NEOUSDT trade ideas
If re-test is succesfull, the possible 30%As it can be seen,
if it bounces back from the support area, the formation will likely happen. Also there is a weak resistance line where there are three touch including re-test stick. Two situation support the idea of that neo may go up.
Stop levels are 107-108$.
First TP level is around 135$.
Final TP level is around 148$.
Happy to hear your comments, ideas and critics ^^.
NEO BULLISH to ATH or HIGHERAll indicators are currently bullish and the $94 resistance has already been tested. We are now establishing new support at the $120 mark with squeeze indicator and MACD looking very bullish .
I believe next push could be to ATH of $200 or possibly above before a massive retrace back to $120.
Alternatively we may see support build at $200 with a lot of new buyers coming in after long time ath bag holders release and recoup their investment thinking thatโs th safe time to exit. New players will be coming.
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NEO climbing higher; Potential move to $200!!Neo maintains strong uptrend, with an extremely clean wave count where clear waves can be see in each MACRO impulse wave to the upside; we can see the valid wave count Indicated on chart would suggest we have another push from this Subminuette wave 4 consolidation reflective of a triangle structure. Potential Subminuette 5th wave targets are the 2.618 fib extension of MICRO wave 1 sitting at $198; further to this we have a reasonable target at $166 the ~1.382 fib extension of Minor Wave 1.
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๐ฅ NEO Bullish Channel ReversalSince the major BTC sell-off of two weeks ago, NEO has been trading in a small upwards channel. Last night, when BTC fell a couple of percent, NEO fell with it. Luckily NEO found support near the support line of the channel and is currently reversing from said support.
Mid-term target would be the current ATH.
Happy trading!