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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (10.3100 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (10.3100)
Ending of entry zone (8.4295)
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 the reversal patterns is formed in the zone.
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NEOUSD trade ideas
NEO fights recovery Like other Cryptos NEO/USD has declined more than 50% since July 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level.
An upside break up can trigger rise towards next resistance at $13.19.
On the other hand, if NEO/USD slips below the 200-day SMA, it may plummet to $8.75 support level. RSI is close to oversold territory which shows that the power of the bears.
Dont get HopieAs per a request this is easy straight forward and clean, keep selling rallies until fail this is clean sell zone note i am a intraday trader primarily and to be completely transparent i am not actively trading this due to us residency. When i took a glance thru major pairs on cryptos they all have similar structure. Follow your own trade plans this is not financial advice
Happy Hunting if you pm, an request something if im free ill post it for ya
(Over) Correction done for NEONeo has been always one of my favourite coins so far.
It has plunged more than 35% in the last week, finally touching again a solid support.
I expect a sharp and quick upwards in the 13$/14$ zone soon, that's why I increased my long around these levels.
Even if the support breaks, the chances for a green candle are very high.
This is an optimal risk/reward trade
What do you think?
BFCMInvest
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Bullish Pennant is formingThis looks like a fairly straight forward pennant flag.
Just watch a break below the red line, (sell) and consider taking profit anytime past the green line.
Something to watch out for, the RSI is high, so a breakout will not last very long, the MACD might not cross over for a few hours.
Potential Dip BuyingThe bullflag on the daily failed and NEO saw a sell off comparable to other front line alts. Falling below the 350 MA and breaking the major trendline is bearish. However we have the minor trendline and the 250 MA that can act as support. There is some confluence with the horizontal resistance ~$10.60. It should be noted that NEO originally broke over the 250 MA in early April and fell below only to finally cross in early May. It's possible this could happen again with the 350 MA. If the price doesn't bounce from this area, we'll have to watch the ~$9 and ~$8 levels. If neither of those hold we'll probably retest the yearly lows.
neousd#neousd
neo was first time analyzed at $ 10 and peaked $ 20 at the "e" wavelength. so, i believe now needs to correction into the specific area that marked on the chart to complete the "f" wave.
then it can go to the moon!
also, for more analysis like this, you can join our free telegram channel
to get invite link, message me.
comment me your opinion
NEO LONGWhat do you think guys I see BLow up here for NEO!
Heading to $20 mark in a few days if BTC holds steady.
Post your opinions bellow!
Thanks for support!
Peace!
NEO Cup and handle on 1-hour - looking for bounce
Looks like price is just about ready to break resistance. Could be nice risk reward trade. On a potential breakout, watch for potential double top.
Levels to watch
SL set to $16.50
Profit exit between 1.272 and 1.414 to let it correct (this is also $19.87-$20.25 range.
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@volatilitywatch
Disclosure: This is not a note to buy or sell. Please do your homework before investing
NEOUSD - CRYPTO - 05. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Sideways market consolidating before heading back down.
4 HOUR
Slow waving bearish structure need a breakout.
DAILY
Emotions jumped on the train, market will head back down now!
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CRYPTO SETUP
SELL NEOUSD
ENTRY @ 17.00
SL @ 18.20 (7.1 %)
TP @ Open
RR: 1 : 2-5
Use 1% risk per Position!
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