Neo looks to be forming support. Two broken trends and a descending triangle for support. Look for test of triangle break.
NEO continues to look weak after hitting highs of $20 a few ago but that is all forgotten now that we are staring at a possible $17 handle again. It has constantly found resistance at the EMAs and they finally did crossover, which saw a big spike down in price a few days ago following BTCs drop. It did break the demand zone, which has now turned into resistance...
BINANCE:NEOBTC 1. Target : 10000 Sats 2. Target: 8600 Sats 3. Target : 11000 Sats
NEO' has been respecting both triangle trendlines. Recently, it tried to break above the upper trendline which works as a resistance but can't manage to push through from there and the bottom trendline which is also the major counter-trendline (it works as a support) has been several attempts to break through but this level has held us pretty nicely. Currently,...
NEO had a very nice run higher after retesting the 61.8%FIB level BUT failed to make a higher high and starting to show signs of weakness. We are have currently bounced inside the demand zone near the FIB level but seem to be finding resistance at the EMAs. MACD continues to trend lower and signal line has crossed the midline while RSI is still trying to test...
NEOBTC : formed the pennant, waiting for the break downward.
NEO has started to show a pretty bullish price action, it has a breakout from the triangle upper trendline and currently, it attempts to do a breakout above the round number $20. NEO has left behind the EMA's plus 50 and 100 EMA's starts to make a golden gross which will indicate that the bull run may continue but currently we have to fight with the strong...
Neo is on the major counter trendline (short-term up-trendline) and if the BTC' finds the support from the current Fibonacci level at 62% then NEO' has a pretty good and safe platform to bounce upwards because the price structure forms the higher low! The first target would be around 5% where is the historically strong support and resistance area plus...
Neo bounced nicely off the 50%FIB level back on the breakdown from the channel and has since bounce off the demand zone and is trying to make its move back up to the supply zone around the 1.618%FIB at $19.50. There is a resistance spot around $19 before getting up to the supply zone but RSI looks like it could be coming down after getting near resistance. While...
Bulls need to hold 0,002 level and we are very, very close to that level. It's like last line/zone in the sand. Good thing is that we left downtrend channel but still lower levels possible. Anyway as long as we can hold 0,002 based on daily close rally at least towards 0,005/0,006 is on the card.
All explained on the graph. For more information on Bitcoin BTC , ZenCash (Horizen) ZEN and NEO & GAS look here:
Technical analysis: . NEO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability...
Technical analysis: . NEO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability...
As simple as it was before: with a rather long trading around the global support, NEO is rather likely will switch to a new – higher –zone (maybe, after the short drop before that). If it will be followed for one more step upwards, we could expect a new rally very soon. From my standpoint, NEO will be the one of the strongest players in a future bull-market....
BITFINEX:NEOBTC PA (Price Action) of this pair, and the crypto markets in general (especially altcoins), is currently quite bullish and we may have found a potential bottom with what looks to be a capitulatory Volume spike. NEO/BTC seems primed to break to the upside after consolidating for a little over a month on top of the Demand Zone @ 0.002650, which is a D3...
NEO BREAKOUT SUCCESSFULLY I DRAW SOME SUPPORT AND TARGET LINE KEEP EYE ON NEO THANKS WISE YOU SUCCESS