NEOBTC
💎BTC and Alts in a very BULL trend! Video market review.Hello everyone!👨🚀 If you like this video Thumb UP! In this video I do a research of the current market situation on the most interesting cryptocurrencies:
🔹BTC/USD
🔹NEO/BTC
🔹XLM/BTC
🔹XRP/BTC
🔹EOS/BTC
🔹ADA/BTC
All targets into the video!
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NEOBTC Range Trading| Structural Resistance| Low Volume Hello Traders!
Welcome to another update, today’s chart will be on NEOBTC, currently trading range bound where a break bullish will put emphasis on a clear higher high and a probable trend change.
Points to consider,
- Range bound trading
- .50 Fibonacci level – strong support
- Structural resistance being tested
- Stochastics in upper regions
- RSI respecting support
- Volume below average
NEOBTC is as of now attempting to break structural resistance which is in confluence with the .236 Fibonacci level, a break will put in a higher high in the immediate trend.
The .50 Fibonacci level is current support which has been tested multiple times, but to be backed with buy pressure coming in.
The stochastics is currently trading in the upper regions, can stay trading there for an extended period of time, however lots of stored momentum to the downside. RSI is respecting its local support (around 38), currently trading in neutral.
Volume is clearly below average, an influx is required to break key levels successfully otherwise fake outs are highly probable – evidently on fist attempt.
Overall, in my opinion, NEOBTC needs to break from its range bound trading, a break bullish will increase the probability of a macro trend change, and this is more likely as NEO is trading above key moving averages.
An important metric to monitor is volume, which is well below average, NEOBTC needs an influx for continued follow through.
What are your thoughts?
Please leave a like and comment,
And remember
“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee
NEOBTC formed bullish Cypher | A good long opportunityPrice actions of 19th laargest cryptocurrency NEO with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone.
Lets have a look on the NEO priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
I have used Fibonacci sequence to set the targets:
Buy between: 0.001213 to 0.001191 sats
Sell between: 0.001230 to 0.001272 sats
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
NEOUSD Technical Bullish ChartNEOUSD Now Current Price is $11.66.
Chart say.?
According To Technical Analysis Chart NEOUSD looking very Bullish.
now $13.31 strong Resistance at this Time.
And $10.40 Also Good Support.
in Daily Time frame also Golden crossed happened.
we can enter At every Dip.
Support 1: $10.40
Support 2: $8.56
Support 3: $6.73
Resistance 1: $21
Resistance 2: $31.18
Resistance 3: $43.32
Resistance = Targets
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NEONEOBTC formed interesting patterns. When I first looked at the chart, I saw a cup and handle, and then an upturned head and shoulders. all of these patterns of continued growth.
After the formation of the right shoulder or handle, we will break the resistance with a large volume and fly higher.
Best regards EXCAVO
NEO - Inverse head and shoulders pattern?An inverse head and shoulders pattern is comprised of three component parts:
1. After long bearish trends, the price falls to a trough and subsequently rises to form a peak.
2. The price falls again to form a second trough substantially below the initial low and rises yet again.
3. The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend.