Another coin which went through a very good month of February is NEO, with it's price registering a total growth of 29% based on the increased consistency of the trading volumes.
The month started slow, there have been registered sideways movements in the first days, but on the 7th the MACD and the Stochastic have announced the beginning of a bullish trend which...
Supported by the increase of the total market capitalization and by the positive trading volumes registered in the last 6 consecutive days, the price of NEO has followed the evolution of most of the coins and has registered a growth of 1.61$ or almost 23%.
It's important to notice that after the price has crossed the 20 days Moving Average, the first candlestick...
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...
NEO has taken a solid beating in this bear market as it is down over +90% from its peak back in January. After hitting lows below $14 for the first time since last September, NEO seems to not have a pulse as it remains flat where most majors have seen decent gains off their local bottoms. This, in turn, presents sizable gains to be made in NEO once people start to...
NEOBTC did a pretty textbook 5 wave correction on important Fib levels. Total correction of 85% in terms of BTC and 95% in terms of USD.
Blue line should now act as support and red line should be broken in the next week.
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...
Greetings everyone! Hope you're enjoying your Thursday so far!
Looking at the charts I'm seeing a possibility for us to revisit the area around 50-60, but we'll need to confirm this by breaking the resistance around 42. If we do fall I wouldn't expect a large drop, but I'd say it's going to follow whatever BTC does at this point so keep a stop-loss just in case....
I am predicting a retrace to the key .236 fib level, from there to continue NEO/USD clear downtrend to the key 49.00 S/R level where we may see some consolidation back up to the trend line.
I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for others every day! Bunny Token...
The NEO market has been nice and volatile against Bitcoin recently providing excellent trading opportunities for the shorter term traders. Lets take a look at the chart.
The 1day candles give us a clear view of the recent carnage and a good idea of the immediate support levels.
The experienced trader will notice the massive cup and handle is busy forming.
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...
There is possibility of temporary retracement to suggested support zone (0.00962 to 0.00815), if so, traders can set orders based on Daily-Trading-Opportunities (Priace Action) and expect to reach short-term targets.
.Beginning of entry zone (0.00962)
.Ending of entry zone (0.00815)
TP1= @ 0.0123
TP2= @ 0.0144
TP3= @ Free...