There are always multiple scenarios possible... We prepare for all of it and we are even ready to take a loss anytime, but we are happier with taking profits. And since that's what we like, that's what we do... Namaste.
Let's get started with this NEO analysis by request... So feel free to hit like now and allow me to entertain you all the way.
NEOUSD (Binance) We have tree targets for sell.
- News around cryptocurrency is too good.
- Looks like this summer will be very hot!
- Trend lines from past interact well with current local Trend bottom.
- BTC Dominance is down (we have long target)
Target 1 = $44.16
Target 2 = $63.55
Target 3 = $77.00
Just look at the chart. Isn't it sexy enough?? Waiting for a retest arround 13k sats when btc will hit arround 8800$ and i'll add a fat bag. Taking 75% of on the first Major resistance because i don't think we will get that good of a run like the good old times.
Although NEO managed to crawl up 30%, back to resistance, it was not able to turn this level of resistance in support (See previous idea).
The resistance rejected the bulls, and now definitely looks on it's way down to the support level, a ton of pain further..
NEO (Huobi) Good start for To The Moon From $10.75 >>> ... ???
On weekly chart, we struck previous candle and we formed a positive signal to enter.
Now is very actively growing at NEOUSD and NEOBTC.
I am expecting a breakdown of the price of $13.85 soon. This is first goal!
FYI my trend lines are drawn on the monthly.
To me it appears NEO is hitting the bottom trend line in a falling wedge, from here we either break below 1500 and free fall as others are saying, or we hold and bounce back to the upper trend line of the falling wedge. What do you think?
This weekly looks so bad for the bulls weekly is trading under the weekly S/R level and also closed under the last defense level (red line). I think Neo will go down 48% from where we are now.
I would be interested in taking a long once we test that level i pointed out altho i will not long it blindly. i would like to see Daily bullish price structure for me to...
Will we see $16 and then $26? Or will we see sub $4 prices for NEO? We're at the breaking point here. 2-year lows on the Bitcoin ratio as well. Definitely one of the least bullish looking altcoins. It's encouraging, however, that we're still in our uptrend against the U.S. Dollar. NEO needs to bounce here in order to remain bullish, so this would be a final buying...