NEOUSD is above the MA50 1W, having entered undoubtedly the new Bull Cycle. The completion of the Golden Cross 1D draws comparisons with the first Golden Cross pattern of the 2019 Bull Cycle.
The price breached Fibonacci 0.236, formed the Golden Cross, pulled back and then made the Cycle's first High on Fibonacci 0.382. This is our medium term Target (20.00).
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NEOUSD crossed above Fibonacci 0.236 of the former Bear Cycle with ease today.
Tomorrow it will form a Golden Cross 1D, the first since June 6th 2020.
Until April every contact with the MA50 1D is a buy. Then every contact with the MA200 1D will be a buy.
Trading Plan:
1. Buy the rally on the spot.
2. Buy the next MA50 1D pullback.
Targets:
1. 19.5000 (under...
what a precision by bots huh?
If it can reclaim 0.236, that opens room for further price expansion
A break of 0.886 will result in immediate target of 1.272
Hold my beer pls
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No financial advice, do your own research, don't be stupid
A bearish trend is applicable.
The ideal short entry is as close to 8.70 as possible.
Increase exposure for a break below 8.20.
Profit target is set at 7.15.
The stop-loss is set at 9.50.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood for a mean reversion trade.
Neo made a high end 2017 beginning 2018 but failed to make a new High during the bullmarket in 2021. Because of that we can draw in a very nice and big bull pennant. This pennant is allready 4 years old which is a very bullish sign when we break out to the upside of the Triangle.
Second we can see a 1st Leg in Elltiot wave theory and a nice Leg 2 down which ended...
I think we will be heading to 4 or 4.5. I will be interested to buy at these prices or even less. Let me know what do you think
#neocoin #neonews #crypto #cryptobullrun #cryptocurrency #bulltrap
Price broke and retested a significant zone, creating a bullish N wave formation. All three moving averages gave me two conformations and an entry signal.
Of course its in a flag like the other coins.
And like other dinosaur coins, NEO has kind of the same chart pattern. After bouncing off 0.5 in 2020, suppose 0.5 will not hold on the next test and at least test major 0.618 @ $1.51 (perfect confluence with 1.272 intermediate)
Break down the flag aka lose intermediate 0.886 and its gonna get super ugly aka...
Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the...
There has been some volatility in the crypto market lately and I hope everyone is making profits and managing risk appropriately. I'm sticking to good old support and resistance levels on NEO,
Long from 8.22 Short from 9.66,
... could finally result in a move. Its currently about to break out from a wedge
Hold my beer pls
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No financial advice, do your own research, don't be stupid
If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be.
Catching the absolute bottom is very hard and not many persons can do it.
Most likely you will have to wait many months until you will be at the break even or you will make...
NEO coin market cycle overview show in the chart.
NEO never reached its ATH from 2017.
Will it do it in the next bull market?
Share your opinion in the comment section!
Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the...
