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NEOUSD trade ideas

NEO another highly prosperous Crypto?!70 M Coins out of 100 M are being traded. With a MC of 1 B USD, almost half is being transacted on a daily basis. It won't take a long time - most probably not more than 3 months to gain 300% from NEO. Keep in mind that 17 Jan 17 the crypto was only 0.08 USD with an all-time high of 187.41 USD (2337.5 X!!!!...). Now let's suppose that npt more than the 2 years coming, NEO could meet it's previous peak - meaning another highly potential growth as it's long-run T (1335% - 13.35 X). The market may seem too risky accounting more than -98% sharp drop for almost all of Cryptos. But we have to reconsider that for the time being only 100 M people are actively engaged in exchanging such properties/equities/securities. The question is : Just how many more people based on "Word Of Mouth", WOM, or rumor may evaluate such a market as not only a prosperous investment for their future, but also as means giving them liberty of buying/selling in a blink of an eye?! Technically, on a monthly timeframe the spring is well pressed and BBs are proving such claim. The total number of available tokens does not seem to be too high compared to XRP, EOS and some others. Limitation in quantity can really be a very reasonable stimuli to cause price growth. All in all, I can see no actual obstacles at moment to not to say that NEO can be a tremendous treat. Sincerely wish you guys best of your life and career. Not a financial advice. "Ideas worth spreading" (from TED).
BITFINEX:NEOUSDLong
by Morteza-Emzajerdi
NEOUSD | This bullish reversal move can trigger a bigger rallyHey friend, hope you are well and welcome to new update on NEW coin. Lauch of NEO 3.0 Mainnet: This is the month when the NEO 3.0 Mainnet launch is expected it can be on 31th Dec or earlier. The market cap is increased significantly, and if we take a look at the priceline then it is already up by more than 500% from the month of March. Previous Shark move: In the month of April I shared an idea that produced more than 500% rally. Previous BAT move: After that the price action formed another BAT pattern, that I shared with you in Jun 2020, and this idea produced more than 171% rally. Current bullish reversal move: Now again the priceline ha formed another bullish reversal move. This time we also have a mainnet launch news at the support of this bullish reversal pattern, therefore, it may trigger a bigger rally. Strong supports of moving averages: On the long term weekly chart the price action is having good supports of exponential moving averages 10 and 21 and simple moving average 25 as well. Conclusion: Even though the charts and the overall situation is very positive in favor of bullish move, but we should use 25 SMA on weekly chart as stop loss because, if it will be broken down then price line may turn more bearish to complete harmonic move on long term.
BITFINEX:NEOUSDLong
by moon333
1
NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally. Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of Gartley pattern should be: Potential reversal or buying zone: $ 16.67 to $ 15.26 Fibonacci projection or sell zone: $ 17.77 to $ 20.42 Stop Loss: The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITFINEX:NEOUSDLong
by moon333
1