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NEOUSD trade ideas

There is a trading opportunity to buy 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 53. 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. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 14.26790000 TP2= @ 17.63851000 TP3= @ 20.75000000 TP4= @ 24.99556000 TP5= @ 31.86434000 TP6= @ 43.90000000 TP7= @ 93.13590000 TP8= Free
NLong
by ForecastCity
2
There is a trading opportunity to buy 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 53. 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. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 14.26790000 TP2= @ 17.63851000 TP3= @ 20.75000000 TP4= @ 24.99556000 TP5= @ 31.86434000 TP6= @ 43.90000000 TP7= @ 93.13590000 TP8= Free
NLong
by ForecastCity
4
NEO Price Analysis NEO / USD: 3.0 Time LuckyFundamental Analysis NEO has gained bullish momentum after the company released an upgraded consensus mechanism ahead of schedule. The platform is planning to move to a new blockchain, NEO 3.0, in 2020 and is currently working on increasing its global presence. In February, the company opened a regional office in Seattle, Washington led by former Microsoft executive John deVadoss, and is planning to attract more developers to its platform in order to make the NEO blockchain competitive and developer-friendly. NEO / USD Short-term price analysis NEO has a bullish short-term trading outlook, with the cryptocurrency rebounding strongly from its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that a bullish inverted head and shoulders pattern has been created, with the NEO / USD pair attempting to move back towards neckline resistance. Technical indicators on the four-hour time frame are bullish and continue to issue a strong buy signal. Pattern Watch Traders should note that a major technical breakout will occur if bulls can successfully break neckline resistance and trigger the bullish pattern. Relative Strength Index The RSI indicator is also bullish on the four-hour time frame and is issuing a strong buy signal. MACD Indicator The MACD indicator has turned bullish on the four-hour time frame and is starting to generate a buy signal. NEO / USD Medium-term price analysis NEO has a bullish medium-term outlook, with the cryptocurrency continuing to trade above its trend defining 200-day moving average. The daily time frame is showing that an inverted head and shoulders pattern has formed, with the September 2018 trading high the overall upside of the bullish pattern. Technical indicators on the daily time frame are still bearish, although they are attempting to recover higher. NEO / USD Daily Chart by TradingView Pattern Watch Traders should note that an even larger inverted head and shoulders pattern will form if the NEO / USD pair trades towards the September 2018 trading high. Relative Strength Index The RSI indicator remains bearish on the daily time frame, although it is attempting to recover. MACD Indicator The MACD indicator on the daily time frame is still bearish and continues to issue a sell signal. Conclusion The bullish inverted head and shoulders patterns across both time frames highlight that the NEO / USD could be close to a major technical breakout. If bulls can ignite the large bullish patterns, the NEO / USD could soar towards levels not seen since September 2018 and start to form an even larger bullish pattern.
BINANCE:NEOUSDLong
by CryptoBriefingTA
1
NEO has completed the bullish setup 1300% profit is expectedSince Nov 2018 the price action was moving at the bottom of parallel channel and in oct the MACD gave weak bullish signal now finally the MACD has given strong bull signal even fast length has crossed up the slow length. Directional movement is also bullish. A double bottom formation can be clearly seen at the bottom and soon it will produce a strong bull thrust insha Allah. Even though the double bottom can push the price action to touch the resistance of the channel but I have defined secure target zone, but you can go for the channel's resistance as target. Secure sell targets are: Sell between: 71.93036 to 142.21828‬ Regards, Atif Akbar (moon333)
BINANCE:NEOUSDLong
by moon333
2
