Despite the BTC growth, sellers on the NEO chart feel pretty confident.
Fixing the price above $18.50 could trigger the growth to $20.16.
This is the level that sellers should start to strongly defend.
But so far this has not happened, and the entire crypto market is supposedly preparing for a correction. NEO may begin to fall in value too.
NEO has been turned down in the 21-22$ zone and NEO is heading to the 15-16$ zone. This is a good place to buy for a strong bull run later this year.
The 21-22$ zone is currently the most important resistance NEO needs to cross in order to continue its uptrend
-Buy: 15-16$, SL if B
-Buy more: 21-22$ if A, SL if B
-Sell: 33-34$, SL if...
Picture explains it All.
Using 0.618 Fibonacci Retracement + 1.618 Fibonacci Extension - this is the price action I predict coming ahead.
Note: This is only price prediction. The WHEN (Dates/Times) is not being predicted.
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- Massive head and shoulders pattern is currently forming on Daily chart
- The main Trend line is also broken on LOG chart
- The price is below 20 moving average
- This formation is bearish and we can expect lower prices in the future - my target is around 10 USD
- If you use Volume Profile (Fixed range), you can see a good support level around 10 USD (Point of...
Realy good entry for swing trading.
Stochastic: Crossing up
Volume: decrease when price goes down (4th Wave)
Price stopped at 0.618 FIb Retracement of all the swing and 3 Weekly Candles confirms the bull move.
I Think it's a good entry.
Everyone has to do their own analysis, that's only my vision.
Forming falling wedge and in downtrend since last 19 September
It can drop and retest horizontal support area below or trendline support and then rebounce
But best buy area is after break trendline resistance
Wait patiently and you can buy after break or retest of trendline resistance
Good luck and happy trading
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If the price will approach the Support zone sharply we should look for an accurate Buy entry above it.
It falls a lot of time and the correction can be huge!
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Before to trade my ideas make your own analysis.
Thank you very much and thank you to the responsive commentators for their understanding.
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On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is...
What Is NEO?
NEO was founded as AntShares by Da Hongfei and Erik Zhan in China in 2014 and was rebranded "NEO" in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts. NEO aims to automate the management of digital assets through the use of smart contracts, with the...
Looks like NEO ( BINANCE:NEOUSD ) will retest the previous support, between $4.5 and $7.5 (look at Red box), completing the bearish megaphone, and if the bearish megaphone breaks to the lower side, then it will retest the previous support below that, of $1.89.
Do you agree?
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False break out and there is no downward movement.
Level 16.6 is surrounded by a zone of interest.
Level built on two maximums.
Breakdown of the slope locally tested on 1H timeframe
Global trend bullish
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These ideas are not a channel with signals and I do not give recommendations on the...
DMI: Weekly dominance before a 4th wave.
Stochastic: on bottom starting a cross.
If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B.
SL: over 50 EMA ($14.2)
1ST TARGET: 0.618 FIB ($23,7) +46%
Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA .
2ND TARGET: 1 FIB ($30.1) +86.67%