle. Bullish on this one.
$NEO Rising slowly... Wait for it!Currently in an ascending channel bouncing from EMA100 that is acting as support.
Price is about to reach ~2480sats Resistance again, if breaks, EMA200 is next target that matches upper trendline of the channel.
RSI is rising, MACD about to bull cross.
One can think that #Neo volume is still low, but actually its number 7 in the total Volume of the entire crypto space. Wayy over $BNB $TRX etc.. Just wait for it, it will happen
NEO/BTC *No es una recomendaciónTenemos buen soporte, 16 dias despues, hay que mantener y ver que hace el mercado.
Clear accumulation phase completion.Falling wedge breakout
Accumulation volume
Far from MA200
Crypto sentiment turning bullish
Do you need more reasons to buy NEO?
Falling wedge*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
It's typical falling wedge pattern
Selling climax with Adam&Eve on the bottom.
I am all over it!
NEO-BTC Long Trade PlanCommodity : NEO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 days
Investment in trade : 15% of the total Trading Balance.
Prospective Profit : 5% to 18%
Prospective Loss : 3%
RRR : SL to TP1 is 1.63, SL to TP2 is 2.84, SL to TP3 is 4.52 and SL to TP4 is 6.16
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
NEO, needs a bit more time then we can fire engines again Just playing around with waves and measured moves here.
Neo approaching buy area maybe.
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NEO Breaks Out On Enormous Volume Pretty self-explanatory. I'm tired of typing for today, so let's keep this short.
I bought NEO at 2030 with all my TRX (which I bought much lower). I expect NEO to continue its uptrend for now. We're consolidating nicely and building support in a previous MAJOR resistance zone (in red). If we can hold this area, I expect us to head towards the next targets, in green X's. I'm holding NEO long term. Yes, we can revisit lower supports, but currently price action looks very strong, with volume to support it.
We also bounced off a major support in USD value ($5-6). I was looking for a sign of strength after we reached that area, and had been wanting to enter a position on NEO since it was in the $16-30 zone. It looked too weak there so I patiently waited. So far, it was a good move.
This is not financial advice. For future reference and educational purposes earlier.
-Victor Cobra
Looking at a bull pennant.Looking at a bull pennant. Last candle looking like a hammer pattern... MACD rising.
RSI trying to turn to the upside. Pullback volume looks low.
I expect price to break to the upside and reach ~2644sats as first target and EMA200 as second target. Good luck
