This structure is all over the place LTC, LINK, Bitcoin Cash and these two, Status (SNT) and NEO
I am assuming it is a pre-emptive bull moonshot structure, so all these coins can moon at the same time
Links into one of my previous posts below
As I'm in this trade, NEO continue to the downside and I see a more sell-off that the price could to reach $6.50 USD
This it's the weekly timeframe and we see a sell-off and I thinking that NEO could to reach their minimum historical maximum around of $6 dollar approx.
That it's what I think!!!
I hope that this analysis support you!!!
NEO/USDT seems to be forming a multi year Cup & Handle pattern, with the handle as a descending wedge. The descending wedge appears to be bouncing (5) where you would expect it to before potential breakout out of the wedge. (Arrows in purple are loose predictions where price could go, don't look too much into those)
However, with BTC so uncertain atm, and the...
✅NEO_USD has been falling recently
And the pair seems locally oversold
So as the pair is approaching a horizontal support
Price growth is to be expected
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NEO-USD is trading in a downtrend
And the pair just broke out of the bear flag pattern
Which reinforces our bearish bias
And we are expecting a further move down
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". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. NEOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
NEO price is bullish today.
Strongest support is present at $9.76.
Strongest resistance is present at $19.40.
NEO price analysis has revealed the cryptocurrency market to maintain bullish momentum with strong conservation possibilities as the price moves steadily upwards. For example, the NEO/USD price recently spiked to a huge incline on May 22, 2022, and The...
I'm in this trade from $16.28 USD approx and during the past days, we see a crash in the price and right now, the price it's around $9.41 USD. So, I put a break even at $15.60 USD and target to $6.70 USD in this trade.
So guys, we're in profit.
Remember, during this crash, save or accumulate cash and then, buy asset and save asset or accumulate it when pass the...
Finally we're there!
With todays tiny new low NEO has confirmed with 5th wave of the 3rd corective leg. Wether you count it 3-3-5 or 5-3-5, important is the finish with 5 waves right at this point after retracing 88.6% in price from the last top!
This is NEO's launchpad in this area. Stay tuned for a wild n heavy take off!
Hold my beer pls
As we see in the technical analysis. We see a possible continue of the downtrend in NEO. Also, I'm very specific that NEO could to reach maybe to $12.50 USD
1) Position: short
2) Entry Price: $16.37 USD
3) Stop Loss: $17.76 USD
4) Target Profit: $12.50 USD
5) Risk/Benefit: 1:3
This it's the Daily market structure and still bearish!!!
Good luck in...