Neo breaks the falling wedge and bullish This chart has been created for education & entertainment and this is not a trading advice
Trade ideas
Neo updates.. As we seen in the chart Neo is breaking ascending triangle downwards and it also already touched 55EMA line.. If it further goes down then it will retest its 100EMA support and then it will return back.. Its checking time whether it go further down or stay here.. Buying entries 91 and in depth 88.. Tp1 130 tp2 150 tp 3 180..not a financial adv..just my idea
NEOUSDT is creating a descending channel 🦐The price is creating a descending channel above the monthly support. IF the price will have a breakout from descending channel, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NEO good buying zoneLike to support and follow for more content!
Neo looks good here, the 100 level is a great psychological support level. Need to watch BTC on the side.
Good luck traders,
NajjarTrading
NEOUSDT Long PositionDescending triangle Pattern Formation are a bearish/Bullish formation that anticipates a downside/upside breakout. If breaks Above line then it will be reach to 130-136 and if breaks the base support ine then take a short position. Wait for breakout.
TP 136
SL 90
Thanks in Advance
NEOUSDTNow that most alt coins are recovering, we can open long positions on some of them.
NEO right here looks good for opening a long position. just wait for the confirmation, it has to close a 4H candle above the resistance area and then you're good to go. I've shown the TP areas on the chart and you can also see the support areas.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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