NEOUSD trade ideas
Cup & Handle + Ascending Triangle? Explosive cocktail!In line with the background movement on Bitcoin,
NEO seems to enjoy a bullish breakout on 2 patterns:
a cup & handle + an ascending triangle in the handle!
Trade Long: opening - target - stop loss shown on the graph.
DISCLAIMER: This is not an investment advice.
Do not blindly listen to any "guru".
Invest only what you can afford to lose.
Neo is going where?Hello guys this is NEo daily chart.
So this resistant area is really strong and as you can see neo tried 5 times to break the resistant but they just failed. now and today is neo's 6th time to test itself.
The important thing is NOT breaking the resistant and goes higher, rather it is close above resistant and the next candle opens up above it and closes up above it.
If movment be strong it goes up to 15.70 but if movment be really strong it goes up to 19$.
Thanks SAJJAD.
NEOUSD Buy SignalsPattern: Channel Up on 1W.
Signal: Bullish as the price made a new bounce on the MA50.
Target: 18.00 on this bullish leg, 22.00 on the next one.
NEO - Overall Market StructureNeo - Overall market structure
- descending channel
- a breakout with confirmation = target 1, target 2
- consideration: NEO has broken down every time it hit the upper range
*Invalidated if BTC crashes the market
Incoming Golden Cross - $NEOGolden Cross potentially happening - high risk play but very high reward if when it happens
NEO - Elliott Wave idea #1Maybe NEO need break this "validation level" to validate this count. After break and finish 5th wave we will see deep correction.
Un bénéfice allant jusqu’à 100%Analyse technique journalière
La monnaie atteint sa forte résistance située entre 13.60 et 14.20 et tente de la dépasser hier et aujourd’hui.
Cette résistance a été testé à plusieurs reprises exemple: 16/05/2019 et le mois d’avril 2019.
Sachant que cette résistance a joué le rôle d’un fort support le 14 août 2018 et le 31 octobre 2018 avant de le casser le 15 novembre 2018.
Actuellement, le cours de NEO se trouve au-dessus de ses deux moyennes mobiles de période 20 et 50 et tend vers le haut.
La cassure de cette zone de résistance laissera le NEO s’envoler vers 24.50 USD comme 1er objectif sur le court-terme voir 25.20 USD en extension.
NOEUSD Daily Chart Looking Bullish!Lets keep this simple,
Points to consider:
- Higher highs coming into major resistance zone
- Volume tapering off, usually leads to a volatile move
- Riding daily EMA 8 bullish
- Stoch still has plenty room for upwards momentum
This chart reminds me of Ethereum's break out on the 11th of May 2019
What are your thoughts ? :)
Neo next bull run?Neo rebounded several times from $ 11, the appearance of a hammer allowed to resume the upward movement. There is a chance that a small Elliot model will be formed, the first four waves are already there, the fifth should bring the price closer to $ 15. It should be noted that the bullish signal from Chop Zone begins to weaken, which is why the fifth wave can break. In addition, at the weekend, a moderate price movement in the flat on the market as a whole is predicted, which also makes it difficult to form the fifth wave.
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Golden Cross ahead, look at BTC behaviour. Dear Traders,
we will see a golden cross for NEO, if we look at all other large Altcoins - we will see a nice ride of NEO, too.
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 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
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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