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NEONEONEO
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NEO

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NEOUSD trade ideas

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
NEOUSD before the 32% decline.... The similarity of the fractal sequences in the analysis is given by the same percentage of the initial rise. Although I have written about this many times, I repeat that comparing the percentage is because the vertical scale is logarithmic. So the rule is to measure the percentage of displacements. For linear scale division, vertical measurement is done with points. But back to the analysis. My assumption is that a similar fractal structure can be formed as the first fractal. Therefore, the exchange rate target price is US $ 7.59.
BITFINEX:NEOUSDShort
by meszaros
4
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 68. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (8.50000000) Ending of entry zone (6.50000000) 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= @ 10.80000000 TP2= @ 14.27000000 TP3= @ 17.65000000 TP4= @ 20.75000000 TP5= @ 24.99500000 TP6= @ 31.86500000 TP7= @ 43.90000000 TP8= @ 68.98000000 TP9= @ 93.13500000 TP10= Free
NLong
by ForecastCity
1
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 68. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (8.50000000) Ending of entry zone (6.50000000) 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= @ 10.80000000 TP2= @ 14.27000000 TP3= @ 17.65000000 TP4= @ 20.75000000 TP5= @ 24.99500000 TP6= @ 31.86500000 TP7= @ 43.90000000 TP8= @ 68.98000000 TP9= @ 93.13500000 TP10= Free
NLong
by ForecastCity
6
NEO Can Target $32-45 If It Breaks This ResistanceWell well well...look who's made a comeback? NEO has been one of my favorite cryptocurrencies since I first started learning about this insane market. I almost FOMO'd into it when it was above $130, but I held off. A year ago, I made a post about why I expected single digit NEO if the $13-16 area broke down (linked at bottom). That played out beautifully, and I was able to scoop up some in the single digits. I also posted an analysis suggesting that NEO had found bottom just below $6. NEO actually then had an impressive run, all the way up to the $20 area, where it peaked in June, ultimately breaking down from the ascending broadening pattern (red). What's especially interesting is that NEO is currently finding resistance in a VERY obvious location. Why so obvious? Just look at the ridiculous intersection of important trends. We have the red broken channel support from earlier this year. We have a major multi-year pivot area in the $13 zone, and then we also have the descending resistance from the all-time high (orange) AND the 200d MA (around $10.95 currently). I don't think I've ever seen a confluence of resistances like this. Often when trends align like this, it can produce a powerful move. Look what happened with Bitcoin this past week. Its moving averages were all moving closer and closer together, indicating that the market is finding a "fair price" and that a long term direction will need to be picked soon. Unfortunately, I assumed NEO could test the $30 area earlier this year, but instead most altcoins have ventured down to test zones closer to their bear market lows. Most have held these levels (like NEO), while others have not (like XLM and GVT). Right now, I'm not saying NEO will DEFINITELY get up to $32-45 on a major breakout. It will need to tackle this major confluence of resistances first. The longer this takes to play out, I think the harder it will be. The market can of course take its time. This doesn't have to happen immediately, or at all. But if NEO does break out and make it to my initial targets, it should tell us that alts have indeed been in a second bottom accumulation phase, much like Bitcoin's 2015 bear market. A mark up for NEO to the $32-45 zone would be the first major higher high, and would signal that accumulation has ended for promising cryptocurrencies. Why do I list $32-45 as my target zone? This is where the 100 week Moving Average is, and $45 is also a very important area for NEO, as you can see on my chart. I think if we see a bit of a blow-off for NEO's initial impulse up, it is likely to get stopped in that price range. I will actually look to finally take some profit from my $6 entry and perhaps set up for a larger swing trade. Further targets are also listed on this chart. I left some room here as well, in case it's about to begin an even larger move up to target $1000+ prices. This is not financial advice. This analysis is purely my opinion based on what I'm seeing and my own sentiment. I just wanted to post an update on NEO since it's been a while, and it's finally showing some life. It has some serious obstacles to overcome though. If it can't overcome the bear market downtrend, it may just be in an enormous wedge, and it can head to new lows if the market cannot get going within the next several months. -Victor Cobra
NLong
by VictorCobra
10