Will Morpheus Give NEO the Green or Red Pill? 💊 | NEO ($NEO)😎 With a major health tracking project and the Neo3 upgrade on the way, the news is decent enough for the "Chinese Ethereum" AKA NEO. Meanwhile, with the general strength in crypto as a whole, NEO has plenty of room to run if it can keep up momentum. With that said, we don't have any clear setup here, so let's simply take a look at some key levels for the bulls, bears, and undecided to watch as price action plays out.
Resistance:
R1 is the range high plus a bearish orderblock and is the first point of resistance to contend with here. The R2 bearish orderblock was formed back from the drop in March and also contains the dead cat bounce failed swing high. Lastly and most importantly, the R3 bearish S/R flip and orderblock cluster is a minor price pivot point that will almost certainly see a reaction if and when price gets there.
Support:
To the downside we have S1 support which is a major price pivot point consisting of various order blocks and S/R flips throughout the chart. Meanwhile, we have the S2 bullish orderblock as a backup support if S1 doesn't hold. While there are multiple other orderblocks and S/R flips lower from S1 we feel that the price is likely to loss its uptrend and such we don't wanna call any knife catching levels as we only trade trend continuation.
Outlook:
A logical path for price is what we have marked as bullish continuation, where we move up along the upper trend line reacting to key levels along the way. Note here that we feel the trend line is valid as price frequently reacts to it, despite price breaching above it once. Lastly, while a bullish move is likely, we have just seen the previous range high run (wicked above and quickly retraced below), this could be a long liquidity hunt so downside is certainly not impossible here.
Summary:
While a long play here makes sense, we will err on the safe side and continue to watch these levels for a clearer setup as the larger overall crypto market may have a heavy handed impact on NEO at this point.
Resource: neonewstoday.com + www.newsbtc.com + cryptoslate.com
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NEOBTC
$NEOUSD | Time for next big wave? $NEOUSD | Time for next big wave?
Hello friends,
After a few hectic weeks due to the coronavirus, I am back with some analyzes.
First of all i will say that performance out of the past not gives any garranty for the future.
Currently we see some upside movement on $BTC. Also some altcoins are already exploding a little bit like ZILLIQA.
We are currently in Bitcoin's halving and will start moving slowly upwards from now on. Still, I think the ALTS can give the first blow if levels are broken.
This NEO prediction is long term. And I just want to emphasize that I don't think $ 700 NEO is possible this year. I put the pattern here purely because it is POSSIBLE. But that we will get a new ATH someday I am convinced with this great project. Maybe we will be surprised again what we will get for gains this year.
I definitely see a $ 1000 NEO in 2021/2022 so let's keep a close eye on it.
Good luck!
FOLLOW & LIKE. (Leave your long term charts!)
NEO - Hit the first targetMy idea of March 14th turned out to be true and we got to my first NEOUSDT target. The next target is near $12. And the ultimate target (strongest resistance) is $17.5.
At the moment, the price is still at resistance and on 1D timeframe it was a bearish retest.
And don't forget price is still down 93% from the top
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
NEO Ascending Channel With 111.1% Potential ProfitsWe are looking at NEOBTC on the daily (D) timeframe.
Prices started to grow in late October 2019 for NEOBTC.
A peak was hit in February 2020.
After the peak, a strong correction took place.
Prices stopped correcting when they hit support (the 0.786 Fib. retracement support relative to the last bullish wave).
Bullish divergence can be spotted with the MACD and RSI.
If prices for NEOBTC can stay above 0.001000, the first green arrow can easily be followed (strong growth).
Breaking below this same level,0.001000, can send prices lower.
In the case the latter scenario comes true, we remain bullish after the drop (2nd green arrow).
Thanks a lot for reading.
Namaste.
NEO/BTC - Structure at range low (40% upside)Nice long setting up for NEOBTC. Refer to chart.
A drawn out double bottom @ the 0.786 fib level is what I love to see as a trader. I will be taking a trade at this level, targeting the red box range high. My only concern is the vpvr gap below, which would send us down another 10%. Nonetheless, I believe probabilities favour the bulls at this level.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
NEO - consolidationsThis is nearly a 2 year chart of NEO, just looking for some patterns.
We have had 3 condolidation periods (10-20% range).
1st - 77days
2nd - 64days
3rd - is only at 42 days so far, may need longer to play out.
Each consolidation has had a bit of a push at the end.
1st one approx 70% (real world - this push would have shaken out alot with that red candle on the 2nd day!
2nd about 30% (pull backs along the way)
The 55ema also seems important here
resistance for the 1st block, support for the 2nd and now back at resistance.
A good break of the 55ema or box could possibly be a good trade, with the proper risk management.
NEO/BTC - When will Alt Season start?History of Previous Alt Seasons
To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that measures the share of Bitcoin in the capitalization of the entire cryptocurrency market. While bitcoin dominance is not an ideal indicator, it helps to analyze the macro market.
NEO broke out from bullish pennant. Now time for a retest!Oh NEO how did I miss you. I tried to short you in the middle of the rally and that did not work out well. The trend is clearly up and looks like alts are ready to run. NEO already made considerable gains and now it looks like it is coming back to test this pennant and that would be good time to reload.
NEO W bottom -- Breakout short TP- midI’m swamped with errands today so I’m going to have to forgo the oped for this publication. Sorry folks.
W Bottom spotted which led to breakout & higher high retesting as we speak.
In the meantime enjoy the signal; I have always loved NEO — going back to when I first began really getting in the ‘blockchain honeymoon zone/phase’ as I read the whitepaper and roadmap I knew then and there that NEO = to the east what ETH = to the west...but I digress. :)
TP1-2 green horizontals
Red horizontal stop limit (imperative)
Time: I don’t expect this to be longer than a short but I’m keeping it neutral as HODLing for a bit won’t exactly be a high risk type situation and from a cost benefit analysis (most def) worth it; ASSUMING U ALWAYS HAVE YOUR STOP LOSSES ACTIVE.
that’s all.
Peace & Love
@a1mtarabichi
P.S. RVNBTC forming a wedge that’s looking ready to tee up for a parabolic run.
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
NEOBTC Rising Wedge With Scalping Opportunities [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
There's two ways you can trade a rising wedge. You can wait for the breakout and trade the volatility that follows with it, or you can scalp the inner part of the pattern for as long as it holds. Since the whole market is very involatile at the moment, I believe today is a better moment to scalp the inside of the wedge.
On the chart you can see an example of how the price could oscillate, put your buys near the bottom of the support line and the take profit near the top of the resistance line.
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I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Fibonacci wavesTesting to see if 1.618 follows a bullish trend that was previously seen within the ring of the Fibonacci circle, hence creating the wave.
Here is my original analysis for Fib Waves which is still underway
I believe we will see a repeat bullish momentum throughout the fib ring.
Not much of an analysis for NEO but here we are.