NEO - Pull back time?Could this be an opportunity to take a short on NEO USD? Higher time frame points to a resistance level that has been met, I'm looking for a retest the lower zone from this back down to my take profit level.
NEOUSDT trade ideas
NEO - oversold & testing multi year supportOn the above 1-day chart price action has corrected 80% since May. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal just printed - look left!
2) A higher low has printed.
3) On the 2-day chart (below) bullish divergences versus price action continue to increase in number. In addition MFI and RSI resistance are running out of space. I can’t time bottoms, but I do practice dollar cost averaging in when I see convergence..
4) On 3-day BTC pair (middle) regular bullish divergences are increasing just as before (purple circles) - look left!
5) Lastly - the big picture - on the weekly dollar chart (bottom) price action is currently testing support on a multi year trend line going back to 2017. Will it hold? I think so. 7 oscillators diverging with price action on at the weekly chart!!
Is it possible price action falls further? Sure. I’m the last person that knows where the bottom is (and the top for that matter).
Is it probable? No! Price action has been correcting from $130 to significant support. If confirmed price action is projected to strike $300.
On a fundamental note, this 2016/2017 project has been busy during the bear market more than I knew. Blockchain first caught my attention with the possibilities of:
a) decentralised finance
b) decentralised storage
c) smart contracts (in multiple languages!)
d) oracles
e) Interoperability between chains
Guess which project has gone and integrated all five above?! This could be very disruptive for a number of projects out there.
A buy from <$30 is fantastic.
Good luck!
WW
2-day dollar chart
3-day Neo/btc chart
Weekly chart:
neousdt short and long neo usdt look in weekly and daily demand zone. this is a very very risky trade we have the opportunity to go short for scalp. but prefer to go long in the daily demand zone because neo has a lot of space to go long. ad least we get some take profit
reason for entry?
1. neo break the major channel and retests successfully. that does not mean we are bullish overall structure is bearish.
2 neo break nearest supply zone that mean we are going little bit higher also demand is greater the supply
NEO can reach 54$ for SureI think the price of NEO is good for me to buy and hold
What do you think of my idea, do you agree with me. Where do you think the price will go? 🤔
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NEOUSDT AnalysisNEOUSDT is in the downtrend. It is also testing its recent falling trend line it may continue going down
NEO can reach 30$ for SureNEO is in an Ascending Channel. The Price has a Ranging movement But it is Slowly Increasing. So Right now The Price is at The Bottom Of The Channel and There is also a Hidden Bullish Divergence (+HD) On MACD as well Which Means the Price has To Increase From This Point. we can Expect the Price to Reach 30$ once again.
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Thank you for seeing idea .
Have a nice day and Good luck
NEO - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NEO is overall bullish trading inside the red channel and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a horizontal Support.
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
And for the bulls to take over from a long-term perspective, we will need a break above the gray area covering the entire range / structure.
Unless NEO breaks the green zone downward aggressively, t hen it will become resistance again and a movement till the lower support would be expected (12.5 - 15.0)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NEO at lower line of ascending channel#NEO/USDT
$NEO hold the lower lone of ascending parallel channel.
🐮 price can head up to middle line of channel that is the same with resistance zone between 0.5 and 0.618 fib levels of last swing down.
break out from upper line will increase price to resistance zone between $35 and $40
🐻 rejection from middle line of channel can drop price to lower line again and break down from lower line will decrease price toward $17 and $14.
Neo Its time you took the redpillWell, Bitcoin has taken us for a ride Padawan, Totally oversold, what does this mean- Deploy the ghost protocol.
NEOUSDT bottom found? ready to reverse?The price is testing the lower trendline of the ascending channel and the monthly support on 20.76$
on the lower timeframe, the price is creating a bear flag on it and the market got a rejection from the supply zone.
How to approach?
The price confirmed the 0.886 Fibonacci level as valid support on the daily static support on 19.7$. So if the price is going to have a breakout from the supply zone and ascending 4h channel, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 23.57
TP2= @ 25.31
TP3= @ 27.28
TP4= @ 28.71
TP5= @ 30.53
SL= Break below S2
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💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 23.57
TP2= @ 25.31
TP3= @ 27.28
TP4= @ 28.71
TP5= @ 30.53
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trend is your friend?Neo has bounced once again from this yearly trendline.
Depending on what happens with BTC this occasion might be a deal breaker for a long proposal.
NFA.
NEO is the true matrixlooking for the quick double to $40 range simple, as the market picks up this thing will rage to $1000 plus easily
NEO triangle breakout 📐NEO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 33 and even higher.
ENTRY : local high @ 23.8
STOPLOSS (SL) : local low @ 21.8
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 33.3
REWARD RISK RATIO (RRR) : 5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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NEO's bullish Trend Explained.NEO was in an Ascending Triangle & Recently The Break out Has Happened.So This Means the Price can Increase Freely.an Important Resistance Sits at 29.64$ If The Price manages To break this Resistance, The way to 38$ has No Difficulties. Since The Pattern is the Ascending Triangle, It means We Can Expect The Price To Increase as Much as The Measured Price Movement(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
