NEO - Another altcoin that looks AMAZINGSpring and backtest of key historical support completing a bullish harmonic with a type two return and bullish divergence. Nothing more to ask.
This one is priced too high for an entry right now so we wait for some pa to unfold and hopefully a retrace to backtest the local support.
NEOUSDT trade ideas
NEO/USDT in the Position to Rally?๐๐ NEO Analysis๐Paradisers, let's shift our focus to #NEOUSDT, where current indicators suggest a potential bullish reversal brewing within its critical support range.
๐Upon examining #Neo's recent market performance, we witness an impressive 100% surge from its recent peak. Yet, the resilience demonstrated at the $12.17 support level hints at a pathway to upward momentum.
๐Despite encountering obstacles in surpassing previous highs, leading to a temporary bearish sentiment, the significance of the $12.17 support level cannot be understated for #NEO. It teeters on the edge of igniting a substantial bullish surge with a fresh outlook.
๐As proactive traders, we always have contingency plans in place. If #NEO experiences further decline from this support, we stand prepared for a bullish resurgence commencing from the secondary support at $10.56. However, it's imperative to recognize that a breach below this level could signify the onset of more profound bearish trends.
๐Remain adaptable in your trading strategies and maintain a vigilant eye on market shifts, Paradisers. Your Paradise Team diligently monitors these evolving market terrains, ready to guide you through any twists and turns.
NEO's Situation: What Shall we Expect ?Hi.
COINEX:NEOUSDT
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Today, I want to analyze NEOUSDT for you in a 4H time frame so that we can have a Short-term view of NEO regarding the technical analysis. (Please โ๏ธ respectfully โ๏ธshare if you have a different opinion from me or other analysts).
โก๏ธDouble bottom is in formed on weekly timeframe.
Looking for the retest of the neckline, If the neck breaks, it will witness good growth.
- High potential areas are clear in the chart.
- You can look for reasons to enter according to your own personal strategy after approval.
-AB=CD
Stay awesome my friends.
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Thank you, and for more ideas, hit โค๏ธLikeโค๏ธ and ๐Follow๐!
โ ๏ธThings can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEO still Bullish for NowNEO had a major pullback with the rest of the crypto market yesterday. However, it still seems to be ranging in this parallel channel on the daily, and has jumped the creek in wychoff terms, pulling back to just under the pink line and back above it and the middle line of the channel. If it loses support above the pink line, I think we will revisit $13 or so on the bottom part of the parallel channel.
If support holds above the midline on the parallel channel, I think we will see another impulse up to the $32 area.
NEO/USDT Break Alert!! Indicating Bullish Momentum for NEO๐ NEO has recently exhibited significant market dynamics, notably breaking above the key resistance level of the accumulation phase.
๐This breakout signals a bullish momentum for NEO, with the probability of continued upward movement toward our target area.
๐ However, if NEO retraces back into the accumulation phase area, breaching the support level, it would indicate a false breakout and could trigger a downward movement toward the demand area.
๐ In such a scenario, it is crucial for NEO to bounce off the demand area and reclaim the area above the resistance to resume its bullish momentum. Failure to do so may result in further downward movement towards the key support area.
#NEOAccording to the two high-pressure candles, buying a reversal candle can enter a long trade with confirmation in the 0.23 Fibo area. Because the first area of the supply is completely consumed and the next unconsumed area is the range of $30. Therefore, if approved, it can continue to grow until the next supply area.
NEO/USDT bullish horizon from demand? ๐NEO Analysis
๐ Paradisers, gear up for a promising trading journey with #NEOUSDT, as it unveils potential for a bullish surge from its demand zone.
๐ Delving into #NEO path, we've noted its rise following the closure of an FVG at a crucial supply level of $13.70. Despite a momentary slow-down, we're now eyeing a bullish jump from the demand level of $12.25, enhanced by significant liquidity, making a strong case for a turnaround. Staying resilient at this level may well lay the groundwork for the anticipated bullish journey.
๐ Should the drive for NASDAQ:NEO begin to diminish, we're set to look for a revitalizing leap from the solid demand level at $11.57. Yet, falling below this key level might herald the start of a deeper bearish phase.
#NEO/USDT is trying to break the Diagonal Trendline in 4-Hour TF#NEO/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
NASDAQ:NEO needs to clear the PDH $11.15 resistance level to gain the bullish momentum. I am expecting #NEOUSDT bullish momentum. The local resistance level is PWH $11.75.
NEO/USDT Bullish Reversal on the Horizon? ๐๐NEO Analysis๐ Paradisers, brace yourselves for an exciting trading opportunity with #NEOUSDT, as it's currently lining up for a bullish turnaround from its support zone.
๐ A look back reveals NASDAQ:NEO struggling to surpass its previous high, leading to a bearish sentiment. However, the tide seems to be turning. At the support level of $10.08, where it has already stirred up some buying interest, there's a strong possibility of a bullish shift aiming for the significant supply zone at $15.12.
๐ We, the shrewd traders, are always equipped with a Plan B. Should #NEO dip below our key support at $10.08, we're prepared to capitalize on a bullish rebound from a further support at $9.03. But be cautious, as a drop below this additional support could signal a deeper fall.
Neo/usdt (NEO)The technical analysis of this asset reveals a dynamic and progressive impulsive wave system. As you've already noted, I place significant importance on historical data since the cycle tends to repeat itself. Currently, we are in the (b) phase, where in the past, we observed a robust consolidation followed by a powerful impulsive surge.
NEO/USDT This area so strong to sustain NEO, Ready for re-upward๐ NEO has undoubtedly garnered considerable attention in the crypto market, showcasing a significant rebound from its demand area. This resilience highlights the strength of the demand, hinting at NEO's potential to resume its upward trajectory.
๐ The focus now shifts to NEO's ability to breach and establish above a crucial resistance level, a move that probability could signal continued bullish momentum.
๐ However, should NEO struggle to ascend towards this key resistance area, there's a risk it might retract to the demand zone. A critical point to watch is NEO's performance in this demand area.
๐ A failure to maintain its position, particularly if it breaks below this zone, would be a stark bearish indicator. Such a breakdown would confirm a downward trend, with NEO likely to slide towards the next support level at approximately $8.7. In a more bearish scenario, NEO could extend its decline even further, reaching a stronger support level.