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NEO / TetherUS

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NEOUSDT trade ideas

Is NEO repeating the pattern of the past bear market? Hello everyone! If you're looking for a hefty profit and are willing to wait, then take a look at NEO. On the weekly timeframe, you can see that the price movement is very similar to the price movement in the previous bear market. Back then, there was also a long sideways period that lasted 847 days before the price surged upwards. Currently, there is a similar sideways period with the upper boundary being the 0.236 Fibonacci level, and the asset is at the bottom of this sideways range. The price could still drop to $5.9 per coin. So, the timing of when to open a position remains open. Fibonacci levels serve as targets on the chart. This is not financial advice, and anything you do is at your own risk.
Long
by neverovv
NEO/USDT Break Key Area, Bullish Momentum ?? NEO Analysis TodayYello Paradisers, Break Alert! 💎 After breaking through a key supply level, the chart confirms that we're in the retesting phase, transitioning from supply to demand. For further confirmation, we need to see the daily candle sustain above this new demand zone and close as a rejection candle. If this occurs, NEO is likely to continue its upward trajectory, targeting the bearish Order Block (OB) or strong supply area. 💎 However, if NEO fails to maintain above the demand zone, it could reverse course and test the bullish OB area, where additional accumulation could be advantageous. 💎 The bearish OB zone also coincides with a resistance trendline from a descending channel, making it a pivotal area for NEO. A successful breakout from both the bearish OB and the descending channel would be a bullish indicator for NEO. 💎 This analysis would be invalidated if NEO breaks and closes below the key support level on the daily timeframe.
by MyCryptoParadise_Nathan
17
Neo Buy Trade Blueprint: Seizing the Moment for Maximum GainsNeo is a decentralized blockchain platform and cryptocurrency that has been gaining popularity in recent years. It is often compared to Ethereum, as both platforms are designed to support smart contracts and decentralized applications. However, Neo has a number of unique features that make it stand out, including its focus on scalability and security. One of the most recent news items related to Neo is the launch of Neo3, a major upgrade to the platform. Neo3 is designed to address a number of the challenges that Neo has faced in the past, such as scalability and interoperability. It also includes a number of new features, such as a new consensus mechanism and a more user-friendly interface. Neo has also been in the news recently due to its partnership with Microsoft. The two companies have been working together to develop a number of new projects, including a new blockchain-based identity system. This partnership is seen as a major validation of Neo's technology and has helped to boost the price of the coin. **Short Fondamental:** * Neo is a decentralized blockchain platform and cryptocurrency that has been gaining popularity in recent years. * It is often compared to Ethereum, as both platforms are designed to support smart contracts and decentralized applications. * Neo has a number of unique features that make it stand out, including its focus on scalability and security. * The recent launch of Neo3 is a major upgrade to the platform that addresses a number of the challenges that Neo has faced in the past. * Neo has also been in the news recently due to its partnership with Microsoft. **Recent News:** * Neo3, a major upgrade to the platform, was launched on September 24, 2022. * Neo has partnered with Microsoft to develop a number of new projects, including a new blockchain-based identity system. * Neo has also partnered with other major companies, such as Alibaba and Tencent. **Disclaimer:** This is not financial advice. Please do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast
1
NEOUSDT.1DBased on the provided market data, the NEO/USDT pair is currently trading at $8.34. The pair has a 4-hour RSI of 74.69 and a daily RSI of 74.14, indicating that it is in the overbought territory and may see some pullback. The MACD on the 4-hour and daily timeframes are both positive, suggesting an ongoing bullish trend. However, the 7-day RSI is at 47.38, which is near the middle of the range, suggesting a neutral longer-term outlook. The 7-day MACD is negative, which could indicate a bearish trend over the past week. In terms of support and resistance levels, the 4-hour chart shows resistance at $8.67, $9.22, and $9.58, and support at $7.67, $6.47, and $6.30. The daily chart shows resistance at $8.73, $9.94, and $10.50, and support at $7.07, $6.50, and $5.78. The 7-day chart shows resistance at $8.48, $11.59, and $15.50, and support at $6.34, $5.92, and $5.44. In conclusion, while the short-term trend for NEO/USDT appears bullish, the market data suggests that the pair is currently overbought and may see some pullback. The longer-term outlook is more neutral to bearish. Traders should keep an eye on the support and resistance levels, as well as the RSI and MACD for signs of potential trend reversals. As always, it's important to combine this technical analysis with other market indicators and news events before making any trading decisions.
