Total books: $13,241,578.88 (+9.014%)
Global Bids: $6,199,478.9 (+7.35%)
Global Asks: $7,042,099.98 (+10.48%)
24hr Volume: $72,268,476.9 (+7.97%)
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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...
Hey there guys its Brian here. NEOUSD has been making higher highs and higher lows since start of the year and if current trend channel holds, it should continue to go up. Currently it has just bounced off the support and if the current support holds, there is plenty of upside. Risk to reward ratio of approximately 1:3
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.
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,...
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...
. 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...
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...