NEO
#BTCUSD - bearish outlookWe've been there before...
I believe 200 weekly MA has a serious role to play and if you're unexperienced enough, please don't tell me it will never get tested.
Time will tell - I give assume we will see if this assumption is correct within next 52 weeks.
I'm out of bitcoin... since 50k.
I'm here for the money - not for tech.
NEO: Big Bullish Move In Contemplation !Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity.
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC pummelled dragging the rest of the market along with it (refer to this chart)
Now, the price seems to get back on track as BTC broke it's consolidation phase and is moving in an uptrend. This analysis is performed on a monthly time-frame and we all know the longer the time-frame, the more reliable the pattern becomes (Although, it may take less than expected time to reach the mentioned levels/targets).
If we look at the chart, we can see the CUP AND HANDLE formation has started surging upwards after spending the time in the congestion area (handle of the pattern) while the ASCENDING TRIANGLE pattern still have time to approach the resistance level and breakout from "Resistance Zone" (which is also the "lip" of the CUP and Handle pattern). Both the patterns will be successful if the price manages to break out of the "Resistance Zone"
However, the failure from there will definitely push the price back to the lower levels. (DYOR)
CryptoCuriousOfficial 📥
NEOUSD Target Price 60.37NEOUSD Entry Price 51.66. Pin Bar Close Price is 51.66.
50% Fibonacci Retracement Level Price is 50.48.
NEOUSD Target Price 60.05NEOUSD Pin Bar EMA 10 EMA 20 Horizontal Support Level and 50% Fibonacci Retracement Level
NEO/USDT Bullflag forming?NEO/USDT may have a bullflag forming...this along with a break and retest of the current trendline. This could push us up to our current supply and retest. If this retest is successful we FLY to $79.755
NEO/USDT Could rocket up to 79.755!NEO/USDT is retesting the current resistance...
Once NEO retests the current supply ( Orange Line 60.190-61.980 ) and successfully pushes past this level we will know NEO is ready to fly
I will be placing my buy entry around 63.131 to avoid any bull traps that may occur
If NEO pushes past $63.131 there is little to no resistance stopping a push up to 79.755!
This could be a MONSTER move! Stay tuned for more....
Will be updating you throughout the week
Let me know what you think in the comments below!
NEOUSD Support Resistance LevelsNEOUSD. Wait for a price action signal to form at the support resistance level.
NEOUSDT🌟this alt will aim for its ATH soon (by the end of the year this mission should be accomplish)
🌟good to have some of it in your investment basket in its family type, also a reasonable correlation coefficient with BTC
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