similar fractal pattern identified to the one bitcoin produced in the 2013-17 cycle!
If history rhymes, then the previous targets I posted are way lower than what we are going to see in the future
Idea inspired by trader: USCG_Vet
I hope you found it interesting:)
Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity.
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC...
NEO is showing heavy bearish signs on the daily chart. On shorter timeframe analysis, it shows multiple rejections with wicks on the upside. However, thats a sign of stop orders forming clusters which could result in a larger wick to the upside and then a crash down. On 1h timeframe we can see that it has formed a large consolidation area which it kept on failing...
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(NEOUSD 1W Chart)
If the price holds above the 23.66260578 point, it is expected that the uptrend will continue.
In particular, if the price is maintained...
NEO king is here lol , check related ideas down , we followed neo since 20 $ to 140 $ , btcdominance is bearish , usdt.d is falling , but i expect correction in the market so you can accumulate in support and sell at tps , stop will be prire fix down of support
Simple idea. Note that I didn't keep the timing of the market in mind. This can develop over a longer time frame.
A wick below the uptrend to the lower 20s is still possible in order to provide liquidity. As long as it's a wick and the daily closes above the uptrend, this idea stays valid.
I say it proudly. We will soon see that Ethereum reaches the value it deserves. It will compete much more closely with Bitcoin.
Don't forget your Tp and Stop-loss adjustments
Now we are back to the psychological limits.
Watch out for the White Devil.
Big Fixes Brings Big Upgrade.
Stop-losses are exploded in two directions on the white devil.
But the rise is...
If Neo breaks the 60$ zone and consolidates above the resistance zone, it can go up to break the ATH for the next weeks.
This is not a piece of financial advice. Do your own research.
Welcome to this analysis about NEOUSD, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we should expect in the upcoming times. As I discovered NEOUSD is developing a very interesting formational structure here especially with two different formations forming that will be the origin...
Mid term / swing traders look for retracements. When everyone is mid-term bullish - it's probably a good signal to short, or at least to get out of the asset, especially after last weekly candle exposing weakening bullish sentiment.
The pitch-fork works usually until it doesn't. More crucial in this chart is rather the 200 weekly moving average, which presents...
After four years of stable MainNet operation, Neo is undergoing its biggest evolution as it migrates to N3 - The most powerful and feature rich version of the Neo blockchain to date.
Since BTC starts to pump again, NEO will explode shortly.
So what do you think about it?