NEOUSD is looking to find support here around the $30-$31 mark before heading up again.
Symmetrical triangle forming... lower highs and higher lows with a bullish continuation means a breakout is on the (near) horizon for NEO.
I'm LONG NEOUSD from here until the moon.
Enjoy the breakout!
:)
This pair is in very volatile mode
I will say that it has 2 possibilities which are down and up
or up and down
but most down the target will be around 27.5$
so I will say i think it has more chance to go down now
Trade with care
If you like my analysis please help to like and follow
Thanks
I constantly get requests for an analysis on NEO.
Whilst I like NEO as a crypto i don't like analysing it as it doesn't have enough daily data yet.
However, I do see a SHort setting up. Confirmation will be the breaking of the Support Line
R:R 2.82:1
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are...
Looks like Neo failed to climb over the major fibo resistance and remains in the descending channel. I am expecting further downward pressure against Bitcoin at this time.
Key levels to watch to the upside:
- Sub-fibo ressitance at 0.00688
- Key fibo resistance at 0.00768
- A breach of the downtrend line to the upside
Key levels to watch to the downside:
- End...
This chart is a little cluttered so bear with me as I break it down into its 4 major components, which show why I believe we are headed to ~$26 before seeing our target of ~$37 over the next week.
Blue Fib Time Zone 1 (10/2 - 10/5): We see the price react accordingly at the 2 and 3 Fib marks with the 5 mark lining up with the 5 mark of the Pink Fib Time...
MACD Confirms price reversal. One of the patterns are going to be fulfilled.
For educational purposes I added patterns to the chart.
Entry level should be around 32 level.
Profit level: Close to 37.
It's great long term trade.
Constructive criticism and comments are warmly welcome.
Neo has some bullish rumors that began its recent uptrend. rumors that NEO is working with the Chinese Gov as a possible contender for a national crypto, as well as the news that china is likely to resume crypto exchanges and trading under new regulations, similar to that of japan.
Since the news, NEO has entered the upward channel shown. The current pennant...
Looks like we have an symmetrical triangle forming indicated by the blue lines. There is a local resistance at $33 and the top 1-Hour Ichimoku Cloud (not shown) is at $33.3. I'm going for the safer breakout of the ~$33.3 (pink path) for reentry to take ~10% profit at around $36. If BTC breaks $4675, as mentioned in my other BTC post it will likely help pull NEO...
Oversold after Redpulse ICO yielding discount on $NEO; we won't see a price under $30 again barring a shocking level news event as we can see buyers are eating this up at higher and higher levels. Speculation appears to have accounted for 20% price movement through RedPulse; higher than expected considering hodling in Neon wallet generates free $GAS. Healthy...
NEO is still in an uptrend. From this point we can expect a new rally till the resistance on 39.
If NEO manage to break above 39 the next target will be around 53$.
If you have position you can hold. If you don't, you can buy now with 10% risk and a nice reward of about 70%.
Hey Guys,
We are forecasting an amazing buying point in new before it makes a run for the new ATH.
We did see a small upward spike during the hyped RED Pulse ICO, following which it heavily crashed more than 15-20%.
It's not advisable to have any open positions now and wait for it to be in the range (A), which will be the best buying opportunity.
Happy Trading :)