NEO consensus protocol upgraded, on schedule for NEO 3.0NEO upgraded its consensus mechanism ahead of the scheduled move to NEO 3.0 in 2020. Often referred to as “Chinese Ethereum,” the company has been making moves in 2019 to increase its global footprint. NEO recently opened a U.S. office―NEO Global Development Seattle, led by former Microsoft executive John deVadoss―and hosted its second developer conference in the same city. Part of the process of readying the NEO blockchain for version 3.0 involved updating its Byzantine Fault Tolerance (dBFT) consensus mechanism. The upgrade to 2.0 makes the algorithm more resistant to disruptions and node failures, said a representative from NEO. Irreversible and unforkable? Compared to proof-of-work (PoW), the consensus mechanisms used by Bitcoin and Ethereum, where blocks are solved by computers “mining” blocks, the dBFT mechanism works by using a small group of trusted servers (nodes)—currently numbering less than 10—to secure the NEO blockchain. DBFT ensures transactions made are irreversible and that forks cannot be made to the NEO blockchain. Version 2.0 will “guarantee immediate transaction finality and includes a recovery method to help failed nodes on the NEO network get back online with minimal disruption,” according to a release from the company. The new consensus mechanism will also make it so the NEO blockchain cannot be forked, making the system “truly irreversible.” The feature is a benefit for enterprise applications of NEO but may pose problems in the future around the decentralization and governance of the system. According to Erik Zhang, co-founder of NEO and the protocol’s architect: “With this improvement, dBFT will have more strict finality. Users only need to wait for one confirmation (15 seconds) to ensure the irreversibility of the transactions and prevent double-spending. This is very suitable for financial applications.” NEO 3.0 is on schedule The upgraded consensus mechanism is just one part of NEO’s roadmap to NEO 3.0, a completely new blockchain that will require users to swap their tokens ahead of the migration. Work on version 3.0 is ongoing and NEO’s GitHub page lists the upgrade as 62 percent complete. At NEO’s 2019 developer conference, Da Hongfei, the co-founder and CEO of NEO, said he wanted NEO to be the number one blockchain by 2020. NEO hopes 3.0 will make the blockchain ready for large-scale adoption by companies such as Alipay or WeChat.Version 3.0 is expected to launch Q2 of 2020 according to an earlier statement from the company. NEO, currently ranked #19 by market cap, is down 1.22% over the past 24 hours. NEO has a market cap of $806.59M with a 24 hour volume of $396.41M.
BITFINEX:NEOUSD
by IgorPorokh
2
Will NEO Break Out Once And For All? Ahhh here we go. This was one of the most dramatic turnarounds of any coin (aside from IOTA) over the last couple of months. NEO broke down from its uptrend, but was quickly saved by buyers. As I said was likely in my last analysis, it has ventured towards the top of the channel (near $16). However, it must first contend with the major horizontal resistance from its previous run. If the market decides to correct here, NEO can drop all the way towards $10 again and stay bullish. However, altcoins are simultaneously exerting a lot of buy pressure on their resistances. Think of it as a battering ram. Eventually the door will fall. If NEO breaks the horizontal resistance (current price) AND the channel....there's mostly air until the $20-30 range. What's really crazy is that IF NEO can somehow break back into its previous uptrend (pink line - currently around $27), there isn't much resistance above it at all, and it can attempt to get back towards its All-time-high. Obviously this is just speculation. The market may indeed see a pullback here before it can bulldoze these altcoin resistances. Or it could fail entirely. Anything is possible. This is why this is not financial advice. Linked below are my previous posts about NEO. I called the breakdown towards the $5-6 area in November before it happened. I also suggested that although NEO ventured to new lows against Bitcoin, it was very possible that it had already bottomed against the U.S. Dollar. I was wrong, however, that it would continue to move up against Bitcoin. That drop was not something I anticipated. Anyway, that's it for now. -Victor Cobra
NLong
by VictorCobra
NEO $200 by October 2019Just my prediction.. from being around during the 2017 bullrun we know how crazy things can get when the FOMO kicks in. One of the big players last time was NEO and its likely that if BTC continues with its upward hype journey - NEO will be one of the many alts to join it. It showed it is capable of going from $8 to almost $200 in a matter of months - and with NEO 3.0 coming out - im betting there will be enough development to push it forward again. Many coins from the last run are dead in the ground now - but solid projects like NEO are still showing strong volumes. Zoom in to see the micro action - higher lows and higher highs have been presented for this month (May) and volume is coming. This is (obviously) no means financial or trading advice - just my 'hunch' and how I plan to trade (red areas = closing trade and buying pullbacks) as it were - Feel free to roast. IDGAF
BITFINEX:NEOUSDLong
by ChRis102
1