NEO/BTCKeep it simple!
NEO has shown to be an amazing trade recently, soaring 70% up from our buy zone, and close to its second profit target!
Many people were expecting NEO to continue to drop - including myself, and reach my low green buy zone. However, NEO found support at the 8400 Sat range. This level was key to watch as this was a weekly important zone - my red line.
Unfortunately before hitting this level NEO rose. This type of movement is called "front-running". where people expect a particular level to be hit but the investment doesn't quite reach that particular level. This still count's as a touch in trading terms.
From here we can see NEO do two things.
1 - the green box is held as support, and we see the next profit targets (orange boxes) be hit. OR
2 - NEO hits the next resistance level, comes down and the green box is not held. In this case the second green box is likely to be tested.
Either way Profit can be made, and people who have already longed should be VERY profitable.
Don't FOMO from here. Wait and see what NEO decides to do. Have longs placed in the green boxes and a tight stop just below the range. Never enter mid range of a movement!
NEOBTC
NEO Is Super Bullish | Can It Do 130%+ Next?NEO (NEOBTC) has a super bullish chart and is now moving above EMA200 (bold orange line)... This can lead to so much more growth.
On the chart above, we can see that the bulls are now in control with big volume coming in.
The MACD is really strong and allows for plenty of additional growth.
The RSI is also strong now reaching what we call "overbought"... It still allows for additional growth.
Additional details can be seen in the chart above.
NEOBTC printed really strong bullish momentum and now the bulls are following up.
We are looking at massive growth potential in the weeks ahead.
Do you have any questions or something to share?
Use the comments section below.
This is Alan Masters.
Namaste.
NEOBTC Trend Change| Pennant Formation| New Higher Low!Hello Traders!
Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend?
Points to consider,
- Trend broke lower low structure
- Local support in confluence with .618 Fibonacci
- Local resistance is where price topped out
- RSI trading in overbought territory
- Stochastics currently flat
- EMA’s turned bullish from initial break
- Volume declining
The structure of NEO has completely changed with this recent pump, negating the bearish trend of lower lows. Multiple resistance levels have been broken leaving the price consolidating looking to correct, which will be healthy for the price as this will put in a local higher low.
Local support is in confluence with the .618 Fibonacci level, price is highly probable to retrace to this level if a bear break comes to fruition from the pennant. Local resistance however is where price topped out from the initial bull break. This is an important area for the bulls to break in the next impulse move up to confirm the bull trend.
The RSI is currently overbought, a correction in the price back to the .618 Fibonacci level will cool this indicator off, back to neutral territory. The stochastics however is quite flat, no clear direction until we have a decisive break from the pennant.
EMA’s are currently bullish but is yet to meet price, it must hold price as support to confirm a bull break from this pennant. Volume is key to watch as it is rapidly declining, this signals that a break is imminent in either direction, which will be confirmed with an influx of bull and or bearish volume.
Overall, In My Opinion, we have a clear equilibrium forming, trading close to its apex. A break is imminent which has to be back with strong volume as it is visibly declining. A retracement back to the .618 Fibonacci is probable and will be very healthy for the trend; this will allow NEO to put in a new higher low as well as cool of indicators such as the RSI.
What are your thoughts on NEO?
Please Leave a like and comment,
And remember,
“You can lose your opinion of you can lose your money.” – Adam Grimes
Don't Overlook NEO! Hi, Traders ! Monfex is on the air !
NEO looks like a very attractive Buy in a mid-term horizon.
* NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million.
* NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level.
* After that, the coin has been fluctuating inside the range of $10.2 - $11.7 - over the last couple of weeks.
* The Bears keep pushing the price down, but it seems to have found the Support at 200 EMA around $10.80, on H1 time-frame.
* On a Daily TF we can try to construct Trend-based Fibonacci extension that gives us the projection of the next important upside target of $16.70.
* Additionally, the price of NEO is backed by 21 Daily EMA from below. Hence, a $10 level looks sufficiently covered.
Active trade signal
Buy @ $10 - $11.
Target: $16.70.
Stop-loss: $9.70.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NEO: Chart Seems PositiveBefore discussing NEO, let's start with a disclaimer. As we understand it, people don't think this is the most exceptional project - with or without the Chinese announcement about wanting to dominate blockchain.
With that out of the way, it looks like bulls may be in charge of the market. NEO right now is holding support from a bullish breaker. It is also not backing off from its highs. Also, the spike rally took out the "previous 4th." The previous 4th is the location where the last leg of the down move started. To be brief, NEO does have room to move if people who shorted the rally get stopped out.
Bottom Line : When a market makes a significant turn, sometimes the fundamentally worst instruments can trade the best. This was true at the 2009 bottom in risk assets as real estate ETF's traded very well on the turn higher. In the case of crypto, marginal altcoin projects may have another leg up or at least hold where they are.
