NEOUSDTneo has formed a wedge pattern in daily timeframe that can grow well in case of failure. I also did a time analysis using Ichimoku.
I have shown the shape of the price movement in a simple way. It may reach $ 140 with sharp fluctuations to reach the price
According to rsi, there is a divergence in the chart, which seems to be good. I do not use indicators much in general, unless I see good signs in them
NEOUSDT trade ideas
NEO/USDT TRADE SETUP! 70% PROFIT EXPECTED FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this NEO/USDT trade setup. NEO looks bullish here.
Breaking out from the falling wedge-like structure and currently retesting it. Also, there is a big bullish divergence in RSI. So buy some here and add more in dips.
Entry range:- $23.5-$24.5
Target1:- $26.1
Target2:- $30.4
Target3:- $35.2
Target4:- $40
SL:- $21.5
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neo might be setup! look for a daily close above 2626$ is key resiatnce if neo can break and close above the next level is 36.50 and breaking that could set neo upo for a big run. of course if we failed to hold above 26$ one more low for new could be the finally dip to shake out the final weak hands but overall NEO is looking ready to crush this next Alt season
UPDATE: NEO profit 50% after SHORT signal - more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price dropped 50% after Short signal. Currently sitting in a support zone If support doesn't hold, 20.50 USDT is next support. Price is below Ichimoku cloud and RSI is still bearish. Another drop is definitely possible.
This analysis is made with my "Supertrend Ninja" indicator. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently NEO is still in a downtrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
NEO is a great long-term hold.If you are long-term investor take a look at Neo. If you are interested in short-term gains (less than 1 year), probably best to look elsewhere.
Like many new blockchains Neo went through a major hype cycle in 2017. This means there are lots of bagholders/sellers from $25 to ~$146 area.
Through the ups and downs in price, Neo is still delivering on it's roadmap and is looking forward to a massive rollout of new dapps in 2022 and beyond. Commercial dapps coming as well.
Now is definitely time to accumulate this token as in the next few years, I believe it will be taking off.
Take the time and do some research, you wont regret it.
NEO/USDT - Trying to find a solid bottomBasic noob analysis of my biggest long term ALT bag.
NEO had a great run early on in the 20/21 bull market, with a top around 140 usd.. No blow off top like many other new hype coins with tech that is not even half as good as NEOs.
While the run from $5 to $140 is impressive, since then, it has experienced strong sell pressure and the market is looking like there is strong buying around 22 - 24 area.
The reason for my idea share is: I think the market is trying to form a bottom for neo, falling wedge breakout in to a descending broadening wedge, with a nice retest and targets being kissed.
Cast your eyes on the BDW and my Areas of Interest (AOI) and keep an eye on any significant rejection from these areas.
With recent rising volume, i'd expect either scenario depicted to play out pending market action with Bitcoin.
Bullish divergence across the 4H (local 4 drive bull div with the BDW), 8H, 12H, D1 and Weekly leads me to $31 is my bullish short term target, i'll be keeping a close eye on PA around there to see if the market accepts the price and continues to push on to the $48 - $50 region, or rejects and we form some kind of W bottom around $22 - $19. Any drop below the $19 area and i think there is a big chance single digit price is on the cards..
NEO SHOWING INTERESTING TRENDS FOR LONG TRENDHello trading friends,
This is an update for NEO.
Depending on the last trend study NEO shows an interesting trend for a possible 26 USD - also when there is a green cycle trend for BTC depending on the ETN tool.
We can expect a breakout from NEO if the trend gain new level of 25+
Manage your risk always well
This is not a trading call, study you trends always before entering any trade
Have a great day
NEO - pullback?Hello everybody!
Check chart with NEO/USDT
Neo is in the strong downtrend and from 50USD without any retracement.
When comes break bearish trendline, then entry to long position.
Targets will be on market volume profile and fiboretracement.
On 44USD I will close the rest of position bcs of strong level and POC.
I wish you safe trading!
🔥 NEO Long-Term Bear Market ScenarioWith the latest fall of BTC, I think that NEO has entered its bear market. We're currently trading below the summer-21 lows, without an end in sight.
For reference, I've copied the 2019-2021 bar pattern and pasted it on the chart to give an idea about the price movements to come. Assuming NEO is in a bear market, we can see a prolonged period of accumulation ahead of us.
Top of the next climax phase is placed at the descending trendline which connects the previous two climax phases.
Happy trading!
NeoThe lowest green trend is the main uptrend. Gradual purchases can be made from these levels. The stop-loss level is below the green trend. But that would mean 20% loss. So the best place to buy is above the blue trend.
It should be noted that only technical analysis is done. According to the news, the trend may change.
It is not investment advice.