We have a head and shoulders pattern here. TP is 12.5 and this exactly the 78.2 fibo level. Good enough to buy it.
need to watch the price very carefully these next couple days. News coming out of China could make or break NEO at the moment
NEOUSDT recently formed a bearish continuation pennant. it already has started to break downwards, which may confirm this movement. target price is roughly the $20-19 support level, but this is no guarantee. trade at your own risk.
Chinese panic force us to go down, TP - 15 usd
The news of China banning 'ICO' funding has had a big impact on cryptocurrencies, hitting all major markets worldwide. On top of that, there are now rumours that the Chinese government might start inspecting exchanges. NEO came out shortly after saying that they would refund investors who participated in the 'ICO', swiftly complying to the request of the...
Bullish flag + bullish trendline and sell buy targets 4H
China ICO ban is temprorary. Wait until we break the flag.
in the past mount we have been experience the down trend for NEO ... but since yesteryear it seems like break out the trend and and some sign of up trend ,, we looking for the break the pink slope line then time to buy for sure for long .. i hope so ... NOT a financial advise .... Good luck ..
NEO bulls were just waiting for some confidence the low of the fear dump was in, and news provided the catalyst. Caution of overbought conditions as we consolidate. News breakouts are a great opportunity to flip and reload more coins. As I write this hourly RSI is still mid 80s as we form a bearish reversal spinning top candlestick, though still 35 minutes...
NEOUSD is in triangle now. But when it break 29$ in past days it confirmed its down trend. RSI is good now. It might break its triangle to up. If it can it will try 29$ resistance. If it can not 15$ support is important.
$NEO rebounding about to breakthrough 100dma, headed back toward $25+ in near term. #neo #cryptocurrency Note: Idea/opinion, not investment advice.
Neo has been compared to one of the biggest cyrpto in the market right now; Ethereum. This gives NEO a lot of value and expectations to live up to. Because of this, if NEO is low, many investors and traders, will find it to be a great opportunity to buy NEO at a low price. NEOBTC is now falling down back into the 61.8 fibs level, which sits right on previous...
For me, this is a long. A good & strong base for support. I think we will never see this point again (28$) hopefully in history. Good time to buy in my humble opinion. Ghost month will end in few weeks. Positive reactions always welcome :)
As you can see Neo retracement and is gettign towards the end of the triangle wedge and a breakout is imminent. The RSI is looking good and the other indicators are signalling buy. How high will we go im not sure but now would be a good entry point. We may go a little lower to 31 and then hopefully up to a max of 45 im guessing. If volume and momentum is good we...