NEO/BTCKeep it simple!
NEO has shown to be an amazing trade recently, soaring 70% up from our buy zone, and close to its second profit target!
Many people were expecting NEO to continue to drop - including myself, and reach my low green buy zone. However, NEO found support at the 8400 Sat range. This level was key to watch as this was a weekly important zone - my red line.
Unfortunately before hitting this level NEO rose. This type of movement is called "front-running". where people expect a particular level to be hit but the investment doesn't quite reach that particular level. This still count's as a touch in trading terms.
From here we can see NEO do two things.
1 - the green box is held as support, and we see the next profit targets (orange boxes) be hit. OR
2 - NEO hits the next resistance level, comes down and the green box is not held. In this case the second green box is likely to be tested.
Either way Profit can be made, and people who have already longed should be VERY profitable.
Don't FOMO from here. Wait and see what NEO decides to do. Have longs placed in the green boxes and a tight stop just below the range. Never enter mid range of a movement!
Btcneo
Neo Long...cant beleive i am saying it
Ok, for me Neo still may well fall back again but i think here would be a good risk reward scenario, against btc neo broke through the moving averages i use on the 144 minute interval, so it stands a good chance of good performance against BTC
since NEO will usually move more violently in either direction than btc it leads me to think that any rises in BTC will see nice larger gains in NEO
Also i draw my predicted rout against usd
NEO, What's it cooking? Potential death's cross 50/200day avg++!Neo this time around!
It definitely doesn't look good! There's less and less enthusiasm for neo, in the last couple of months. I think this could be mainly due to the recent rise of eos/tron etc etc. However not all hope is lost for neo!
NEO/usdt and gas/usdt, as such are a great concept and invention in cryptos, that almost no other crypto currency has. Moreover, looking at the long term, after the correction is over, neos' dividend system offers similar characteristics as other traditional assets, with an extremely good application of blockchain. This does offer potentially a very good return for the risk taken in investing in neo( risk of price fluctuation, decreasing with, having a paid dividend of approx. 3-5% yearly unlike any other crypto).
I will not go into so much detail this time around, because I think it's a bit too early, and recent neo news, will definitely affect the price positively over the summer. Until then, I do see a potential end of the correction @ around 30$, eventually 14-15$(very unlikely), if there's large volume of sellers. Furthermore, I'll update this post continuously as I am looking into investing into neo/usdt, in the near future.
As always, agree, share, or comment any thoughts about neo/usdt , or the crypto market in general. All critics are more than welcomed!
Disclaimer:
//This is not a buy or a sell sign, you decide what to do with your own money!!//
NEO sleeping giant and chinese new yearMany of you follow NEO movement, since anthshares time.
NEO had great run in 2017, and plans for 2018, are the same - moon mode.
Since several regulation fud and everything, Chinese people are loyal to their products. They develop, work hard and their plan is only one. To overpass the western products, with value, reputation.
This signal is short term. NEO will be bullish, when Chinese will start trading again. And plans for long term? I would call $1000 mark by the end of this year. Good investement? NO. A great one.
regards
NEO BTC Bearish Signals // Hidden Bearish Divergence - DowntrendAs you see above while we are getting lower highes in the price, the RSI indicator making higher highes, this is a hidden bearish divergence.
In the next days, you will see a drop price drop in NEO, I personally love NEO and it's one of my favorite coins but for the next days it will lose value against Bitcoin.
First down target is 355k
Second down target: 300k
Third down target(support zone): 255k
It is a downtrend, I sold my NEO today and waiting for an uptrend signals to buy it back.