NEOUSD | Pivot Point | Parallel Channel | Take Profit 6.400420Engulfing Pin Bar Candlestick Formed at Support S1 (5.995) and Channel Support. Enter long position.
NEOUSD trade ideas
NEO gonna be cheap too?
Of course its in a flag like the other coins.
And like other dinosaur coins, NEO has kind of the same chart pattern. After bouncing off 0.5 in 2020, suppose 0.5 will not hold on the next test and at least test major 0.618 @ $1.51 (perfect confluence with 1.272 intermediate)
Break down the flag aka lose intermediate 0.886 and its gonna get super ugly aka cheap!
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.
NEO Either orThere has been some volatility in the crypto market lately and I hope everyone is making profits and managing risk appropriately. I'm sticking to good old support and resistance levels on NEO,
Long from 8.22 Short from 9.66,
Neo's 5 Months of accumulation... could finally result in a move. Its currently about to break out from a wedge
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be.
Catching the absolute bottom is very hard and not many persons can do it.
Most likely you will have to wait many months until you will be at the break even or you will make profit.
Altcoins after dropping 90 % from the all time high can still drop another 90 %!
In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market.
Bitcoin cash:
- If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom.
- It took 48 months until investors were at the break even
- The price never reached ATH from 2017 again.
As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market:
More examples? XRP, XLM, DASH, IOTA
SOLANA (just an example. We have nothing against the project or its team):
Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders.
Conclusion:
- Dollar cost average into Bitcoin instead of your favourite altcoins.
If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover!
- Waiting for new coins without bag holders may be not bad idea
- Bitcoins is a safe bet!
- Altcoins = high risk
Feel free to share your opinion in the comment section!
NEO market cycle overviewNEO coin market cycle overview show in the chart.
NEO never reached its ATH from 2017.
Will it do it in the next bull market?
Share your opinion in the comment section!
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.
Short ScenarioIn the event of a Black Swan unfolding on Antshares, this would be where I suspect profitable short positions would begin covering.
S1: 1.6
S2: 1.3
NEOUSD pumpThe price is sitting on the support
Not bad idea to buy at those levels
Expecting short-term bounces as long as btc consolidating before the next major move.
NEO/USD Weekly Diamond [Interesting spot]Weekly Diamond, Possible price action measured with rectangles.
TTM Squeeze on the weekly and curling to the upside
General structure '"Bottomed Out"
idk about yall but... looks like a good long opportunity idk what else to say. Because if you have not noticed there are weekly diamonds like this all over the majority of top and second tier cryptos right now. like if you break the level above, hit 17$ and.. you make 100% basically (double) whatever you invested like damn, didn't know NEO was spicy like that...
I'm long just on looking at this idk...
NEO's 2nd booster get's litJust a quick update because its the same pattern as with many other coins
We have formed some ugly wave 1 diagonal and now possibly retraced in three waves down to 0.886 levels
We hold here and no new low ($7.79): its gonna take off
Hold my beer pls
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No financial advice, do your own research, don't be stupid
NEO - Important Trend Line ReachedNEO has reached an important uptrend that confirms the bear trend has reached an end
This can be concluded due to its previous bull rejections in the past along this green line
A large falling wedge formation can be also observed which adds emphasis to the bullish state
NEO IGNITION SEQUENCE STARTEDWE ARE FINALLY THERE!
NEO has fully completed the last part of the 5-3-5 corrective pattern (), sweeping the lows below the triangle and ending this big a$$ formation with an ending diagonal for accumulation.
While holding the past low around 7.70$ we are good to expect a nice wave 1 pump over the next couple of days and weeks.
Be sure to have fomo kick in once clearing the previous HH around 13.50$ // when leaving the yellow trend channel to the upside for acceleration
Targets much higher.
Hold my beer pls
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No financial advice, do your own research, don't be stupid
neo usdt quick updatelooking for the best possible entry? no better time than the present. its lambo time lol
i find it best to keep the TA as simple as possible and not overthink it like in this chart. we have to stick the upper target at $720 since we have seen most cryptos favoring that 3.618 extension level this past year
it might be sideways for a while but your patience will be rewarded
on the 4hr time frame we could get 9.50 again but no guarantee.
if your a bear please don't try to short this.you missed the short when ethereum made monthly bearish RSI divergence. the risk/reward absolutely favors the bulls
thanks for your time
rigo
Possible double bottomNEO formed a possible double bottom, also has a 20 and 50MA crossover. It is ideal level for opening long positions.
If level of $7.9 holds, next stop for NEO is 12.5$.
Recurring Pre-emptive Moonshot StructureThis structure is all over the place LTC, LINK, Bitcoin Cash and these two, Status (SNT) and NEO
I am assuming it is a pre-emptive bull moonshot structure, so all these coins can moon at the same time
Observational post
Links into one of my previous posts below
NEOUSD Expected Outcome: 7.00% IncreaseNEOUSD Symmetrical Triangle. Bull candlestick formed on the retest.
✅NEO_USD GROWTH AHEAD|LONG🚀
✅NEO_USD has been falling recently
And the pair seems locally oversold
So as the pair is approaching a horizontal support
Price growth is to be expected
LONG🚀
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NEOUSDA bearish wedge formation has formed under the Kumo, which indicates a strong move to the downside. Tp is marked by the Fib extension tool.
NEOUSD Bearish Breakout!
NEOUSD is trading in a downtrend
And the pair just broke out of the bear flag pattern
Which reinforces our bearish bias
And we are expecting a further move down
Sell!
