NEOBTC Technical Analysis 325% target ProjectionYou can see the Chart of NEOBTC on Daily Timeframe .
It Seems Like correction period is almost End.
Market Break the falling wedge pattern.
Now Moving in Sideway.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Adil Khan
Neobtcforecast
NEOBTC Technical Analysis 220% target Projection.You can see the Chart of NEOBTC on Daily Timeframe.
It Seems Like correction period is almost End.
Market Break the falling wedge pattern.
Now Moving in Sideway.
Right now We can see the 5 Resistance level and 2 Support Level.
1 Resistance level: 0.003295
2 Resistance level: 0.004627
3 Resistance level: 0.005602
4 Resistance level: 0.006632
5 Resistance level: 0.007856
1 Support Level: 0.002408
2 Support Level: 0.001939
Second Support Level is Last year Support level Strongest one.
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
NEO could revisit $17NEO continues to look weak after hitting highs of $20 a few ago but that is all forgotten now that we are staring at a possible $17 handle again. It has constantly found resistance at the EMAs and they finally did crossover, which saw a big spike down in price a few days ago following BTCs drop. It did break the demand zone, which has now turned into resistance and most indicators are painting a bearish scene.
MACD continues to drop like a rock while histo is turning upwards slightly while RSI hasn't been able to break above resistance and is looking like it wants to rollover once more. A short scalp can be played here with a decent R:R with a stop placed above the now supply zone and FIB level.
Thanks guys
NEO - Looks ready for TAKEOFF!!! Neo bounced nicely off the 50%FIB level back on the breakdown from the channel and has since bounce off the demand zone and is trying to make its move back up to the supply zone around the 1.618%FIB at $19.50. There is a resistance spot around $19 before getting up to the supply zone but RSI looks like it could be coming down after getting near resistance.
While MACD histo has turned positive and the signal line just recently crossed over bullish and could spell for more upside in near future. A small pullback here to reset the RSI could help fuel a move higher later on so something to watch here.
Thanks guys!
NEOBTC - Excellent Long Entry Setup! (Personal Favourite)NEO/BTC, MACD will turn bullish in next 1-2 Weeks, RSI already broke up from downtrend line, KDJ showing 3 bearish corrections similar to what we see in the downtrend wave count.
Entry: 0.0026-0.0030, Targets: TP1 0.00346, TP2 0.0038, TP3 0.00420, TP4 0.00483 (golden ratio), TP5 0.0055 (caution, would sell here definitely).
NEO Short Term Gains.. 43%!NEO is in its descending channel and now it has made a falling wedge and is trying to get out of its descending channel. So with the weak bullish market we have especially with BTC we can expect some good gains from alts and we should focus on top alts which are solid project with a strong community which is ready to buy and push the price when there is bullish action in the market and NEO is one of them.
So even if we check the trend it has made from its this year peak we can see that it has made a reversal pattern once and got out of it making 40% gains, and it retraced after that but making the same reversal pattern so making a reversal pattern now and getting out of the descending channel so we should expect the same gains here where the price should take us to 0.0036-4 BTC level..
Details of the trade:
-Bullish divergence on EWO (I LOVE EWO xD)
Targets:
-0.0036 BTC (short-term)
-0.0043 BTC(mid-term)
-0.0047 BTC (long-term)
-0.005 BTC (long-term)
-0.0055 BTC (long-term)
Stop-loss: 0.002381 BTC
Good Luck, Traders! #moon #mooncommunity
$NEO #NEO - THE BIG PICTURE - when finally moon?Hello Lads and Ladies,
Todays daily TA will be done as requested on NEOBTC. A coin that has been traded a lot and gained a lot of attention from many traders in the last few weeks. Since it hasn't started the engines yet, not many people are talking about it anymore but we will take a look into it and see what the next steps are for NEOBTC.
I chose the daily timeframe because right now we are coming to a point where it is just crucial for NEOBTC and we are approaching or even already sitting at historically very strong and with it very important support lines.We were here in a two month constant downtrend, which was really just not nice to look at. Then at 470k we had a very nice 44% bounce after that of course a retracement and are sitting right now at a crucial support around 450k.
This 450k line is basically the last chance to bounce for NEOBTC, before having a further 15% drop.
Looking at NEOBTC right now, I still believe that we will see the 385k reached, but before that we will have small bounce. This particular bounce is very likely to happen right now, as long as we do not cross the 450k support.
The drops and bounces that are happening are very clearly inside a pennant/a narrowing descending channel. Therefore this bounce from the strong support we are sitting at right now might be just as high as the descending resistance line of that channel. This would be around 20%.
