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NEONEONEO
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NEO

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NEOUSD trade ideas

NEO: Going To The Moon?Good morning dear crypto friends, hope you're doing well. Both NEO & TRX started pumping when Xi Jinping announced that China wants to become a leader in Blockchain: They're pumping out of political reasons, this is crucial to understand. Especially in NEO's case, we saw an immediate pump by 70%, followed by a perfect Bull Flag on the Daily: => If you're asking yourself, why the recent price action on this screenshot is missing: I posted it in our Discord channel yesterday. Not enough with the perfect Daily Bull Flag, we even got an Equilibrium pattern on the Hourly, perfectly confirming the breakout: => Since then we're 15% in profit unleveraged. What now? NEO had been much higher this year, we came back to the ranges of $18-20. With the political news out right now, NEO could go towards that range, giving solid 50% profit unleveraged. That doesn't mean though, that you can just blindly start chasing it: It is pumping right now, and you have to wait for a good consolidation opportunity. If you don't want to miss amazing opportunities such as this one in the future, and eso. if you want to know how to exactly trade setups like these: You can become a member of Edgy, either through mentorship, automation, or through subscription to our indicators.
BITFINEX:NEOUSDLong
by Edgy_
1
Don't Overlook NEO! Hi, Traders ! Monfex is on the air ! NEO looks like a very attractive Buy in a mid-term horizon. * NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million. * NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level. * After that, the coin has been fluctuating inside the range of $10.2 - $11.7 - over the last couple of weeks. * The Bears keep pushing the price down, but it seems to have found the Support at 200 EMA around $10.80, on H1 time-frame. * On a Daily TF we can try to construct Trend-based Fibonacci extension that gives us the projection of the next important upside target of $16.70. * Additionally, the price of NEO is backed by 21 Daily EMA from below. Hence, a $10 level looks sufficiently covered. Active trade signal Buy @ $10 - $11. Target: $16.70. Stop-loss: $9.70. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BITFINEX:NEOUSDLong
by Monfex_UK
NEO Technical Analysis - NEOUSD - 443% Profit ExpectedNEO Technical Analysis - NEOUSD - 63%-443% Profit Expected BIG Trade Coming For NEO...4x - 5x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. For Bigger Time-Frame Target Profit Range - 13 - 32 (63%-443% Profit Expected) TP - 1 - 13 TP - 2 - 17 TP - 3 - 20 TP - 4 - 24 TP - 5 - 28 TP - 6 - 32 Buying Zone! Long Position Early Entry Trigger Point - 6 - 8 Ideal Entry Trigger Point - 4 - 6 ***If you want to get in this trade from this point $11 you can still make 18% profit till TP1 is reached. There is a very high probability that price may continue to move upwards before it moves downwards towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Short-term Trade- 1hr- chart I see a possible move going upwards and may hit $13 or it can even touch $17 mark that's why I have mentioned the points in a chart for a short-term long position too. As it's a short term risky trade, it is highly recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow, If you agree with my analysis :)
NLong
by Jaffery
1