NEOUSDT trade ideas
NEOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We have the R1 line and the S1 line where the price is fluctuating between them. The price has hit the S1 line two times and is now fluctuating above it. We expect the price to fall down to the S1 line once more, receive support, and then go up. If you look closely, there is also an inverse H&S pattern formed in the price which signifies the price being able to move up at least to the R1 line. If the S1 line is broken, the S2 zone would be another good area to buy.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Strong potential for growth for NEO in upcoming weeksAlthough i dont usually trade alts, but the chart formation on NEO caught my eye, we have been in somewhat of a consolidation phase which is right at the verge of upward breakout. The chart is telling me that this coin can see new ATH very soon. Although im not much of a fundamental trader so i am not much familiar with the fundamentals of this alt coin, but the technical side of the coin is indicating lots of upcoming growth.
NeoSettin up big but we need to hold support above 26.60 if we can control this put overal target is 31.85. I’m currently making a YouTube video on this so find my channel in next 40 min I’ll post it. We do have potential bearish divergents on 4 hour but we can cancle this out if we contiue this move here. Target of cup and handle breakout is 29.36 which is previous resiatnce zone from the past that could give us some resiatnce. Supports at 25.23 and 25 that have to hold as support to contiue this bullish potential move which is also the neckline of the cup and handle breakout
LET'S TRY SMALL SCALP Keep an eye on NEO
STRONG chart and possible breakout
Worth buying some here and more if it drops to 20 usdt
Targets 30 - 33 - 40 usdt
Neo announces the release of the no-token Jiuquan chain as part of China's blockchain service network BSN OPB to support the legal issuance of NFTs in China.
🔥 NEO Bullish After Successful Re-testNEO has been one of the bigger surprises of the last couple of days. Where most coins struggle, NEO seems to shrug bearish sentiment off and continue the bullish trend. For now.
Assuming that BTC will not drop much further, I'm expecting NEO to continue to go up. Be patient and wait for BTC to consolidate before looking at NEO.
Long-term I'm still bearish on NEO as per my analysis below. Therefore my target is placed near the previous local top.
On the other hand, we might go for a re-test of the trend line in the coming days. Keep a close eye on BTC.
Happy trading!
🆓Neo (NEO) Feb-15 #NEO $NEO
The $20 zone is an important support area for NEO at the moment. Currently, the selling force of NEO has been reduced, so when NEO approaches the $20 zone, there is a high probability that there will be strong buying power to help NEO rise to the $32 zone in March.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 20$ zone
🔴Buy : 20
🔴Sell : 24 - 28 - 32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 20$ zone
🔵Sell : 20
🔵Buy : 17 - 14
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section