Speaking for it, is that we are literally sitting at the very bottom of the Bollinger Bands and in addition to that have a strong support here. ANYHOW, for it to happen, we would most likely have to see the whole alt coin market make a bounce. This is likely since many coins TA wise are in a bounce-enabling-pattern right now and strongly oversold after basically all of them got shot down one by one.
This is a very strong decision point for many coins, since most of them are sitting at their last support before making another 10-25% dive down.
The anticipated bounce would most likely not be the trend turning bounce since we are not oversold enough yet, but the support below this recent one is the one that is able to turn the trend and start a new bullish season.
ANYHOW, we might see crypto do a barrel roll again and just crash and rush through all supports, which would basically get EVERYTHING REKT. Particularly for NEOBTC this would mean hitting 200k satoshi.
This is highly unlikely but in an event where the Bitcoin ETF does not get approved or officially delayed by a year, this would be the scenario we would be facing then. Sure, there are already many, many other news aligned for crypto and Bitcoin but right now the hype is around the ETF and it is getting scary depended on a single decision.
Right now, I strongly believe that we will see some green candles around alts in the next 48h and after that continue dropping down. YET, there is still a high chance that we will continue dropping right now and with it would really "reset" all indicators, all averages and the whole market so it is ready to see a nice and strong bounce.
IN NUMBERS -
- BUY @450k
- SELL @540k
- SL set it tight and watch the market.
- RE_ENTER @385k
BTW. This is always shared with a delay. If you want to access this info first, let me know.
NEO - incoming BULL RUN ahead!Hey guys,
I was recently asked by one of you if i believe that NEO is a good trade.At this moment,i can say neo is an AMAZING trade,as tehnical analysis suggests that we are coming to the end of the well respected bearish triangle formation that formed since the beginning of this year.
How to trade: Buy NEO right at these prices and set a stop-loss at 4.7k satoshis, just in case things go the other way(which is VERY unlikely).
Keep an eye out for a golden cross.It's very likely that we are going to witness one very very soon.
I won't post the usual donation addresses,as i've noticed that i didn't get any donations at all.
I hope you find value in my posts thought,and you get some actual profits by following them.( like the 30% profit on STRAT :) )
As always,i wish you all the best.
Cheers!
$NEO #NEO - FULL ANALYSIS - WHERE TO ENTER???We will start off with the already many times charted and traded 4h chart and then increase up until the monthly, to get a general understanding of what is happening with NEOBTC.
I personally thought that it will be an easy chart but here I am again charting at 2am.
Alright, what we see here is first of all the big blue dotted downtrend line. NEOBTC was supposed to break it at 0.0075 but it failed there and started a HUMUNGOUS downtrend. Everytime it was supposed to recover, it just got rekt even more by the market blood bathing.
Right now we are at an interesting point, giving NEOBTC once again to recover and maybe start heading towards the big downtrend line. Nevertheless, if it breaks this support AGAIN, it IS tanking another -10%.
IN NUMBERS - support at 0.0047. If that breaks, next stop is 0.0042/0. RSI right now is at 28.3 heading down to 20 or below. Based on that RIGHT NOW NEOBTC is SHORT.
Looking at the daily chart, we can see that NEOBTC is heading towards the overall ascending trend line, from where it has mostly seen a huge bounce.
Nevertheless, it is still going towards the level of 0.0047, so 0.0042 seems not very likely on the daily. ANYHOW, if you take a look at the last time it jumped from the over all trend, it has broken it for a few days, which MIGHT be the case again, if 0.0047 does not hold.
BUT speaking in favour of the 0.0047 RSI is at its lowest recorded stage, yet seems to be breaking the 20 point line. As well as the space between the chart and the middle of the Bollinger Bands is rather big.
Again - Indicating a bounce soon.
Taking a look at the weekly NEOBTC chart, we can clearly see and confirm what we have just said about the previous charts. Here again, it seems to be heading towards the 0.0047 OR 0.0042.
The interesting part about this is actually that it would mean heading down to 0.0042 first, then having a bounce from the 0.0047. Although, I do not believe in that and see it rather bounce from the 0.0047.
RSI is also at a very low point where it has not been before.
So, coming to and end and seeing clearly where we can expect a bounce at, we can see what MIGHT happen after that, if we take a look at the monthly NEOBTC chart.
It has historically the tendency to alternate between two red candles and two green candles. Indicating that we are at the end of the two bearish months and will most likely see two bullish months.
