NEO
NEO/USDT Long term Support Held: Bullish OutlookNEO/USDT bounced off the support again a few days ago. This strong upside sloping support has formed since the corona crash in May. Since then, returns have been substantial for NEO.
I'm marking previous highs at $21 and $25 as potential targets, feel free to do your own DD. With recent bullish influx into crypto, I think we will see a lot of fireworks with the NEO pairs.
✳️NEO/USDT Analysis (26/11) View + Trading Plan #NEO $NEONEO has been turned down in the 21-22$ zone and NEO is heading to the 15-16$ zone. This is a good place to buy for a strong bull run later this year.
The 21-22$ zone is currently the most important resistance NEO needs to cross in order to continue its uptrend
📈BUY- LONG
-Buy: 15-16$, SL if B
-Buy more: 21-22$ if A, SL if B
📉SELL-SHORT
-Sell: 33-34$, SL if A
♻️BACK-UP
-Sell: 15-16$ if B, SL if A
-Buy: 10-10.5$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
NEOUSD | This bullish reversal move can trigger a bigger rallyHey friend, hope you are well and welcome to new update on NEW coin.
Lauch of NEO 3.0 Mainnet:
This is the month when the NEO 3.0 Mainnet launch is expected it can be on 31th Dec or earlier.
The market cap is increased significantly, and if we take a look at the priceline then it is already up by more than 500% from the month of March.
Previous Shark move:
In the month of April I shared an idea that produced more than 500% rally.
Previous BAT move:
After that the price action formed another BAT pattern, that I shared with you in Jun 2020, and this idea produced more than 171% rally.
Current bullish reversal move:
Now again the priceline ha formed another bullish reversal move. This time we also have a mainnet launch news at the support of this bullish reversal pattern, therefore, it may trigger a bigger rally.
Strong supports of moving averages:
On the long term weekly chart the price action is having good supports of exponential moving averages 10 and 21 and simple moving average 25 as well.
Conclusion:
Even though the charts and the overall situation is very positive in favor of bullish move, but we should use 25 SMA on weekly chart as stop loss because, if it will be broken down then price line may turn more bearish to complete harmonic move on long term.
What is your Watch List for Crypto? Here is Mine 20201212What is your Watch List for Crypto? Here is my 2nd List, for the first list please check the following Link.
List: UNFI, ETC, CELR, COTI, CTSI, AION,ETH,NEO
Welcome to share your Watch List in the comments.
I will share more coins by Updating this idea, welcome to follow.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally.
Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42
Stop Loss:
The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NEO entry point
NEO has spent Q3 consolidating around $17 while creating a potential bullish December setup.
The price is currently consolidating above a key monthly level and under the December open - a scenario that can often precede a bullish month. Multiple EMAs have also created a bullish crossover during the last two weeks, possibly setting the stage for a new trend.
Relatively equal highs near $19.32 provide a first target for any intra-week pumps. The second series of relatively equal highs near $21.829, along with a third target at the $25.859 swing high, provide reasonable targets if a bullish trend kicks off.
"Shopping time" Bitcoin TimeCycle Next Price Spike is on 15 JanSo after our last rally on BITSTAMP:BTCUSD and if bitcoin continuous the bullish movement, I think we will go flat and on sideways for the next 40 Days , and BTC will try to calm down since RSI is showing a clear overbuy signals,
and there will be a price spike on Mid of Jan 2021.
In the next 40 Days the market will be boring especially for the future traders.
the same pattern has been followed by BTC which is 45 Bullish Days & 45 Flat Days since Mid April.
Of course these are the time where we advise to go shopping and fill your wallet with the most reliable alt coins such as ETH, XLM, ADA, XRP, DASH, ICX, NEO, YFII and LTC since BTC dominance is affecting the prices of these alts and once we start the next rally: you will never be able to buy at the current Prices again.
Current Prices
BTC : 19150
ETH : 595
XLM : 0.17
XRP : 0.60
DASH : 100
ADA : 0.16
ICX : 0.40
LTC : 82
YFII : 1940
NEO: 17.8
Hope the best for Y 'all.
NEO still bullish in this channel up!!! Daily key analysisNEO show in H4 timeframe a good bougth past in the past days in the 0.618% of Fibonacci, So, I entry around of the 0.50% of Fibonacci when I show you this long signal and then, I'm in profit from $17.60 USD. Also, I invite you to put a break even at $17.20 USD to protect your earnings and loss relation.
Now, NEO in Daily it's bullish to $22 USD.
And this it's a strategy that I draw an entry of 0.618% of Fibonacci using an model of the price action. So guys, for that reason this is the model of what the bullish signal of NEO make.
NEO continue up!!! Be patient!!!I add a message that when I see in my Quantfury App, this position don't touch the SL for 0.09 cents of distance. Jaja, that it's crazy!!!
But so, we have that NEO make a rejection so fastest!!!
But, looking in the chart of 3 Daily, we see that NEO have potential to continue up in the next days. For that reason, I continue in this position.
In Daily, we see that NEO continue up and maybe I will need how NEO closed today!!!
NEO it's prepare to starting a new bull run soon!!!Hello, in this update as I send you in my previously technical analysis of NEO. I entry around of $17.60 USD. So, good position to entry in long!!
Now, lookin the chart in H4 NEO it's bullish to these 2 targets that I show you $21.46 USD and $23.75 USD.
Remember in Weekly chart that NEO it's starting a bul run soon!!!
NEO it's support this trend line bullish from starting of November 2020 and well, NEO it's still strenghten. So, as we pass the ABC correction. We can to see a new ellito wave cycle in formation!!!
Good luck in this position!!!
And accumulate more Ethers!!!
Updated: NEO show a bearish rising wedge forming in H1 timeframeI reccomend to closed up the long position and don't make anything until NEO reach down to the key support to bought. This it's a manipulation pure!!!
So, to respong your question, remember we are entry in the new cycle and my perspective it's bullish
Now, the H4 it's the key, and we would need to hope the formation of the latest C of the elliot wave correction ABC to entry in the next elliot wave cycle in H4 timeframe. So, I will going to still alert in the next hour when NEO reach down in this support between the $16.50 USD to $16.70 USD to activate our long position in this zone. going to break down the yellow zone below of $16.20 USD. That it's my other scenario to put a short position.
This it's my clear chart. And also, I make an update of the candlestick color if you see, so, we hope a bear scenario soon to these level, so I do not reccomend to put any short position when we are in the bullish trend, if you want to put any short position, the only that I want to see it's that NEO. And remember, the grey zone on H4 timeframe where it's into the yellow zone Daily, this is another reaction that we need to put any long position in H4 timeframe with a candlestick confirmation!!!
So guy, it's based in my elliot wave studies!!!