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.
NEOUSDT trade ideas
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.
NEO (Neo) Coin Analysis 03/04/2021Fundamentals:
Neo bills itself as a “rapidly growing and developing” ecosystem that has the goal of becoming the foundation for the next generation of the internet — a new economy where digitized payments, identities and assets come together.
Initially known as Antshares, this project was believed to be China’s first-ever public blockchain when it was launched in February 2014. The open-source platform subsequently rebranded to Neo three years later.
As well as creating a worldwide community of developers who create new infrastructure for the network and lower barriers to entry, the team behind this project operate an EcoBoost initiative that’s designed to encourage people to build decentralized apps and smart contracts on its blockchain.
It’s often been likened to the Chinese version of the Ethereum network.
One of the unique selling points of the Neo blockchain concerns its continuous development, which helps ensure that it is futureproof and able to cope with sudden increases in demand. As mentioned earlier, the project has developed Neo 3.0 — enhancing network security and allowing a greater number of transactions per second to be processed.
Unlike many other blockchains, this network also has two native tokens: NEO and GAS. While NEO serves as an investment token and allows people to participate in votes concerning improvements to the blockchain, GAS is used to pay fees for the transactions that are being completed on the network.
Few other blockchain projects also run a development fund to the extent that Neo does. EcoBoost launched back in 2019, and it was billed as an initiative that provides “full life-cycle support for high-potential projects” — including grants, technical support and promotion on social media.
The co-founders of Neo, and its predecessor Antshares, are Da Hongfei and Erik Zhang. Both serve as chairmen of the Neo Foundation, which aims to promote the blockchain’s adoption.
Da Hongfei has said that, although the internet is a great invention, it has many flaws — and this means that everyday consumers don’t always have control over their own data. The entrepreneur believes blockchain applications will eventually go mainstream.
Erik Zhang was the author of the Delegated Byzantine Fault Tolerance algorithm, which aims to deter untrustworthy participants from taking part in the blockchain’s operation. This technology went on to be used in the Neo blockchain. He also served as the core developer for this network, and is playing an instrumental role in the development of Neo 3.0, the next iteration of the project’s infrastructure.
The live Neo price today is $54.15 USD with a 24-hour trading volume of $860,319,548 USD. Neo is up 1.34% in the last 24 hours. The current CoinMarketCap ranking is #37, with a live market cap of $3,819,379,676 USD. It has a circulating supply of 70,538,831 NEO coins and a max. supply of 100,000,000 NEO coins.
The top exchanges for trading in Neo are currently Binance, Huobi Global, Upbit, OKEx, and BitForex.
Technical Analysis:
there exist a Hidden Bullish Divergence with MACD which is the sign of Bullish Trend Continuations.
there are total of 3 Targets Defined by Fibonacci Projection, where as they have confluences with the past Supply and Demand levels when it had an impulsion earlier.
the 3 Target gets confirmed as the 2 TP gets triggered followed by some Price Correction
NEOUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).Thank you!
Everything on the chart.
Entry: market and lower
Target: 32 and 36
after first target reached move ur stop to breakeven
Stop: ~24(depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
NEOUSDTWe are on the strong support which was tested since June 2018.
What is the most important is SL. You have to always use SL if you wanna be succesfull trader. RRR is more than 6, so good opportunity.
TP1 - 30 usd (16%)
TP2 - 40 usd (55%)
TP3 - 50 usd (94%)
TP4 - 63 usd (144%)
SL - 19.94 usd (- 23,66%)
Looks nice.
LBL_CZ
It can be wonderful buy the dip opportunity for NEO coinHi dear friends, hope you are well and welcome to the new update on NEO coin.
Daily wedge and triangle:
On a daily time frame, Neo coin has formed a falling wedge pattern, now the movement is squeezed because at the end of the wedge a descending triangle is formed and the support of this triangle is not letting the priceline to moved down to test the support of wedge again. There is also 200 SMA resistance above the resistance of the wedge. After breaking out the resistance of wedge and 200 SMA resistance we can expect a big move.
200 SMA support:
On a weekly time frame, the priceline of NEO coin is getting bounced by 200 simple moving average support.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NEOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price is fluctuating between the two resistance and support lines. We expect the price to move toward our R1 line. If it is able to break the line, it can move upward but if it is not able to break it, we expect it to fall to our support line. If the support line is broken, we expect I to fall further which is less likely.
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
NEO/USDT Ready for $126 Target..? What TA Says?Request Chart:-
#NEO/USDT TA Update:-
$NEO currently trading at $26
$NEO almost-83% down from recent High on 07 May 2021
Now Trading at Accumulation Area.
I am also Trying to catch at dip.
Best Entry:- $24-$26
Targets:- $36/$50/$126/$231
Stop loss:- If any Weekly candle close below $22
Breakout Point = $37 ( Bull Activated )
Support:- $24.50