📌Short intro:
Simple ideas - No junk * Full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or like if want to send support * FX - STOCK - CRYPTO *
💡 NEOBTC technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect...
The Chinese Ethereum...
NEO will explode when people realise its impact. China will have to face crypto adoption at some point and it goes without doubt they will want to use Chinese alternatives to Ethereum.
Breakout on this one expecting $100 by the end of April...
NEO is currently testing resistance at the 200 SMA and forming a bullish ascending triangle. Breaking above the 200SMA has preceded huge gains in the past.
If BTC pumps, it will invalidate this idea. If it ranges, keep an eye on this and buy the breakout / retest!! Targets are marked at fib/support levels
short time trading:
this is a contracting triangle pattern.
we are now in wave (e). the last wave, appears to be of the running flat type.
in this case, after completing the E wave and breaking the $ 22 resistance, the price will start its main move towards the $ 80_90 target (until January 2021).
SL = 10 $
target = $ 80 - 90
good luck
once dxy loses its fascination with the possible 2nd stimulus in the US, as the rest of the crypto market, neo will take the wind behind and break the first and the most important resistance. the other resistances are not as strong as the first one. this shall go moon
Been trading this setup for a while, didnt think it would break through the right shoulder because the bullish atmosphere in the markets so I didnt pull the trigger hard enough, but now we know, trust the patterns!
In 1D view of BINANCE:NEOUSDT chart we have a strong support level which pushes the price above this are. Therefore we need to watch the chart for a signal for entry and that signal is our resistance level. If the price moved above this area we can put our long.
Make sure to subscribe!
hit the like button if you enjoyed it!
leave a comment below and let...
Mid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00173).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts...
