Neo gained solidly so far.
We've seen how strong NEO held while being strongly opressed by Bitcoin.
Now, new has double bearish daily crossover (marked on a chart), so along with Bitcoin, will sink from this instace.
Either open shorts or simply go to USD untill Bitcoin pressure is done (expecting Bitcoin drop to 9150$), therefore Neo should drop...
Today’s update will be on NEOBTC, potential bottom and bullish divergence!
Points to consider,
- Overall trend is still bearish
- Next major resistance is at .50 Fibonacci Retracement
- RSI respecting uptrend (Need third touch to confirm)
- Stochs showing upwards momentum
- Volume declining
- EMA giving price resistance currently
NEO still in weekly downtrend, however starting to look real good on weekly vs $BTC
Break of 24 month falling wedge
accumulation on convex structure, possible cup and handle continuation
break .0015 and the next resistance is at .0025 sats
fundamentals are also bullish for NEO
I will be keeping an eye on this one for the rest of 2020
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...
Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend?
Points to consider,
- Trend broke lower low structure
- Local support in confluence with .618 Fibonacci...
Not able to hodl ~1500 sats for the second time making a LH & now falling below it.
Rejection from here could be interpreted as S/R flip and entry for a short position w/ 1st target at ~1350 sats..
UCTS Sell signals on the 12H and lower TFs
Spotted broadening wedge with price bounced from the bottom level of the wedge, with a major wave cycle completed.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to our risk management.
Level to watch for are:
POSSIBLE ENTRY ZONE
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After crossing a important downtrend line, form an reverted head and shoulders and does a pullback the neck line. Neo is in a excellent buy zone and excellent target.
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Best Regards, Sandro e Gustavo.
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i published NEOBTC update in Oct 2019 and almost predicted the exact bottom
as of now NEO prices have grown by more than 90%
already my given two targets have been completed and now NEO is looking to aim for the 3rd and 4th...
The coin has been gradually moving upwards for a number of recent days. Several important resistances were broken and flipped into supports.
I can see a huge demand, bulls are much stronger than bears. Moreover, there is a hidden bullish divergence on the 4H chart which can push the price upwards locally.
Targets on the chart mentioned for long-term holding,...