NEO Breaks The Bear Market Downtrend!In my last NEO analysis, I suggested that if it broke this downtrend, it could head up to the $32 area at least. That's an important level from the previous bull market. Unfortunately, NEO has taken quite a while to break out, which may limit upside a bit. Instead of $20 being the first target, we must first clear $13.70-$14.00. However, the Ultimate Oscillator has clearly broken out on the WEEKLY, which is significant indeed. The weekly Ultimate Oscillator has ventured into bullish territory for many alts for the first time since 2016. This could mean that this breakout should be taken seriously, and it's time to load up on promising cryptocurrencies.
Time will tell, but if NEO can hold above the 50w MA (red) here, I think it can easily test the $13.70 area. If it breaks above that with volume, it should head straight towards the 100w MA (green), near the $20 zone. From there, we will have to see if NEO can break out further and make its first higher high of the bear market, signaling a trend reversal. Perhaps one of the reasons why NEO has done so well, even since 2019, is that the new 3.0 upgrade will bring interoperability to the NEO chain. This is an extremely important, if NEO (or any cryptocurrency) is going to survive through the next cycle. I mean, just look at the LINK chart and you can see how bullish cryptocurrency investors are in terms of interoperability.
On the bearish side, we don't want NEO to get back into the downtrend, as that would be a signal that it can head to new bear market lows.
Previous NEO analysis:
Original NEO post where I called the bottom:
NEO chart from November, 2018 when I suggested a move towards $5-6.
This is not financial advice. This is meant for speculation, education, and entertainment only.
-Victor Cobra
NEOUSD trade ideas
(NFA/DYOR) Trying to decode the tricky devil that is NEO. After setting support and resistance zones with the assistance of historic price action and volume profile, this is what I came up with. I'm not calling a moon shot by any means, but if we break out of the top of this zone at $12.25 there isn't much to stop us from testing the next major resistance zone between $16.50 and $19.00, and if we break that... oh boy. Based on volume profile and historic price action I see no major resistance until $32.00... I'm not experienced in TA, but this is what I'm seeing so far. I'm not calling a moon shot by any means, but I'm curious as to how this will play out. All input is welcome.
(NFA/DYOR) NEOUSD poised for a healthy consistent run?Here we see NEOUSD appearing to gear up for a decent run. Nothing sudden, but a strong and steady bullish trend looks to be in the works. We see this behavior reflected in the MACD and the RSI. There's a golden cross of the 12 and 25 SMAs recently as well. I tend to use On Balance Volume to gauge the strength of trends, and the line has held steady for a while now, so I'm gathering that this is a fairly strong, fairly healthy trend. I would feel better if we had consistently more daily trading volume, but otherwise this looks solid. Support lines are green, resistance lines are red. Let me know what you think.
NEO/USD looking poised for a breakoutLooking more and more like ALT season is here. Gonna be great fun trading these popular/low spread cryptos all the way up! This market is very volatile and somewhat fragile at this point so anything can happen. Always trade with a reasonable SL.
NEOUSD - Next Bulltrun?My indicator turns into positive territory and this has always been an indication of a strong upward movement. But is it enough for a run-up to new highs?
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.5)
Ending of entry zone (6.5)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.5)
Ending of entry zone (6.5)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
NEO swing long (possible +25-40%)NEO looks very interesting to me. Why?
After that big pump/surge which was caused by the call/news of the Chinese president that China will support Chinese blockchains, NEO with TRX and ONT have followed with a very interesting pump.
Now it is time for re-test these areas and see how bulls are strong (if they are going to add into their basket more NEO for cheaper prices).
You can buy NEO now and target for $11 as a first resistance. If the price will not hold the current level, then I will add or buy again NEO at $7.
This is a clear technical analysis because you do not need it anymore.
#NEOUSD Trading LevelsDeal with every level and don't risk !
Please share your opinion in the comments box and do not forget to press the like button
$NEOUSDBITFINEX:NEOUSD
Few weeks back posted $NEOUSD chart with target around 7.00
Now we have another coin braking lower from another bearish consolidation (flat bottom triangle) with similar target around 6.90/7.00 area.
WXYXZ Pattern, this means we could see a lower price icoming... this is my thought about NEO
We see that Neo first started with a nice impulsive wave of 5 correct waves. After that the ABC correction has been done also correctly. But than we see that the new impulsive wave (3) did not finished good at al, so from this point we see it as a 'failed impulsive wave'. After the first 'failed impulsive wave' there needs to be an ABC correction again to have an balance on the situation. Again after that we tried to start a new impusilve wave that went wrong AGAIN, this leads to a new correction that I'll see soon.
if someone sees it on a different way, just tell me your ideas. I would like to see more thoughts about NEO.
IG: kevindeyhem
EW Analysis: Crypto Is Selling-Off; Btc At 6-7K Sup. ZoneHello traders!
Today we will talk about cryptocurrencies and their current decline.
Let's start with Bitcoin against the ALTs dominance. BTC was losing its dominance against the ALTs since the beginning of September that can be clearly seen in the BTC.D/OTHER.S chart, but as you can see a decline was corrective only in three waves a-b-c, ideally in wave 4, which means that BTC Dominance could be back in the game for wave 5 soon, especially if we consider that strong a=c and base channel resistance line support area.
Due to a lost of BTC dominance, BTCUSD just hit new lows again compared to some other ALTs like NEOUSD and ZRXUSD, which were stronger in the last couple of weeks. However, we still see a corrective W-X-Y structure from the highs on Bitcoin and it's still trading around important 61,8% Fibonacci area, so we would not be surprised if we will see a bounce soon, maybe already here around 7000-6000 support area, especially if we take a look on NEO and ZRX.
In the Crypto market we always have to respect correlations. And what we see is that both, NEO and ZRX can be unfolding pretty clear bullish setup here with a strong five-wave rally away from the lows followed by a three-wave a-b-c corrective pullback that can stop right here around important 61,8% Fibonacci support area and channel support line.
Well, what we want to point out is despite that current sell-off in the Crypto market, we still see limited downside with a strong support levels and potential bullish reversals. Also, if we are right and BTC dominance comes back, then BTC could be the strongest cryptocurrency again, which means that ALTs against the BTC pairs (XXX/BTC) may continue even lower.
This is just how we currently see the Crypto market; Crypto market can see a bounce and a recovery sagain, but only against the USD, while XXX/BTC will stay mostly bearish or sideways.
If you like what we do, please like and share.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NEOUSD Going up
Mr. Pips says you can long NEOUSD with very little risk here.
Mr. Pips' proprietary indicator is showing a buy signal. This is a clear indication that the price is going to go up! There is no other indicator available that will show you these important price zones. This is NOT Murrey Math Lines. These are NOT auto Fib levels. There is no need to spend hours on end doing extensive research or trying to read news reports when you have the right tools at your disposal!
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Mr. Pips wants you to have a blessed and profitable day!
Disclaimer: All information provide by Mr. Pips and IgetPips.com is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
