Conclusion for today’s Neo technical analysis: The minimum expectation for the price of Neo is 6.27
Neo price chart used for today’s analysis is the 4 hour timeframe with coverage of over 4 months of price from December 07, 2018 to current date. The bullish swing that arose in Neo from a price low of $5.50 on December 15, 2018 is tracked here using the 50...
Technically a 'perfect' mid-term entry area would be $8.5-$10, criteria:
- Different Fibonacci retracement levels
- The round number $10
- Previously worked resistance areas which now becomes support levels
- Curve trendline from the bottom
From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does,...
The crypto market slowly gives signs of turning bullish. Bears run out of steam.
After a long period of silence and for all of us a painful 2018, here's my long term expectation of NEO
NEO went as low as 5 dollars end of 2018, revisiting the 2017 lows, Antshares time, before the first NEO Rebranding run.
These are incredible price levels. It's impossible not to...
. NEO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 79.
. There is a possibility of temporary retracement to suggested support zone (13.6650 to 10.0338). if so, traders can set orders based on Price Action and...
Measured target in chart, currently broke up from descending logarithmic channel and RSI is peaking again (indicating some trend strength is returning). NEO claims to be the number #1 blockchain in 2020, let's see what they are up to.
Neo has been showing strength with ascending bowl pattern movements. 50 MA is about to cross about the 200 MA giving us the best signal in all of charting - the golden cross. Expect upwards momentum here.
I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins:
BTC, ETH, XRP, LTC, DASH, NEO, MONERO, XEM
If people also wanna chart on this chart use the following...
NEO looks to have hit a top, perhaps only temporary.
The moves have been pretty confined to Fib Ratios.
Plotted as anticipated Support and Resistance zones.
12.90 is first possbile support, but close to resistance.
12.20 is a good possibility but with tight Stop Loss.
10.90 would be an Ideal entry with 10.00 as stop loss.
10.00 is just too obvious, might be...
All big names were bough aggressively today. So if there are institutional money you DON'T want to chase the price !
They will wash you out ! Wait for pullback in this particular case 12/10,5.
I do believe we will see bigger volatility hence sharper pullbacks...