NEOUSDT trade ideas
NEO-USDT PUMP SOON?Greetings
NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
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NEOUSDT is testing the historical resistance 🦐The price had two main breakouts from two monthly resistance. At the moment the price is starting to test the historical weekly resistance. IF the price will have a breakout from it, we could see a new ATH. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NEO casually not giving a fk about this dipI bought NEO a few weeks ago in anticipation of this event. A few targets drawn up here, and this is only the USD pair.
When we look at the BTC pair, there could well be much further to go once we break out from this structure and surpass the ATH.
There is a recurring pattern of U shaped reversals that follow what ETH has done. Volume is a good indicator to check out the level of accumulation happening, and of course S/R levels.
Some other ones that share this characteristic are:
QKC
ONT
NULS
NANO
DASH
LTC
Notice that aside from the last two, almost nobody is shilling these on CT
Now that funding has been reset, let the run continue. I believe we have a ways to go
NEOUSDT- 1HNEO is looking strong , we are currently testing major resistance.
For every new follower i will add a new idea :)
NEOUSDT - Possible Cup & Handle FormationNEOUSDT - Possible Cup & Handle Formation
If happens, we can see $120 soon...
2 important line for NEO USDT read description$ 75 is now the support area and resistance at $ 128 allows the price to reach $ 128 directly.
Case 2: Maybe $ 75 and will be tested in a few weeks. And fluctuate in the same range of $ 75 to $ 95 for a while.
neo/usd shortprice shot up and i expecting price to retrace to one of my point of interest to look to go long
NEO GOES PARABOLIC. Happy to say I told ya so! ;)Finally, NEO has gone parabolic. It has lagged way behind ETH and BTC during this bull run and still has 1x to reach its previous ATH.
My guess is that won't take long now.
See my previous charts below in which I called this a great mid term hold.
My only regret is not buying more sooner!
HAPPY trades,
CD
