Alligator is awake, large spread between the lips, teeth, and jaw. Currently sitting on an EMA level, looks bullish with higher lows present. Red EMA possible pullback target, as it is a strong support area.
Keep an eye on this one.
A possible breakout of 0.0014 which is equivalent to breaking the neckline of the inverse head and shoulders pattern could propel NEO very high and repeat what dash has done.
I would be waiting to see what BTC is going to do before taking any trades.
Take this as an informative post, not a financial advice.
Good luck :)
Price actions of 19th laargest cryptocurrency NEO with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone.
Lets have a look on the NEO priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's...
Price bounces after touching the 200 Day MA as support, if NEO can hold the 0.5 Fib level, it is likely to continue higher up to retest the previous swing High at 1500 sats area.
otherwise, closed below 1150 sats will give pressure to the downside.
NEO Technical Analysis - NEOUSD - 63%-443% Profit Expected
BIG Trade Coming For NEO...4x - 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
For Bigger Time-Frame
Target Profit Range - 13 - 32
NEO still fighting to get some top position in the Altcoin market, but in general NEO is going south, and it will be for quite some time, it probably will visit an old candle that it printed in NOV 2017 down towards the 0.00008600 area
So the new range will be: 0.00008600 btc - 0.00030000 btc
Only for entertainment purposes
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Keep an eye on NEO. Looking at its daily chart, we can see the price action has broken above the downtrend, has rounded its bottom, and is moving upward. The MACD is also demonstrating buy signals with a bullish cross over the signal line and it is very close to crossing the zero-line. NEO has never been this low so scoop some up if you get the chance, and earn...
At around $9.5 NEO is at a place where the lowest it can go is $5.50 and the highest is around $22.00. This is the kind of trade you always want to take. BTC looks to be in the middle of a secular bull market, up is the only way it can go -- with some retracements here and there -- and it will pull NEO along with it. If you get in now this trade will take a few...