Hello everyone this is a short term analysis on NEO/BTC pair.
The chart looks bullish at the moment we can easily make a 10% scalping.
Just keep an eye on Dominance too.
I'll keep this chart updated.
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...
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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In last NEO analysis, I thought, this will be only ABC correction, but it ended up as an impulse 3th wave, so now we will very likely see 5th wave, which should take us to 1800 satoshi. I am putting my stop loss to 1376 satoshi, so risk reward ratio is pretty awesome (14).
NEO (NEOBTC) started to grow in late October 2019 after hitting a low in September. It managed to gain strong momentum and break above all major resistance levels in the form of EMAs, peaking just shy of hitting EMA300 (gray line).
After a strong bullish move, a retrace follows... and for NEOBTC prices remained really strong and quickly moved back above EMA200...
It is worth paying attention to the NEO coin, the price of which completed the correction within the 4 waves.
We recommend buying a cryptocurrency pair in order to take profits above the level of 0.002.
Great time for neo as the Chinese news is making the market rosy, price manage to breakout from the very long term falling wedge. At same time the downward wave seems also to be completed. I expect rapid move to follow with this.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk...
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
To me this chart is saying quite a few things.
When zooming out I can see a historical support and resistance level is .00133820
On the day chart, we have completed an inverse head and shoulders.
After our breakout we have managed to start to form a neutral pennant suggesting it will breakout either way.
A fib retrace suggest that we have bounced off the 50%...
NEO (NEOBTC) has a super bullish chart and is now moving above EMA200 (bold orange line)... This can lead to so much more growth.
On the chart above, we can see that the bulls are now in control with big volume coming in.
The MACD is really strong and allows for plenty of additional growth.
The RSI is also strong now reaching what we call "overbought"... It...