NEOUSD trade ideas
NEOUSD weekly: XABCD BEARS 60%+ correction(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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NEOUSD weekly: XABCD BEARS 60%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagges as SHORTbecause I expect more short-term
losses and mid-term losses(BEARS).
🔸 Summary and potential trade setup
::: NEOUSD weekly chart review/outlook
::: BEARS XABCD setup in progress
::: already topped out at 113 point D
::: 60%+ correction pending
::: short sell any rips/bounces
::: going a lot lower next few months
::: TP BEARS 5.00//5.50 USD
::: SWING TRADE SETUP
::: recommended strategy: SHORT RIPS/BOUNCES
::: alternative strategy: SHORT AT MARKET
::: TP bears is 60%+ gains
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP
::: Sentiment outlook short-term: BEARS
NEO puts pressure on 20 Resistance with Extension 28 (VWMA/FIB)Long on NEO since 13 and will book +100% profit if it reaches the resistance (28). A failure below 18.86 will conclude this rally. So far it is strongly bullish and should push further.
long daily setup!We have a possible long setup for NEO, open buy position when it breaks aboven the 0.618 level!
NEOUSD Possible Track of PriceIf you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
NEO/USDI don't think enough people are talking about this NEO/USD set up. Flipped a very important resistance level dating back to Sep '18 and holding as support (even w/ BTC's uncertainty). If that support can hold, I see this running to $26/44 in the very near future. Good luck everyone!
Bullish on Neo. NEOUSDI believe, here too, we completed Neo's correction sometime <24hrs ago. The latest candlestick might be significant on a start of a new cycle. Anyway, I bought more of this magical stuff just now.
NEO: Testing Resistance. Looking to go Higher?NEO has been on a subtle, yet powerful upward movement in the price for the past few months. With $20 being a major psychological level and Fibonacci levels acting as clear support/resistance, this set-up is interesting.
Look for a breakout of the $21 level leading to higher highs. If rejected look for lower FIb levels as support zones. 80/20 trade.
Of course, Bitcoin is king and must be respected/watched. If BTC continues to show strength NEO's breakout odds increase & vice-versa.
NEO NEOUSD Elliott wave projectionThis chart I have doubt about returning back to the expected price.
$NEO is following the BULL PATTERN! First of all i will say that performance out of the past not gives any garranty for the future.
This NEO prediction is long term. And I just want to emphasize that I don't think $ 700 NEO is possible this year. I put the pattern here purely because it is POSSIBLE. But that we will get a new ATH someday I am convinced with this great project. Maybe we will be surprised again what we will get for gains this year.
so let's keep a close eye on it.
Good luck!
NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
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💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Final Wave in NEO IMpulse. Short term bullish on NEO. NEOUSDFinal hits in the NEO Impulse incoming. These I expect to be quite fast and parabolic.
NEO - RSI shows dump or pump...which way will NEO go?On this weekly chart for NEO, we can see NEO has broken above the thick red resistance line.
NEO is at time of this post is above the EMA100 (purple line) and on it's way to $20.86 where we have some heavy resistance.
If NEO breaks above this yellow resistance line at $20.86 we could see NEO get to $30 in no time.
On the LMACD you can see that since Jan 2019, yes 2019 not 2020, that buying has been happening with not much selling happening as you can see by the blue and red bars on the LMACD. The lime green trendline shows a huge bullish divergence that could catapult NEO to some huge gains. LMACD now above 0 on the weekly chart.
On the other hand, on this daily chart below for NEO we can see a dangerous position NEO is currently in on the daily RSI.
The grey down arrows show when the RSI hit 80 you could short NEO and be in profit every single time. We are now around 80 on the RSI on the daily chart. With all this bullish momentum in the crypto space, is it a wise move to short? Maybe a better move is to long and if it dips, add to the long.
Happy trading legends!
HTBB
