NEO hits major support, correction expectedNEO is still way off from its all time high (ATH), hitting a major resistance level at approximately 45 USD.
NEO has been named the Chinese Ethereum, but has been struggling to meet this reputation.
I think NEO has great potential, as it only recently (last bull market, January 2018) showed big gains moving from 70,000 USD 24h trading volume to 1+ billion USD trading volume at the climax of 2018.
NEO is not yet listed on many big exchanges, which still is possible. One of them obviously is Coinbase, but also Kraken, and others have not yet listed this big project.
Knowing China will do everything to make the Chinese crypto projects beat the competition there is a chance this will help NEO. One thing is clear: it's very likely all top-100 projects will reach new ATHs.
Trade ideas
NEO on target to test and beat $50Neo has rocketed over the last few days, and rightly so considering its potential offering. Next stop is long term resistant level $50, which if broken will signify new highs possibly to $80 then $100.
NEOUSD Target Price 43.65Entry at 36.58. The rejection candle closing price on 13 Feb 2021 at 13:00 is 36.58. Planned forecast entry price was at 36.41. So, forecast was within 17 "pips."
Trend: Up
Level: 36.41
Signal: Pin Bar
Neo bull flag developing on the 4 hour?This is my first published TA. Can someone tell me if I'm right that this is a bull flag and why/why not please? Thanks!
Neo: same deal as Zcash (see previous post)don't want to get into specifics but Neo and Zcash are showing huge amounts of accumulation at an ice line.
NEOUSD Solid movementLet's see what $NEOUSD has to show us...
I'm looking to buy near ~$30 and ~$28.
First target ~$39
Second target ~$46
NEO right on time. Macro target 50% retrace of ATH $101.10. Lots of stairs in between, trade accordingly.
NEOUSD Entry at Support Resistance LinePrice closed above diagonal line and retest diagonal line. Price closed above horizontal line and retest horizontal line. Two entries. Entries at retest.
NEO - Next Target? NEO is currently breaking out of its final bull pattern before reaching 28.92
If the important resistance is broken and held on higher time frames, we can finally witness NEO's highly anticipated bull-run
Next major target will be around 48
Good Luck to All!
NEO looks EXACTLY like Cardano before the Pump Just look at NEO (candles) and CARDANO (red line) against USD, both patterns look almost identical to the detail. NEO only seems to lag a bit behind right now.
With NEO 3.0 around the corner, this looks like a super sweet entry now, almost perfect in terms of risk ratio.
BULLISH! Please like and share!
NEOUSD - Time to get out and double up againNEO is struggling to break the supply zone of $24.38 - $27.11, but when it does...let's go. Please give your thoughts on the charts. This is purely technical and I will be working on bringing more fundamental information in future posts.
Best wishes and happy trading.
NEO looks ready to go parabolicJust a short note as Elliott Third wave coming up for NEO. Bottom retracements look ready for parabolic action. Still a good value which is getting harder and harder to find in the crypto space.
NEOUSD Look for continuation correction to buy
Hello everyone:
Looking at NEO on the bullish opportunities for the buy.
We can see price has already formed a LTF correction, and we have a confirmed breakout from the LTF.
This is a good indication that we are resuming the bullish trend after the correction.
I would now wait for some sort of continuation correction that will develop on the LTF to look for possible buy entry.
Ideally Price consolidated a bit more and completes a correction for the buy setup.
Thank you
