NEOBTC trade ideas
NEOBTC - Short-term play 4TPsIF NEOBTC breaks and holds 0.000991, I'll take positions.
Publishing for educational purposes. Warming up after a long break.
How To Trade EMA here i have set very good example on how you can trade EMA
it's common for every asset that it follow the price of EMA ( the moving average )
let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend
same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe
so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better
any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA
NEO/BTCNEO/BTC pair is in a bullish channel that expect a retrace toward its trend line.
be careful of BTC pump and dumps...risky days we have...
NEOBTCHi guys,
You can see NEOBTC and important levels. Don't forget always it depends according to BTC.
Be safe and Good luck.
Here I go short on NEO and NEO will go downHere I go short on NEO and NEO will go down. The price is testing the major support, so now I go 5x short and the bearish breakout will start. And NEO will go down. See you down there
I'm already upadating the last shorts and they're playing out very well so far
Doge hit -20% so far
Qtum hit -20% so far
Ethereum Classic hit -20% so far
Bitcoin Cash hit -35% so far
Basic Attention Token hit -20% so far
Algorand hit -25% so far
Stellar Lumens is -5% so far
Always shorts against Bitcoin on Bitcoin pair so that we can profit while longing Bitcoin (I also shared a long on Bitcoin recently)
I always share a weekly chart. Manage the risks on lower time frames by using a resistance on lower time frames as reference and placing a target or walking stops down on lower time frames.
Happy trading
Could Neo be ready for a bounce?This pattern is almost perfectly symmetrical - it took 40 days to reach the top (140% rise) and now we are on day 79 for almost an 100% retracement (30% away from start of run).
There are a mix of signals here:
On the positive side we have
A bullish divergence with RSI into an oversold position.
Stoch & MACD looking ready to reverse
A Support (dotted purple line) in perfect inlinement with a FIB level.
Lowering volume on a decending trend shows less people selling.
On the negative side we have
Under all Exponential Moving Averages
Been weak the last 39 days
I would like to see a reversal price action signal.
If it is to bounce here - a target of 0.382 on a reverse Fibs where it is located now would be 30% (0.001715btc)
NEOBTC, The most clear entry point!If the price will approach the Support zone sharply we should look for an accurate Buy entry above it.
It falls a lot of time and the correction can be huge!
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
NEO - repeat of 2019 price action? Dump to support, then rallyCurrent sell frenzy on NEO reminds me of sell-off from 2019, very similar pattern in both the price action and the Stoch RSI.
I wonder if we will see the same level of sell-off (54% from peak, would put it neatly at the below support) and then a little relief rally from that spot.
Just a theory, we will see..
NEO - two potential paths to victoryI have a lot of love for NEO from the 2017 era and with NEO 3 coming in 2021, very bullish on this project.
Managed to pump even at a time that older projects were suffering, embraced DeFi and now exploring other areas including file storage.
Fundamentals are good and the project still has a lot of goodwill from the famous epic pump during the first rebrand.
So I think this one will soar when we finally get a legacy alts season. I think these are the 2 likely levels where we see a springboard up to these resistances.
I'll keep monitoring the chart and expect one of these paths to bear fruit.
NEO/BTC LONG NEOBTC formally, be in a downtrend, but recently bottoms have stopped updating, the graph shows how the downtrend line is clearly working out, you can make a purchase after breaking through and fixing above it, this scenario highlighted with a red line, we also have the main safety bucket below to repeat the bottom in the region of 850 sat for a coin. The closest targets will be 16xx sat and 23xxrade
POSITION trade
buy zone 1 - 10xx sat |after break|
buy zone 2 - 850sat |Bottom entry|
Target 1 - 16xx sat
Target 2 - 23xx sat
Target 3 - 46xx sat
NEO/BTC (Daily Bear Flag?)💎Technical Analysis Summary💎
BINANCE: NEOBTC
-After a few days of consolidation within a small range
-NEO is starting to make a move again
-And the direction is going down
-This might be a potential Bear flag confirmation
-If the daily candle closes below its local support area
-The downside target is down to 1300s sat area
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618 Support?-618 of impulse move up
-confluence with hourly pivot S1
-Upticking histogram with potential Daily bullish macd cross
-R:R=6.45
Let's see how it plays out.
Remember: Keep it Simple, Manage Your Risk, & Don't get REKT!!
//Disclaimer: This is not financial advice.
