NEOUSDT trade ideas
NEOWhat Is Neo (NEO)?
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.
NeoUsdt UpdateNeo It is in a good position and the price is suffering in a range and it is likely to move upwards at any moment.
Of course, if Bitcoin does not fall again
So he is in a good position to make a good profit after this explosion
GL
Supports:
45.96 >>> EntryPoint
40.95
36.47
30.94
(In the chart, you can see the color of the resistance, and after breaking and testing, it can have a powerful movement.)
Resistance:
53.03
54.85
Targets:
63.30
71.04
79.80
94.04
116.10
151.78
174.51
213.16 (Mid Time Target)
GL guys
NEO/USDTNEO is showing heavy bearish signs on the daily chart. On shorter timeframe analysis, it shows multiple rejections with wicks on the upside. However, thats a sign of stop orders forming clusters which could result in a larger wick to the upside and then a crash down. On 1h timeframe we can see that it has formed a large consolidation area which it kept on failing to break on either sides. I am expecting some more sideways movements on this pair and taking advantage of that we should be looking to short this pair on the top of this consolidation area and target for 49.5 - 47 and 44 support areas on even lower timeframes to exit before any drastic changes take place.
NEO Potential 192% Gain Back To ATHThe road back to ATH for NEO is very clear from here. Prior to the flash crash experienced yesterday, NEO was in a bullish continuation pattern since the fast and slow ma crossover on the 1st August which saw NEO grow 86% in just over a month from the 1st August to 4th September from $35 to $66. For the next leg up from the current price, NEO will need a clear break above the 38.20% fibs where NEO had been previously trying to break above some heavy resistance in the range $65-$72. Our next key price target after a retest of ATH is at the 127.20% Fibs @ $169.98, 255% gain from here.
NEO Channel Opportunity (update)This is an update of a previous chart still following it's path.
NEO and FTM followed a similar chart pattern.
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
NEOUSDTHello to all dear traders
I examined the Neo chart. Due to its RSI and Over bought, as well as the MACD behavior, we expect sharp growth after the breakout. Otherwise, falling to the specified range is not out of reach.
Warning
This is just my idea and whatever happens, you have to buy or sell to enter with complete information and a specific strategy.
NEOUSDT signalHello friends.
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Everything on the chart.
open pos: market
target: 66 and 70
after first target reached move ur stop to breakeven
stop: ~56 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3+
Good luck everyone!
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NEOUSD, Potential Bear-Flag And H-S-Formation, Important Zones!Hello,
Welcome to this analysis about NEOUSD, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we should expect in the upcoming times. As I discovered NEOUSD is developing a very interesting formational structure here especially with two different formations forming that will be the origin for further volatilities. As when looking at my chart now we can watch there how NEOUSD developed this main ascending-channel-formation marked with the black boundaries, within this formation NEOUSD has the coherent wave-count with the waves A to C already completed and as NEOUSD now approaches this decisive resistance-cluster-zone marked in red in my chart this is likely to be the origin of a bearish pullback to the downside, it will be important then on how NEOUSD continues with this pullback because when it marks below the lower boundary of the ascending-channel this ascending-channel will be completed as a bear-flag and will lie ground for increased bearish pressure continuations. The second main formation NEOUSD is forming here is this massive head-and-shoulder-formation with the left shoulder and the head already finalized. After the bear-flag has been completed and NEOUSD moves on to breakout below the neckline this will also complete the right shoulder of the formation and therefore the whole head-and-shoulder-formation to activate further continuations and the main target-zone marked in blue in my chart from where the situation needs to be elevated anew and NEOUSD needs to show if it manages to reverse within this zone or just sets up for further bearish continuations.
In this manner, thank you for watching my analysis about NEOUSD and its two pivotal bearish formations with the levels to consider, support the analysis with a like and follow or comment for more market insight!
"Astonishment is the basis of reverence."
Information provided is only educational and should not be used to take action in the market.