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NEOUSD trade ideas

A second Chance to Buy in NEOUSD ...Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend. Technical analysis: . Price is above WEMA21, if price rises more, this line can act as a dynamic support against more gains. . Relative strength index (RSI) is 78. New trading suggestion: *The price is in a range bound and we forecast the uptrend would begin. *There is still a possibility of temporary retracement to suggested support line (14.26790000). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (14.26790000). Entry signal: Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 12.94164898 (day close price) based on a reversal candle (Valley) at 06.12.2019 . Total Profit: 4841435731 Closed trade(s): 1383146306 Profit Open trade(s): 3458289425 Profit Closed Profit: TP1 @ 14.26790000 touched at 2019.03.31 with 132625102 Profit. TP2 @ 17.63851000 touched at 2019.04.02 with 469686102 Profit. TP3 @ 20.75000000 touched at 2019.04.02 with 780835102 Profit. 132625102 + 469686102 + 780835102 = 1383146306 Open Profit: Profit for one trade is 19.85822783(current price) - 12.94164898 (open price) = 691657885 5 trade(s) still open, therefore total profit for open trade(s) is 691657885 x 5 = 3458289425 All SLs moved to Break-even point. Take Profits: TP4= @ 24.99556000 TP5= @ 31.86434000 TP6= @ 43.90000000 TP7= @ 93.13590000 TP8= Free
NLong
by ForecastCity
2
A second Chance to Buy in NEOUSD ...Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend. Technical analysis: . Price is above WEMA21, if price rises more, this line can act as a dynamic support against more gains. . Relative strength index (RSI) is 78. New trading suggestion: *The price is in a range bound and we forecast the uptrend would begin. *There is still a possibility of temporary retracement to suggested support line (14.26790000). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (14.26790000). Entry signal: Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 8 BUY trade(s) @ 12.94164898 (day close price) based on a reversal candle (Valley) at 06.12.2019 . Total Profit: 4841435731 Closed trade(s): 1383146306 Profit Open trade(s): 3458289425 Profit Closed Profit: TP1 @ 14.26790000 touched at 2019.03.31 with 132625102 Profit. TP2 @ 17.63851000 touched at 2019.04.02 with 469686102 Profit. TP3 @ 20.75000000 touched at 2019.04.02 with 780835102 Profit. 132625102 + 469686102 + 780835102 = 1383146306 Open Profit: Profit for one trade is 19.85822783(current price) - 12.94164898 (open price) = 691657885 5 trade(s) still open, therefore total profit for open trade(s) is 691657885 x 5 = 3458289425 All SLs moved to Break-even point. Take Profits: TP4= @ 24.99556000 TP5= @ 31.86434000 TP6= @ 43.90000000 TP7= @ 93.13590000 TP8= Free
NLong
by ForecastCity
11
I Talked About NEO When No One Was Paying Attention Ahhh, one of my better purchases from the crypto market bottom. It's also been one of my better calls to date. I'm pleasantly surprised. Bitcoin pairing aside (failed miserably on that one with the fakeout above 2400), I pretty accurately plotted out the USD moves for NEO since it hit below $6 in the trenches of the bear market. I even suggested it could hit those levels before they were reached - when NEO was still at $16 in Fall, 2018. I will emphasize again that I was incorrect in assuming NEO would move higher against Bitcoin earlier. I'm definitely wrong sometimes, but I do enjoy being right, and not many people were talking about NEO. The altpocalypse hasn't stopped certain altcoins from performing relatively well, at least against the dollar. NEO is actually back to the support it held against Bitcoin before the sharp selloff down to 1200. If it can hold above 1670 for an extended period of time, that would be very bullish. If you were lucky enough to catch NEO at the extreme lows (below $6), your profit is the same as it would have been, had you bought Bitcoin at the same time. This cannot be said for many altcoins. You can scroll down and skip those previous charts if you want to get straight to the analysis. My first NEO chart from November, where I suggested a fall to the $4-7 major support zone: Trade Setup to target the $13-20 area (medium term) after buying between $5-8. I posted this in early January and it got 100 views. As I said, no one was paying attention to NEO at this point: Last chance buying opportunity in early May, when it looked like it was about to break down: Analysis where I plotted out the current potential move: Talking about the Bitcoin ratio breakdown and how it MIGHT have been a shakeout. Still remains to be seen: Sorry for the gloating, but I'm also doing this to emphasize how little interest there was in NEO, and why