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. Happy trading
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....
Technical Analysis 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...
NEO is witnessing Free Fall from failure to break 142, can it continue downwards ? Looks like yes. Check the potential Support Zones and forward path
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. I am...
First way - we can close long position near triangle top and then will open one more long if we'll break out it up Second way - keep long from now to goal
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...
Trading suggestion: 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) Take Profit: TP1= @ 0.0123 TP2= @ 0.0144 TP3= @ Free ...