NEO currently in this daily triangle setup if we go above 40 then target 45/50+ if we break below 30 then target 25/20 see what happens after one of these two outcomes happen good trades
As you guys have probably noticed by now, Bitcoin is rallying and gathering fomo in anticipation of the ETF's, while alts are losing their value. This is because everyone is selling alts to ride BTC. Very bad news for alts, but it's a cycle that has been happening over and over in relation to satoshi value. Bear in mind that its using data from previous Bitcoin...
NEOBTC broke support of falling wedge. Could be false breakout of support but retest likely to fail. On failure return to support at 0.002
NEOBTC is on a 1D Falling Wedge formation (RSI = 31.031), which is slowing down on pace as it approaching the exhaustion point (Highs/Lows = -0.0006, MACD = 0, B/BP = -0.0012). Our approach is to short with TP = 0.002911 and then consider the reversal neat the 0.002000 1W support.
NEOBTC Bullish Gartley forming. Look for entries very soon. Targets 38.2 & 61.8 of AD leg. Goodluck
Reached my target on neo very quickly and it is now retracing back to support. Also appears to be forming a potential head and shoulders pattern. If the previously respected level of support does not hold this time then we may see neo head down further to retest the weekly resistance and trend line around the 48-490000 sat level. If the support holds as it has...
NEO finally broke out on July 1st and ran well four days straight. It is very clear to see the pullback is over. All the indicators have turned up and it's an easy decision to enter NEO for some profit from here. My trading strategy targets for NEO on Bittrex and Binance as posted on my Discord group: Buy up to: 582500 T1: 641000 T2: 699000 T3: SL: ...
NEO is doing structure action waiting for the rebound in fibonacci of 0.68% to be able to enter in long bounce zone according to the MM. regards
Neo after breaking the down trend had a big push and pull back. It is now sitting right at a daily support level which has been respected previously. A close above this support and BTC behaving could see another push up to retest previous structure. If it closes below or BTC decides to dump then it'll head down to retest a lower level of 4 hr support. Watching...
My reasons for a trend reversal on the NEO / USD as well as the NEO / BTC chart: -Price broke through diagonal resistance line which lasted for 6 months -RSI broke the bearish trend and seems ready for a reversal -Big increase on buying volume Good luck
Not a lot of us expected NEO to be under $30 again, but here we are. Another great buy-in opportunity or hard to catch falling knife. Falling Wedge is a bullish formation so we are looking for a breakout at upper red line. First level at which NEO can bounce upwards is at $23, enxt one near $12. --------------- DISCLAIMER I’m not a certified financial advisor...
We will start off with the already many times charted and traded 4h chart and then increase up until the monthly, to get a general understanding of what is happening with NEOBTC. I personally thought that it will be an easy chart but here I am again charting at 2am. Alright, what we see here is first of all the big blue dotted downtrend line. NEOBTC was...
Monthly Looking at our highest timeframe we see price respecting uptrend behavior with the multiple higher highs and higher lows. Stochastic RSI showing momentum continuing towards the downside with no signs of slowing down. Expecting price to reach our double bottom target within the next 2 months
Just touched Falling Wedge Support. IF BITTREX:NEOBTC repeats the Macro-cycle , then will range-bound within the Falling Wedge until Bullish Breakout. This is still a problem to where within the FW of the last cycle is. Green Dashed Time or Orange Dashed Time ? My hunch is Orange Dashed Time.
NEO has confirmed a downtrend after breaking through the 200 EMA support. It is still channeling in a descending wedge and will likely trail BTC. NEO is looking for support between $50 - $53 RSI is almost bottomed but will likely stay below 50.