Hi dear friends, hope you are well and welcome to the new trade setup of NEO coin with BTC pair.
On a 12-hr time frame, NEO formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
There's a new NEOBTC short-term opportunity that appeared on the 1h chart:
price is showing lower-lows while CCI and RSI are showing higher lows: this is a bullish divergence
RSI is oversold
MACD is about to cross the signal line
Profit target is the yet untouched daily pivot point
A classic divergence setup on the hourly chart of NEOBTC: price was making higher highs, while an oscillator (commodity channel index, CCI) was making lower highs. A clear sign of a trend reversal.
RSI was making higher highs, so that's not supporting the divergence idea, but it is increasingly overbought and this is of course an additional sign for a...
As we can see, it is well supported in the 530 price range and the price has been well supported many times in this range, and I expect the end of the downtrend and the start of the uptrend after breaking the RSI downtrend line after 270 days.
Neo has the potential for a breakout. currently, NEO holding on an old support to BTC pair and can make a swing to the following targets in the midterm and long-term. the structure is a falling wedge with a violated resistance labeled as R1.
NEO to USDT is also bullish. currently at an attempt to break through its midterm channel for a swing to its midline....
Neo is currently trending in the green channel, if channel is broken the last support line is the red line. As long as Neo follows within the range of the white EW this play is possible.The 3rd wave cannot be the shortest and wave 4 cannot fall below wave 2 so these are basically the last bullish scenarios left. If red support line is broken this chart is invalid,...
Enter where price closes near the 50% Fibonacci Retracement Level. The confluence factors are Support Resistance Level, EMA 10, EMA 20, and 50% Fibonacci Retracement.
I SEE The double bottom pattern...
double bottom pattern entails two low points forming near a similar horizontal price level and signifies a potential bullish reversal signal. A measured strengthening in price will occur between the two low points showing some support at the price lows.
NEO to the moon...
Neo/BTC will buy two or three points on the weekly chart. In bitcoin modification, it is the best place to buy altcoins. I have no idea how much you want to buy or where to buy. Why?
Because at this moment, Neo is falling apart and with patience, you will earn a good profit.
Now look at the chart. Our distance to weekly MA200 is more than 180% profit. Will we get...
Nice support on 2.618 on the chart vs BTC
+ global downtrend already has been broken
Chart vs USD needed only for possible ressistence and price targets
Very possibple in near future, if market won't crush
