NEO
NEOUSDT still bearishNEOUSDT 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 before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020.
It also likely that we will see price lower than this if the bear market continues.
Any bounce probably will be a short lifted and the price eventually will go down.
On the chart you can see 2 possible scenarios how the price would drop towards $4.
Good luck
NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$NEO is still moving into a ranged zone within $6.8 - $6.0;
Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5.
Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it...
I'll trail my stop-loss once it reaches the Target1.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Powerful $7.3 resistance!NEO had quite a range trend during the past weeks.
The nearest reliable support is also considered in the range of $6.5, which can be one of the reaction areas for a positive swing if the sellers come back and gain strength. In the 4-hour time frame, until the $7.3 resistance turns into support, we do not expect the trend to be bullish for the medium term.
📊NEO , Chinese Blockchainchart and picture that attach to, show all we must know about this pattern just one thing we need here and that is patience to see what will happen.
1- break the top of the pattern and go up
2- fake break out from the top
3- the pattern will fail and break from the bottom
what is your opinion? comment down below 👇🏻👇🏻👇🏻👇🏻
NEO is in lot of troublesas you can see Neo has created a Bearish Pennant pattern which means the price will Decrease pretty soon unless a bullish break out happens.4.30$ our prediction
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Thank you for seeing idea .
Have a nice day and Good luck
[UPDATE} Neo Flag to 5$Hello Traders,
Today I wanna update my targets for neo
T1 moved from Static 4.95$ to be a RANGE ---> 5.4$ - 4.9$
Save this idea to leave a thumb up for it later if you didn't now ^^
After publishing the main idea NEO pumped hardly but it didn't reach the S.L mentioned.
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Notice : Breaking this can lead us to a very final destination at 3.5$
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Thumb up for more on NEO !
Follow for more on ALTCOINs <3
Have a nice day !!
Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be.
Catching the absolute bottom is very hard and not many persons can do it.
Most likely you will have to wait many months until you will be at the break even or you will make profit.
Altcoins after dropping 90 % from the all time high can still drop another 90 %!
In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market.
Bitcoin cash:
- If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom.
- It took 48 months until investors were at the break even
- The price never reached ATH from 2017 again.
As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market:
More examples? XRP, XLM, DASH, IOTA
SOLANA (just an example. We have nothing against the project or its team):
Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders.
Conclusion:
- Dollar cost average into Bitcoin instead of your favourite altcoins.
If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover!
- Waiting for new coins without bag holders may be not bad idea
- Bitcoins is a safe bet!
- Altcoins = high risk
Feel free to share your opinion in the comment section!
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.