The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85. The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave)...
The previous Neo idea worked out completely . It's time to update our vision of the NeoUSDT possible future price movement within the frame of the global short idea , which is almost 2 months old. Neo reacted relatively weakly to the BTC growth compared to other altcoins. It looks like the big money isn't interested in a coin at its current price...
Recently, there has been a lot of encouraging and positive news on NEO. As a result, x5.5 growth in half a year may still reach x6. The final stage of positive news should be in 4Q 2020 and the result is the launch of NEO 3.0 Mainnet. However, it will be later. At the moment, we believe that this parabolic and uncorrected growth should be cooled. So, in...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0012). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NEOBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0012). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NEOBTC is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Technical analysis: . NEO/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect...
Technical analysis: . Neo/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price...
Technical analysis: . Neo/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price...
Conclusion for today's NEOBTC analysis: Price closing above ~0.001665 implies more bullish upside in NEOBTC Intraday timeframe analysis of NEOBTC is presented using a candlestick chart. April 05, 2019 to May 14, 2019 saw NEOBTC remain inside of a bearish channel that is shown on the chart with a breakout following a day after. The bullish implication of the...
The Foundation of NEO altcoin was trying really hard on creating the most secure network, which supposed to be fully decentralized as well. has for the longest time been working on ensuring that the network is fully decentralized. The latest from the organization is that is ready y decentralized at least four of its seven nodes. NEO has seven nodes in total, five...
NEO is down to around $26 and it is now on a new all time low from November 2017. 4 hour RSI is showing a bullish divergence which is a strong reversal sign. It has a huge potential to shoot right back up to $90 range which is aroun 250% profit. My play would be to start laddering my positions (Buying in small chunks). If you want more conformation you can wait...
We nailed it, guys! Our patience in NEO paid off. We bought the dip and took some profit ($36 - $38). So what now? Given RSI and Stochastic are quite maxed out in the 4 hour chart, I believe we may see some sideways consolidation from here which would bring price down to somewhere around $35 (maybe even $33) before any sustainable upside movement can be...
NEO appears to be completing its correction waves soon with a Falling Wedge pattern that promises upside potential. We will buy the dip when price falls into our trade entry level between $29.50 to $31.80. Give this chart a LIKE if you want more updates for NEO. Good luck!
Friends who follow me requested that I do a proper analysis on NEO against USD so here we are. A buy opportunity has presented itself at the level as indicated on the chart. This would be a good level to open a NEO trade for the long term. The tendency for price to retrace upward from here is very high. This pro trade is aimed at maximizing profit over a short...
Since the big drop down to $70 Neo recovered nicely and we have been trading in a tight range between $100 to $120. The market is getting ready to show us which direction it wants to go with the prices coiling ever tighter. Seeing that Bitcoin pushed to higher levels yesterday I would expect NEO that is actively traded to play catch-up vs the US Dollar...
Neo has performed very well against Bitcoin during the recent “crash” and as a long term Neo holder I couldn’t be more happy. Looking at the chart we can see that some sellers are taking profits in the higher zones and we are experiencing a nice sideways movement. This is typically what we see when markets correct before they move higher or lower. Neo is moving...