Neo is at the bottom of a huge upward channel and now formed this bullish triangle formation what indicate us that it will continue at least for now with its upward movement. We recommend to buy above this triangle for a better profit/risk relationship.
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For more than a month now, the correction of the insane NEO growth has been going on. Uncertain buyers' breakthrough of the mark $21.56 was a catalyst for the downward wave beginning. Sellers return to the $21.56 mark motivated us to come up with an idea that worked out perfectly.
Since the idea was published, the price has fallen by 20%.
At the moment,...
Neo has been one of the favorite cryptocurrrency for crypto-enthusiastic. So, Neo has the distinguished cryptocurrency in the past bull run on 2017 when the maximum that NEO reach up was of $207 USD. So, I believe that this crypto have future in medum to long-term. But, what did this cryptocurrency so different for others cryptos?
But, What is NEO?
1. NEO it's...
I have a lot of love for NEO from the 2017 era and with NEO 3 coming in 2021, very bullish on this project.
Managed to pump even at a time that older projects were suffering, embraced DeFi and now exploring other areas including file storage.
Fundamentals are good and the project still has a lot of goodwill from the famous epic pump during the first...
Neo is like the Chinese version of Ethereum. It’s currently plowing ahead with a massive overhaul, called Neo3, which will make Neo faster, more secure, and more efficient.The Neo team also recently launched Flamingo, a full suite of DeFi tools built on the Neo network.
Flamingo is like Yearn.Finance, Compound, Maker, Synthetix, Perpetual trading, Ren, Curve, and...
NEO made a nice push today,however, it is now facing a hard resistance.
Below we can see higher lows forming which indicates an uptrend.
If BTC stabilizes overnight we could see a push here over the resistance. If NEO breaks over it can go to th $20 levels.
However, if NEO bounces of the resistance it will retest the trend line and make a higher low.
Hey, I am back with another Analysis, but this in more depth looking at NEO/USDT .
So as you may know, many altcoins are breaking out as we are currently in the alternative coins season.
But, do you know how to enter, or spot the breakout before it happens?
Cryptocurrencies makes this very simple in the alt season.
Why you ask? Let me explain.
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.
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On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is...
NEO is looking interesting to me at the moment; a great looking chart.
On the 4h chart we have a change in trend with a higher high proceeded by a higher low (bullish).
Then followed by a double top with a divergence in rsi and lowering vol (bearish).
At the time of this chart we could be making a perfect Larger Double Bottom (bullish).
If it breaks the blue line...