NEO/BTC (1D): Actual Zones of Interest and TargetsThe coin has a downtrend. 1st strong support will be at the lower dynamic line. The best entry point will be there. RSI shows a double bullish divergence - that's a first sign that the trend will be switched soon at least for a while. Zones of interest and targets are on the chart. Good luck everyone!
NEO: 100% profit per week !Hello, Traders!
Monfex is at your service and today we overview NEO/USD .
There is a big bearish divergence that can pull the price to the red horizontal support line.
But there are also two bullish divergences, which are stronger with this trend movement.
Watch our previous signals by NEO/USD and NEO/BTC below!
The support zone ~ $10.36
Active Trade Signal by NEO/USD
Buy near $11.20
Take profit ~ $14.70
Stop loss at $10.23
Market Cap
$826 094 818 USD
Volume (24h)
$1 327 328 684 USD
Circulating Supply
70 538 831 NEO
Share your thoughts, ideas about the market under the chart.
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NEO more than 50% profit in BTCHello, Traders!
Monfex is at your service and today we overview NEO/BTC, log scale .
NEO is in the falling bullish wedge and has MA100 near resistance line. It's with a bullish divergence by RSI.
Support, buy zone ~ 0,000850
Target zone ~ 0,001500
Stop lose - 0,000820
Almost 2X in this trade.
Breakout of the resistance line will be the best confirmation of this idea!
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NEO's close to Loss of value Or not, take a look at this chart!Hi, dear Traders!
Monfex is at your service and today we overview NEO/USD .
We obviously see the triangle formation which locally is in the bearish trend. Breakout of the triangle's support or resistance lines will be first sign for some actions( buy or sell) , but for a more confidence we need to act by breakout the key levels.
The great volumes that are also like a support level for a price with the support line of the triangle can be a salvation from the fall.
Share your thoughts, ideas about the market under the chart.
Stay with me and you will get in time signals for NEO/USD
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NEO is going to test $7 !Hello, Traders!
Monfex is at your service and today we overview NEO/USD .
NEO broke the triangle and has already tested the ex-support of this triangle and it's near the resistance zone and MA200. There is a downward movement globally, the bears control a situation. Stoch RSI has a bearish div and going down to oversold zone.
The local support ~ $ 7.30
The great support zone ~ $ 7 - 6.85
NEO has two scenarios:
breakout the support zone with target below $ 6 -
breakout the resistance zone with target more then $ 8 +
Market Cap
$522 507 926 USD
Volume (24h)
$230 924 554 USD
Circulating Supply
70 538 831 NEO
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NEO / USDT (Binance) = Pump Altcoins (BTC dominance down)NEO / USDT (Binance) = Pump Altcoins (BTC dominance down)
NEO is actively buying and entering good volumes today. The coin held on to support; a downward wedge was broken - a bullish figure. This coin has good growth potential. This deal is 2 to 1
BTC Dominance (Jan 2016) = Monthly Chart
BTC Dominance (Current = Monthly Chart)
What happens on the Bitcoin dominance index?
He is slowly decreasing and you and I looked at a similar situation on the monthly chart as it was in January 2016. I look forward to a further decline and rapid growth of altcoins in the next 2 months to the pairs of bitcoin.
Current mark = 67.95%
I expect to reach mark = 54.00%
NEO / BTC Falling Wedge. Lateral movement inside the wedge 50/50NEO / BTC Falling Wedge. Lateral movement inside the wedge. 50/50 I see everywhere a lot of NEO signals give a big increase ....
I wouldn’t enter a deal in growth now. Now the situation of uncertainty is 50/50.
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You need to wait until the price drops to the lower trend descending wedge, and then wrest the movement of growth inside the wedge from the trend.
Or wait until the price rises to the upper border of the wedge, breaks it, consolidates above the downtrend. Then there will be confirmation of a bullish turn.
______________________________________________________
Please note how the trading idea about this downtrend coin, published 7 months ago, worked well.
$NEO, Crossing above ~92k resistance level & EMA 50 on the daily$NEO
Crossing above ~92k resistance level & EMA 50 on the daily chart
MACD & RSI bullish divergence on lower TFs
Volume slowly increasing
UCTS Indicator turning green across the board
Waiting for a retest of this level prior continuation could be a safer approach..
#NEO
Neo - short or long ?Convergence at RSI, AO
accordingly, the reaction from the level with good growth)
Thank you. Neo for making money.
Now I see another shopping opportunity.
Shopping from Fibonacci
Level 0.5 - 0.61 - 0.38
STOP loss - level 0
If you want to receive high-quality signals, write to my admin in a telegram @tradingroommmm