NEO looking greataccumalating neo at these levels, great risk reward here
could see a big move up soon
NEO
neousdt short and long neo usdt look in weekly and daily demand zone. this is a very very risky trade we have the opportunity to go short for scalp. but prefer to go long in the daily demand zone because neo has a lot of space to go long. ad least we get some take profit
reason for entry?
1. neo break the major channel and retests successfully. that does not mean we are bullish overall structure is bearish.
2 neo break nearest supply zone that mean we are going little bit higher also demand is greater the supply
NEO/BTC Adam & Reversal This chart is related to my other NEO/USD idea which shows a potential breakout from a multi year Cup & Handle pattern Q3 onwards. Interestingly, the NEO/BTC chart is forming an Adam & Eve double bottom reversal pattern, which, if succeeds matches up with the breakout of the NEO/USD idea. Above resistance confirmation of A&E. Here would be a good idea to long considering we're deep into support, but, failing that, a successful retest of resistance would be another good long with a target of around previous ath.
NEO is the ONE NEO/USDT seems to be forming a multi year Cup & Handle pattern, with the handle as a descending wedge. The descending wedge appears to be bouncing (5) where you would expect it to before potential breakout out of the wedge. (Arrows in purple are loose predictions where price could go, don't look too much into those)
However, with BTC so uncertain atm, and the tendency for cryptos to produce fakeouts in these patterns... I wouldn't be surprised to see a dip below the wedge first, especially if BTC goes to low / mid 30s. A dip below 'could' go as low as $8-11.
In terms of FA for NEO, this strongly backs up the case for breakout of this pattern towards the second half of this year. NEO have had a new upgrade which involved an entirely new blockchain (N3) along with migrating tokens over to that new blockchain which was under development for the past 4 years... this went live in August 2021. Due to this, projects were told to wait until the new blockchain is built for them to build, which they are now doing. Many have considered this coin 'dead' due to seeing a limited number of projects and zero marketing, however, as mentioned above there was a valid reason for this. Marketing efforts are due to begin later this year once projects are up and running thus being able to showcase the capabilities of the chain, rather than what we usually see in this space of hyped promises. We are currently seeing some projects come to fruition on NEO already (most recently an algorithmic stablecoin native to NEO was launched named LRB/USDL). Aswell as this they are currently hosting a hackathon named 'Polaris' in which around 400 entrants have been submitted so far. This ends in June/July 2022, so we are likely to see a lot of projects flourish on the NEO blockchain Q3 onwards. Further, the NEO foundation have been key players in this space since 2014, they have a lot of key connections with teams all over the globe. They are partnered with some of the biggest partners in the industry such as InterWork Alliance, PolyNetwork, .NetFoundation (Microsoft), IEEE and BSN China. Their Chinese chain 'Jiuquan Chain' for BSN will go live this month, meaning Chinese citizens can buy NFTs (they call them DDCs) on it, and build dapps. In my opinion, this is a strong endorsement of NEO by the chinese govt, considering the only other public blockchains chosen were Ethereum and EOS. When this chain goes live for BSN, it will more than likely give some attention to NEO again. All in all, there's strong fundamentals backing up NEO to complete the Cup & Handle pattern this year.
N.B. There are a few older coins with similar patterns, LTC and XMR being two, whilst the last run saw mainly newer coins get the hype. It can be argued these older coins are due a resurgence as they've continued to build behind the scenes, and as the runs for the hyped coins of last cycle are coming to an end, money tends to rotate elsewhere.
NEO-USD Will Fall! Sell!
Hello,Traders!
NEO-USD is trading in a downtrend
And the pair just broke a support cluster
Of the rising and horizontal support lines
Which turned into a resistance cluster
And I am expecting a move down from the level
Towards the target below
Sell!
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See other ideas below too!
NEO can reach 30$ for SureNEO is in an Ascending Channel. The Price has a Ranging movement But it is Slowly Increasing. So Right now The Price is at The Bottom Of The Channel and There is also a Hidden Bullish Divergence (+HD) On MACD as well Which Means the Price has To Increase From This Point. we can Expect the Price to Reach 30$ once again.
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Thank you for seeing idea .
Have a nice day and Good luck
During the last Earnings Conference Call, William Li statedNEO Park is set to put in operation in Q3 2022. NEO Park will reach the 300,000 units of capacity. Buy and hold for 7 years. Great time to buy! Buy all you can.
Neo a hidden gem Still expecting neo to leave accumulation faze & break ATH.
Neo seems to be a great project but it’s one of those alt coins that will wreck your account.
All you can do is literally keep re buying & accumulate more Neo @ all the new 2022 bottoms till you catch the move up.
It may be this year or we may be waiting till 2023 . The Longer we wait more money will be made
NEO - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NEO is overall bullish trading inside the red channel and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a horizontal Support.
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
And for the bulls to take over from a long-term perspective, we will need a break above the gray area covering the entire range / structure.
Unless NEO breaks the green zone downward aggressively, t hen it will become resistance again and a movement till the lower support would be expected (12.5 - 15.0)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NEO at lower line of ascending channel#NEO/USDT
$NEO hold the lower lone of ascending parallel channel.
🐮 price can head up to middle line of channel that is the same with resistance zone between 0.5 and 0.618 fib levels of last swing down.
break out from upper line will increase price to resistance zone between $35 and $40
🐻 rejection from middle line of channel can drop price to lower line again and break down from lower line will decrease price toward $17 and $14.
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 23.57
TP2= @ 25.31
TP3= @ 27.28
TP4= @ 28.71
TP5= @ 30.53
SL= Break below S2
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💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 23.57
TP2= @ 25.31
TP3= @ 27.28
TP4= @ 28.71
TP5= @ 30.53
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEO prices correct higher at $21.08 as bears interveneThe Neo price analysis reveals a bearish market after NEO prices closed yesterday’s trading chart at $19.60. Today, the market is trading sideways with a slight bearish bias as the bulls attempt to correct higher. The immediate resistance for NEO prices lies at $20 while support is present at $19.0.Neo prices are currently trading at $21.05, a correction on the upper side of the descending channel that has been in play for the past few days. The formation of a bearish candlestick pattern on the 4-hour chart suggests that NEO prices may retrace lower in the coming sessions.
NEO triangle breakout 📐NEO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 33 and even higher.
ENTRY : local high @ 23.8
STOPLOSS (SL) : local low @ 21.8
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 33.3
REWARD RISK RATIO (RRR) : 5
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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neo looking good to accumalateaccumalating neo down at these levels
looking good and could see a big move up if we break the down trend
NEO's bullish Trend Explained.NEO was in an Ascending Triangle & Recently The Break out Has Happened.So This Means the Price can Increase Freely.an Important Resistance Sits at 29.64$ If The Price manages To break this Resistance, The way to 38$ has No Difficulties. Since The Pattern is the Ascending Triangle, It means We Can Expect The Price To Increase as Much as The Measured Price Movement(AB=CD)
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Thank you for seeing idea .
Have a nice day and Good luck
NEOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
As you can see the price has successfully broken through the white resistance line and is currently directing towards thre second resistance area on ist way. We consider a forthcomming pullback to the first support line before approaching the identified resistance areas once again.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
neo testing resistanceneo looking good here and below to accumulate
if we can flip resistance to support could see a nice move up
but if you got in on my previous chart when i called the bottom enjoy the ride
neo looking goodneo looks to have broken the down trend here
but be careful can still come down to retest trend line
