NEOUSDT trade ideas
NEOUSDT it must break through the resistance 63.22-66.76To be sure of getting a return on their investment, buyers should wait until the market has broken the resistance at 63.22 - 66.76. Once the resistance is broken, then there are no barriers and nothing to hold it back, only one way and that is towards the sky, I even believe that Neo will reach 114usd by 2021.
24h Volume: $504,090,448 and the Mkt Cap: $3,880,470,592 it is about 10% which means that there is a lot of demand for the coin. and will eventually mean that the price will rise significantly.
Previous analysis:
NEOUSDT - Bullish 🌗When i look at this ALTS i get a feeling September will be big!
NEO creating a bullflag under major resistance. After this resistance we can move up fast cause we also dropped fast in that zone !
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TRADE PLAN FOR NEO 20%Hello traders, another opportunity on NEO we can see pullback which is always an indication for a buy entry. from the chart you can see how the price is on a support level and we expect a bounce off to the upside but below the support levels there are entries for cost averaging, its all about the winnings.
Tradehubng
NEO/USDTNote, we are not telling you to take a short position. But are simply providing our thoughts.
1-day time frame
I will be scaling into a short position on neo with a tight stop above resistance. There may be a double bottom pattern forming. BB%B suggests we can expand more. However, MACD indicates buy pressure is weakening, and we are waiting to confirm a bearish cross. The Middle Band acts as solid support. However, Volume seems weak, and we can view a scenario where we tap near the Lower Band before deciding our next move. The RSI is below 70%, which is not necessarily bullish. We will be mindful of the scenario as buy volume can accelerate. We will take profits and lower S/L for-profit along the way if the opportunity presents itself.
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NEOUSDT - Short term correction? Before more continuation higherNeo on the weekly timeframe is starting to provide us with a correction, on the daily timeframe price brokeout above the resistance yesterday inducing buyers into the market and then broke straight back below confirming the move was a fake out and a bulltrap. Now what we can see on the 4hr the price closed back below structure and we now have the possibility of forming this H/S formation, we are waiting on the right shoulder for entry confirmation so we need to see multiple rejections at this zone before we potentially look at opening a short to catch this intraday corrective move to the downside our first target will be the ascending trendline support second target will be the low of the wick on the weekly timeframe.
NEOUSDT bullish setupNEO is holding 200 daily MA support pretty well and testing 50 weekly MA and hopefully will break it this week. Neo needs to clear current green zone and confirm it as support then you can open long position for targets up to 63. If you are passive trader then you can wait for the price to move above 63 and confirm it as support. I am expecting good rally once NEO clears $63 mark.
All major resistances and support area are given so trade accordingly.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
NEO/USDT Bullflag forming?NEO/USDT may have a bullflag forming...this along with a break and retest of the current trendline. This could push us up to our current supply and retest. If this retest is successful we FLY to $79.755
NEO/USDT Could rocket up to 79.755!NEO/USDT is retesting the current resistance...
Once NEO retests the current supply ( Orange Line 60.190-61.980 ) and successfully pushes past this level we will know NEO is ready to fly
I will be placing my buy entry around 63.131 to avoid any bull traps that may occur
If NEO pushes past $63.131 there is little to no resistance stopping a push up to 79.755!
This could be a MONSTER move! Stay tuned for more....
Will be updating you throughout the week
Let me know what you think in the comments below!