by MarsSignals
1
Neo - Fractal Double Bottom Pattern 📈Déjà Vu: A Tale of Double Bottom Resonance Neo, much like Bitcoin and other digital assets, knows how to repeat history. In 2020, it showcased a double bottom pattern, and its evolution bears a striking resemblance to what we are witnessing today. The Setup: An Intricate Dance of Market Forces A double bottom pattern is no mere coincidence; it often involves market manipulation. The first leg of the pattern involves a substantial drop, catching many off guard. Then, as if by design, a lower low lures in more traders. The Thrilling Twist: A Prelude to Growth While the lower low may instill doubt, it's a setup for a dramatic turnaround. Just as in 2020, when Neo finally started its ascent, this pattern could serve as a prelude to a new bullish cycle. Trading Perspective: Learning from Neo's Echo Crypto traders can glean valuable insights from Neo's historical performance. Identifying patterns like these can better prepare them to navigate market fluctuations and seize opportunities. Conclusion: A Pattern with Purpose History has a way of echoing in the cryptocurrency realm. Neo's 2020 journey teaches us the value of recognizing patterns like the double bottom, shedding light on possible trends on the horizon. 📉 Double Bottom Patterns | 📊 Market Manipulation | 🚀 Bullish Cycles | 🧭 Trading Insights ❗See related ideas below❗ Feel free to share your thoughts in the comments! 💚📈💚
Long
by Yaroslav_Krasko
🚀 *Bitxer Signal Alert ID# 284-5*🚀 *Bitxer Signal Alert ID# 284-5 📈 *Trade Direction:* Long ⬆️ 📈 *Entry Point:* NOW 📈 NEOUSDT Alert: Bullish Vibes! 🚀 NEOUSDT is once again dancing around the $7.14 support level, a zone known for catapulting prices higher. 🌱 Historical data reveals a recurring pattern: 🎯 First Target: $8.12 🎯 Second Target: $8.30 🎯 Third Target: $8.50 This trend has proven reliable time and time again. Whether you prefer futures or spot trading, Bitxer offers insights drawn from a wealth of experience. 📊 Don't miss out on this complimentary signal! Join us in capitalizing on the potential gains. 🙌🚀
Long
by Bitxer_PK
The Power of Three - NEOUSDT Support Zone Study💎The #NEOUSDT daily chart has been exhibiting an intriguing price action pattern that's worth our attention. Of particular note is the remarkable resilience of the $6.76 support level, which has seen the price bounce off it three times consecutively. This support level coincides with the 78.6% Fibonacci retracement level, further enhancing its significance. 💎In recent days, #NEO has been on a consistent upward trajectory. Given the consistent respect for the support, the probability leans favorably towards a continuation of this upward movement. 💎For prospective buyers, it's essential to identify potential profit-taking areas. There are two notable levels of interest in this regard. The first is a minor resistance near the psychologically significant $8 level, which also aligns with a double Fibonacci level. Notably, bears have put up a strong defense in this price region, making it a likely initial profit-taking zone for buyers if the price continues to rise. 💎However, should this resistance level be breached, the prospect of an extended uptrend becomes more compelling. The next target for #NEOUSDT would be the $9 area, which holds significant importance. This zone corresponds to the 61.8% Fibonacci retracement level, the 200 Simple Moving Average, the long-term downtrend line, and the Volume Profile resistance. 💎For the MCP team, this constitutes a key price area to monitor closely, as a breakout above it could signal the initiation of a long-term uptrend. Nonetheless, Paradisers, it is imperative to continue monitoring the 78.6% Fibonacci support level. Any attempt by the price to breach this level should be regarded as a robust warning sign of a potential continuation of the downtrend. 🔍 Keep a watchful eye on these critical levels as the price action unfolds.
Long
by MyCryptoParadise
NEO/USDT prepare for bullish move? 👀 🚀 NEO Today AnalysisParadisers, gear up for an exciting opportunity with NEOUSDT! After touching a bullish Order Block, it's primed for a dynamic upward surge👀 💎 In the wake of recent market volatility, NEO experienced a significant drop but has since regained its bullish momentum. 💎 There's a Bearish Order Block above that the price has already tapped once. We're optimistic that it will revisit this level, given the remaining liquidity. 💎However, if the price breaks through the demand zone, consider a short entry to capitalize on the situation. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
1 hour short elliot wave 1-2 setupafter a 5 wave move down(indication of downward trend) neo pulled back in a corrective abc structure(with overshooting b wave). this correction looks complete as it came into the grey fibonacci area with c wave completing all 5 waves in an ending diagonal. There is a good chance that the top is in and price is reversing in this grey fib area. breakout of the blue trendline of the ending diagonal is the first confirmation that the top is in and that 3rd wave rallyhas started with a minimum target of 6.6 .
Short
by kitsunamata
Bullish 📈 on $NEO for a price target of $89 🚀🚀 The Bullish Case for NEO 🚀 I've analysed the NEO chart, and I find the technical indicators suggest to be oversold. This is often a strong buying signal and, combined with the fundamentals of NEO, makes me decidedly bullish. It is not financial advice. 1️⃣ Oversold Territory: The recent market correction has pushed NEO into oversold territory. Historically, these have been excellent opportunities for value investors. 2️⃣ Target Price : Given the current chart patterns, I am expecting NEO to bounce back and reach no less than $89. 3️⃣ Past Cycles: NEO has shown strong resilience in past market cycles, demonstrating impressive growth and recovery. I think that it's poised to follow a similar trajectory in the near future. 4️⃣ Smart Economy: NEO has a growing ecosystem of dApps, which could push the demand for NEO even higher. 5️⃣ Scalability & Efficiency: With its dBFT consensus mechanism, NEO provides high transaction speed and reduced energy consumption. 6️⃣ Interoperability & Quantum Resistance: NEO's commitment to quantum-resistant cryptographic mechanism positions it intensely for the future. As always, this is not financial advice but my personal opinion based on my own analysis and research. Always conduct your due diligence when investing.
Long
by Joy_Bangla
1