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NEOETH

NEOUSD Bulls and Bears just doing their thingLets take a look at the neo markets on 1 day candles to get an idea of what is happening. In my opinion NEOUSD is undergoing a very healthy correction, however it is important to note that we are currently in bearish trend, not really surprising considering the markets at the moment. We can see that NEOUSD found strong support around $100 where prices were pushed into the $140 zone where we saw quite a lot of action before it was rejected as support and became resistance. Short term speaking we could see a retest of the $100 – $120 zone, and this is also where some day traders are placing some buys to catch the bounce. Longer term speaking I expect NEOUSD to continue its bullish momentum at some point, most likely when Asia stops having holidays. I see solid support at $100, but should prices break below that the longer term support zone is $60 – $100. Feel free to discuss this trade idea with us in Discord.
BITFINEX:NEOUSD
by saintbitcoin
ALERT! - NEO pending bearish reversal: keep your eyes openThe NEO graph shows us a clear rising wedge, which is a typical bearish (reversal) pattern. We can also see that it has fallen back from a recent high to retest the trend channel's support line. In combination with a very bearish (daily) MACD (just see the highlighted death cross that just took place a couple of days before and that directly shifted the price in a downward trend), this is a good moment to keep your eyes open on NEO. (Furthermore, also RSI confirmes this view). You can also see that the trendline actually coincides in this point with the 23,6% Fibonacci level. If it falls through these supports, next target is at 0,00968 (or the next Fibonacci level). You can also see how NEO tested the Fibonacci's in the upward level, before breaking through each time: if you have a look at the 4-hourly chart, you can see a bullish MACD, which will likely precede a short term upward move, before it retests the current pricing level. After that, the odds are currently in favour of the down trend! PS: this is by no means formal investment advice - do your own due diligence - best of luck in your trades and investments! PS2: also have a look at the NEOUSD graph as it can provide you further guidance in subsequent analysis.
by A_Cryptastic_Mind
3
$NEO / $BTC. 1D Long. EMA Support. Positive User Sentiment.We have $NEO crushing the EMA on the 1D, expect new yearly highs as the NEO blockchain looks to set the standard in 2018. With QLC, DBC, RPX leading the charge, APEX is soon to be available for crowdsale; all tokens within the NEO Blockchain are setting the standard on what cryptocurrency technology is capable of achieving. The chart trend here is bullish, but beyond Chart Analysis, the META here speaks volumes. Target $120, with a push through to $140 -> $150.
Long
by somuchcloudporn
4