Closing below the last opening, does not mean automatically that we cannot see another low but close next month above this months close.
Simply saying, once again we have room for some down action and will see the bounce after that.
NEVERTHELESS, should that very last support of 0.0040 not hold, then NEOBTC is REKT and will go down DEEP.
I will be entering this one on 0.0047 with 70% and 30% setting on 0.0042.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
$NEO #NEO - THE BOUNCE - WHERE? WHEN? HOW MUCH?Hello Lads and Ladies,
This is the more extensive analysis of this day. We will be looking into NEOBTC and see what possibilities we have. The price right now is extremely good and if the market doesn't bleed again, we will see a bounce.
The question here is How big will the bounce be and when will we see it?
Alright, first let us take a look at the chart and see what happened.
The blue dotted line is a very longterm descending support and resistance line, on which NEOBTC has been pushing through and crashing down. The horizontal green line is a very store historical support line, which has also been acting as a resistance even further back. The red horizontal line right above it, is the resistance that needs to be broken before a new push from the "BUY ZONE".
In the recent period we can see NEOBTC failing to break the blue dotted line and so coming back to the buy zone again. Last time failing to break it, it started heading south to a new support, hitting through the previous support as if it has not been there. Of course, the whole market situation had some strong influence to it too but this was the case for many coins and one of the reasons why the whole market "crashed". The new support, it has found happens to be the 127.2% fibs retracement line. **(Side note, look at the coins in the market and you will see that they are mostly already sitting at their new support - this lowers the chance of a third "crash")**
Sitting at this new support we have basically two options of a bounce and where it might be headed to. The first one would be to where the red horizontal line crosses the blue dotted line, which in my opinion wold be only able, if Bitcoin and many others experience a big bounce within a few days - this is likely to happen but I would not rely on that, because it is still kinda shaky and peoples' attitude is around 50:50 for one more bloodbath or big push.
Therefore, the second more likely bounce would be heading to the point where the blue dotted line crosses the green horizontal line. This will be an important time to watch it. Should NEOBTC decide to break this point, we will be heading to the red dotted line, which has been acting like a intermediary support and resistance line. This, of course, after successfully leaving the "BUY ZONE", where we might see some sideway movement.
ANYHOW, does NEOBTC NOT break this point it will head towards the support again, and since there is not much space left, there might happen something cringe but I will make an update if something like this would happen.
Should NEOBTC break the red dotted line, then we will see a nice push even further, where exactly this line will act as a new support.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
NEOBTC - Beaten to death - Reversal in the cardsIf BTC maintains above $7500, I feel it's time for NEO to move back to 0.008. Divergences on the daily.
Ichimoku and moving averages do not look good. Choosing to ignore these in light of recent price action, divergences and a double bottom on the weekly.
Targets: 0.0079, 0.00821, 0.00841, 0.00881, 0.0091
Long Term Uptrend Signal on NEONEO gave a green 2 according to Tom Demark count on the weekly chart. This is a clear long signal for a long term trade. We can have up to 7 weeks of uptrend according to Tom Demark.
Stoch RSI is oversold which also confirms the possible bull trend.
On the daily chart it is green 4 with a overbought Stoch RSI. This means short term retracements are possible. I expect the price to rise significantly on long term (up to 7 weeks).
Here is my trading idea:
Long at: 0.008962
Take profit1: 0.009978 (fib. 0.5)
Take profit2: 0.0010752 (fib 0.618)
Stop loss: 0.008348
#NEOBTC - close to the demand zone, upward rally possible?After the end of the C-wave rise cycle at the level of 0.015, the NEOBTC is in the upward trend corrective cycle, which has now taken the shape of a complex correction WXYXZ.
The price is approaching the 50% Fibo level of the previous swing up, which is right in the middle of the demand zone between 0.0076 - 0.0090.
If the correction cycle is over, then in this zone there should be at least a momentary reflection towards local resistance at 0.0094 and 0.01030.
It is possible that the reflection may be stronger and reach even 0.01111 or a little higher, straight into the pink zone of supply.
There is a good opportunity for long-term trades in NEOBTC!!Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.00962 to 0.00815), if so, traders can set orders based on Daily-Trading-Opportunities (Priace Action) and expect to reach short-term targets.
.Beginning of entry zone (0.00962)
.Ending of entry zone (0.00815)
Take Profit:
TP1= @ 0.0123
TP2= @ 0.0144
TP3= @ Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 71.
.Current short-term is uptrend and continuation of uptrend is expected..