if you do your research and keep your faith in a project, it's silly to get emotional and sell, trying to chase short term gains. Of course this is only my opinion and not financial advice. You should always consult multiple sources and look deep inside yourself before you come to any conclusions. However, my stance is that the whole NEO/ONT ecosystem is also quite amazing and user-friendly, which is very much unlike most cryptos. This is one reason why I divested from TRX and into NEO during the early 2019 TRX run. This is why my average USD entry point for NEO is around $6 - VERY close to the bear market bottom (I took TRX profits into NEO). Now on to the analysis. The reason I started becoming a bit more positive on NEO recently was because I watched the DataDash video where John deVadoss was interviewed. NEO isn't messing around, in my opinion. A lot of people declared the project dead, but it's clear now that this is not the case at all. NEO continues to outperform much of the alt market as well (including most mid-large cap alts). This is a drastic change from 2018. This goes to show you that it IS possible for a lot of the stagnating coins to turn around (including XLM and NANO). VET has already started to show some signs of life, making a new 2019 high against the USD. Based on the chart and the channel I have drawn here for NEO, it seems that we've broken out. We had been in that channel for months, after breaking the downtrend channel back in February. We are now very close to the $20 psychological area. If that breaks, I think NEO can move up to test the broken uptrend from the last bull market. That currently lies at the long-term pivot area near $29. The $29-30 zone (historically) is an important point for NEO, because that's where it began the late 2017 blow off bubble phase. A lot of investors who got introduced to NEO first saw it at those levels. If it can return to those prices, I think people will start to realize that the project is here to stay. If NEO can get back above that uptrend, I think it can even get back to triple digits, but let's not get ahead of ourselves. We have to see how the market reacts to current prices first. On the bearish side of things, if Bitcoin drops hard, it could send NEO back into the channel, and perhaps to the bottom of that channel as well. I'd be looking at a break back down into the channel for signs of weakness. Check out this post about alts lagging behind Bitcoin. I chose to use NEO in this analysis because I saw that it was starting to outperform other alts, so I'm using it as a leading indicator. Yes, NEO is now an altcoin market leader. Also, check out this post about alts lagging behind Bitcoin. I think it's very interesting: Again, this is not financial advice. I just think this coin deserves a little more attention, and I'm curious to see how things play out for NEO as it approaches the major 3.0 upgrade. -Victor Cobra
NLong
by VictorCobra
1
One more leg to the upside? [Very short-term analysis]Look like NEO is forming ascending triangle on the 30 minutes chart and it's usually bullish in upwards trending markets. The volume is declining, that means probably a breakout is coming. The target calculated by taking the height of the triangle, at its thickest point, and adding that to the breakout point. So the target is 21$. This target meets with previous resistance from the past. If it's breaking to the downside I'm watching 16.50$-16.90$ area for weak support, it lines up almost with 0.618 Fibonacci level (16.50$).
BINANCE:NEOUSDLong
by CryptoCat93
Bullish NEO, ascending price channel broken upwardsNEOUSD has strong fundamentals behind it as a top coin with very good applications and a strong user base. From December 2018 to May 2019 it moved in an ascending price channel, only briefly surpassed during a BTCUSD pump in the first days of April 2019. This uptrend finally put the Ichimoku cloud into a bullish position, showing signs that the previous downtrend was finally over, during the first weeks of February 2019. Now, this price channel has been broken through, and new support will probably form around the previous resistance, as confirmation of this we have a bullish crossover at the MACD and a Bullish MACD in the weekly charts. Another confirmation is the strength of the bounce at the lead 2 line of the Ichimoku cloud during the first days of June signaling the strength of the uptrend. While the rest top market cap cryptos have been showing good gains, NEO has lagged behind, but a coming bull run seems to be forming for NEO. I have already allocated several of my funds into NEO and I'm expecting a price surge that would put neo around $18 to $20 in the coming days.
BITFINEX:NEOUSDLong
by UnknownUnicorn2876186