NEO is going up. RSI with room to growth. Fibonacci levels as targets. GL!
The market failed because of the news that China "potentially" will regulate the ICO. At the moment, I see that the RSI is near the oversold zone, as is the bullish divergence. On the chart, you can see the falling wedge pattern (reversal). Also there is a strong support at 29-30. The levels for buying can be about 33 and 35 if there is a good volume. Good luck!
NEO is returned to its 0.5 support level. Aug 29 wick from the massive selloff that occurred across crypto alt currencies, however price quickly rebounded to the 0.5 level at $33USD indicating a strong level of support at this level. NEO is resting on this support level, hourly RSI is still oversold and MACD histogram shows a current upward momentum. If price...
Oversold dump giving patient bulls an opportunity for an oversold bounce. 4 hourly oversold RSI combined with every smaller time frame, was a by opportunity with other clues like volume climaxes and hold of support. I personally would just be looking to capitalize on this profit in the short term for an quick flip and then step back and watch the likely...
Looks like that NEO has a triple bottom with a bullish divergence. DMI also shows that bulls are getting stronger. Break the downtrend line should be confirmed by a good volume. Pending buy orders may be placed above the local swing high at ~41.5. Good luck!
NEO forming two text book triangle formations. Coupled with BTCs most recent pump ending, it could be NEO's turn. Possible triple bottom inside of smaller triangle as well. RSI is all but floored, looks good.
Neo Coin has built a great blockchain supporting Smart Contracts Like it's contender Eth, smart contracts have employed the launches of numerous ICO's that push innovation beyond the scope of the original conceptions planned for such blockchains. As there is a correlation coefficient between the BTC and Neo, BTC's rise can have an impact on such a gain for...
We were watching this NEO pattern for the last 24 hours and the bulls have finally broken bullish. To show lots of strength the bulls we need to consolidate and break $42 turning it into support. The daily chart is now much more in favor of a higher low of consolidation being set. $42 is the number for the bulls to watch for the rest of the day.
Based on the 4H chart, we can draw a reversal chart pattern like a double bottom. It's a signal that the market is going to continue the previous uptrend. Pending orders for buy should be placed above the local swing high at 41.50 level. Stop orders must be below 30.00 level. Profit targets should be at 52.50 and 60.00 levels. Also the part of long positions can...
Looks like we have completed the correction cycle and poised to chase the $100 mark longterm. Check out how I called the correction play by play here:
Looks like possibly a double bottom has formed (1 hr time frame), NEO could be making a move back into the $40’s. IMO NEO has very good long term potential.
NEO has overwhelming fundamental support in China. Decending wedge is consolidating around the $32 mark. Looks like a rally is incoming
In a previous post I shared a few points on why I believe NEO is a good coin to trade/hodl. If you take a look to Ethereum's chart around March 2017, you will notice a similar behavior with NEO... well, let me rephrase that, if you compare a current chart of NEO with an Ethereum chart from March 2017, you'll notice a very similar behavior. NEO is being called...
The market broke through the local downtrend and, probably, reversal Head&Shoulders pattern forming. Local swing high is approximately 43, I think it is a good point to enter. Someone very large entered the market, the biggest candle is seen on the chart. And some fundamental support: NEO has 3 meetings in the next few days. One of them is with Microsoft.
If we look at the 4H chart of NEO, we can see a trend reversal chart pattern. Head & Shoulders pattern on the top gives a signal that the market is going to move downward. For confirmation this price movement, we'll need a price breakout below the signal line of H&S pattern. If so, the market will be able to drop to 15.50 level. For reaching this target based on...
Probably the market is ready for new highs. The market is trying to break the downtrend line. MACD lines are crossed, the histogram also shows a positive trend. RSI turned around and broke the downtrend line. Local swing high is about $48.6. To the Moon!