Price is trading around very strong resistance which also acting as a NECKLINE.
If a retracement happen from here then we should expect the NEO to form inverse SHS with the Right shoulder turn to be a perfect BUY BACK zone.
But at same time considering the general market sentiment, full attention should be placed on the Neckline, because if price breakout from...
NEOUSDT is a digital asset that recently formed a Double Bottom pattern near the $6 area, and it caused a breakout from a downward trend in its price movement.
A Descending Channel is a technical analysis pattern in which the price of an asset moves between two downward-sloping trend lines, creating a series of lower highs and lower lows.
Currently, the price of...
NEOUSDT opens the potential for a move up to 20.00, a global medium-term target. Consolidation before the breakout works great and we see a breakout pattern
The price passes a strong resistance and now the coin is already in the long zone. On the background of fundamental factors bitcoin pulls up almost the entire cryptocurrency market, I think that the trend...
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 8 - 10 - 12
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on...
NEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this.
As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline.
We expect a huge dump...
Falling Wedge Pattern
We have a falling wedge pattern in this chart, so I expect 2 times the difference between the fall and the exit. If it closes daily above 8.15, it will move forward more strongly.
neo can push upside in the near future(from 6.5$ to 25$ )
there are senarios that helps
1.btc if pushed down below 16k a new altcoins season for those coins that their pair with btc is on the up side
2.btc gets back to its powerfull demand (15.5k - 18.2k) and shows a strong signal that buyers are coming back and the sellers should be weak then the alts pair with...
Formed Falling Wedge In Daily Timeframe ( Bulish Pattern )
printed Massive Bulish Divergence as well (Indicating Reversal)
Incase Of breakout Expecting Massive Bounce
(Note) Always Wait For Breakout To Be Confirmed Neo Will Remain Bearish Till Upside Brreakout
Entry Will Be Invaliodated If Wedge Brokes To The Downside
The ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size.
A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A...