NEO Trading IdeaLet's look at the 4h chart of NEO and try to spot possible price movements. We can see that price reach an important zone formed by the downtrend line and 31.8 resistance level. If price breaks the downtrend line, that we have a possible long opportunity. If price breaks support line ~26.7, we'll have a sell signal.
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Neobitcoin
NEOBTC Good Buy OpportunityWhen the market situation has a bullish trend due to the desire to take a freebie (Free Bitcoin Gold), you need to choose the right strong coins, which have a good growth prospect.
A good choice for the portfolio will be NEO, on the chart we see that RSI is already in the oversold zone and you can buy now, but it is also possible to roll back down more, but not significantly.
Corrections to Fibonacci play a significant role in NEO, so the probability of passing through three targets is quite high.
So, we buy NEO, we set goals.
Good luck in trading, friends!
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NEO has found support above 30 day .618 FIB with Red Pulse ICOPicking up more #NEO at 30 day .618 FIB. Looking to make a scalp trade with upcoming NEO #ICO #Redpulse. #Bitcoin #bullish with #BTG #Fork. Bitcoin should hold above $4000 with upcoming friendly fork of Bitcoin Gold #BTG.
NEOBTC - No Signs of Life.... Yet....BITTREX:NEOBTC has been in a bearish channel since the China ICO ban announcement, and has yet to show any signs of a bullish comeback.
The price has consistently dropped via a series of well defined pennants in a downward trend. The latest of which, formed over the last couple of days, suggests a further drop to support levels at 0.005.
A break below the 0.005 support would suggest a further breakdown to 100% retracement levels around 0.0025 with potential support along the way around 0.0045 and 0.0035.
Wait for the bottom, buy the dip and hold tight for the climb! It all depends on the next announcements to come out of China regarding regulations / limitations on the country's Bitcoin exchange infrastructure.
NEOBTC - Waiting for Bull SignalCurrently looking bearish on the daily with a divergent MACD and weak RSI. However, I believe the major trend line will hold as support.
If price breaks the 61.8% retracement level we could be looking at an uptrend to 0.03 resistance with a potential profit of 40%.
Patience wins here! Wait for a strong break of the 61.8% retracement level for entry.
