NEOUSD.P trade ideas
NEO ATH TestGood day Traders. Neo the hidden gem with a diamond bottom will test ATH within the next month or so, Its busy gearing up for a big move. Not financial advice, just my thoughts right now. Please leave a like if you agree. Or let me have your thoughts below. Cheers for now.
Head and Shoulders pattern NEOUSDT
BINANCE:NEOUSDT
Expecting a head and shoulder move with retraction to approx 42.50 after which it should move to the level of the shoulders at approx 44.00. Looking at 15 minute chart.
NEOUSD Heading toward previous 2018 Resistance/SupportWith upcoming 3.0 NEO and previous highs I think we could be moving to the $86 range next. From what I can see the volume is steadily increasing which supports the accumulation and likely move higher. What do you guys think?
NEO vs BTC when Alt Season Starts Fib ExtensionsThis is a very rough idea. If we repeat a similar alt season to early 2018 we could potentially use fib extensions on alts to predict ATH based on current BTC ATH since the alts trailed BTC's trend in the last major bull cycle. Current BTC is sitting around 60k, which if you look at the fibs is a little over 300% increase on the 2017 spike. If you apply the same principle to NEO and look at where the 300% mark is, you will see it is somewhere around the $700 mark. This may of course even be a low projection, since alts often have the tendency to multiply greater than btc.
NEO may hit $5000 - 7000 (Bullish Ascending Channel!)An Ascending Channel indicates a bullish trend with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.
In a bull market, every dip is a buying opportunity. Not financial advice, but if we follow the past trends, we can see a $5000+ NEO this year with a MAJOR correction and consolidation to the downside once hitting the resistance trend line again and maybe breaking it..!
NEO has a PERFECT market structure that Whales (bots) will buy into during the alseason and NEO has the opportunity to be BIG in the coming years ahead. We haven't seen nothing yet!
Altseason is coming. The best time to move BTC into altcoins is NOW! (due to BTC dominance looks heavily bearish next month!). Once all the "shitcoins" had the massive altseason run, I will be moving 50% profits into Ethereum , and stake it for long term investment. Other 50% will be use for Lambos and properties ;)
Good Luck!
"Be fearful when others are greedy, and greedy when others are fearful." - Warren Buffet
NEO Chart ArtHead and shoulders and a cup and handle present
Looks like a breakout from a cup and handle
This breakout will likely continue until the yellow (resistance) line is hit
Always liked NEO but never bought any
Maybe its time?
NEO reversed shoulder head shoulder patternNEOUSD is showing a reversed shoulder-header-shoulder pattern on the 1hr chart, indicating a potential10% gain.
NEo base is in around $35 upward moving now.NEO moving fast now back up from a bounce around $35 .. should run to test $50 again if BTC and ETH remain steady.
