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NEOUSD bulls not dead yet: Possible 7:1 risk/reward ratio tradeNEOUSD hit a high of ~$198.20 on Jan. 15, 2018 after which it sold off. Price action from the high at $198.20 to ~$63.62 (on Feb. 6, 2018) is a 3 wave (A-B-C) move. This implies price recovering or resuming from the low on Feb. 6 as an impulse move upwards or at least another 3w move upwards. The uptrend in price after the low on Feb, 6 2018 is rather another 3w move upwards rather than impulsive. I have labelled the move upwards from the low on Feb. 6 as a wave (A). Support is between $94.01 and $84.45 and is marked on the chart. If price hold in the region of Support as drawn on the chart, NEO could possible recover in what would be wave (C) to the $170 area where there is natural resistance. In addition, a 100% projection of w(C) based on w(A), which is an acceptable price projection based on Elliott waves gives a target of $169.31. This increases the chance that price might actually target the $170 area as we have 2 separate evidences for resistance to exist around the $170 area. This trade is valid if price does indeed hold the SUPPORT as marked on the chart. If price does hold, then the target should be $169. Assuming an IDEAL scenario that the market holds support, Risk = $94.01 - $84.45 = $9.56 Reward = $169 - $95 (assuming trade was entered at $95)= $74 Risk/reward ratio = 74/9.56 = ~7.7:1
BITFINEX:NEOUSDLong
by Coin_Analyst
The Ascent of NEO: A Technical Analysis (Binance)This idea is the continuation of one I started at my old profile, ofbullsandbears. Here is the link if you would like to start from the beginning. All future updates and new ideas will be posted on this new profile. I hope you continue to extract value from my ideas. Thanks for reading! Alright, let's get down to it! On my last two comments I was looking at an inverted cup & handle pattern and possible support levels if the price were to fall, in addition to some upward resistance we could expect. As I hoped for, buying appeared just above the cup & handle break point at the $123 level. Bulls have pushed up through the mega downtrend line again but have been met with heavy resistance thus far. The 7-EMA has been providing support over the last few 4-hr candles, showing that in the short-term NEO is bullish. However, that is three separate instances where NEO has tested the top of the downtrend and failed, I have these circled in yellow on the chart below. Considering the three recent failures in closing above the downtrend line I have drawn in an ascending triangle, which is a bullish continuation pattern, in the screenshot of 4-hr chart below. If the price breaks down below the downtrend line we can expect to find support around the 25-EMA as well as the bottom of our triangle. I would like to point out a few indicators that I see as bullish on the 1 day chart below. First, the RSI has been forming higher highs since NEO found its bottom. It still has room to go up, that is telling me that this rally is not close to being over. Secondly, the MACD has been steadily making its way upwards which is showing strength. Lastly, the 25-EMA has continued to provide support over the last 5 days. The downtrend resistance cannot hold forever. I expect to see a breakout and close above within the next two days. We can still expect the next level of resistance to be the 61.8% retracement line. Thank you for reading. As always, have great days or nights, where ever you are. Trade Safe. Trade Smart.
by WildmanCryptoConsulting
NEOETH (Bitfinex)Double Repo Fail Pattern, I intend to convert all my ETH to NEO (Holding NEO instead). EP : 0.13175 TP : 0.14025 SL : 0.12605 I have 100 ETH in my portfolio. I will buy at 0.13175. Then, I will receive 100/0.13175 = 759.0132827324478 NEO. I will sell when the price is 0.14025, I will receive 759.0132827324478 * 0.14025 = 106.4516129032258 ETH. I will gain 6.4516 ETH as a profit If the price down to 0.12605 I will cut loss and I will have 0.12605 * 759.0132827324478 = 95.67362428842505 ETH left in my port. I will loss 4.3263 ETH
NLong
by SuppasitWechprasit
NEO is ready for a strong bullishThe pricing has bounced from MA 50 and RSI wave in the bottom give us an opportunity to have a strong bullish. Look at the chart, we can see a repeat model with 3 main zones: "Get ready", "Simple upward" and "Strong bullish". We can see the pricing hit a strong support zone right now, it's bouncing from 110-125 USD. For long term trading, it's cheappeast to buy more. However, if you are looking for a reliability signal you can wait 2nd reversal confirmation what place the price pass 135 USD. The bullish will begin when the price reach brekout zone at 152 USD. Profit target: - Target 1: 245 USD - Target 2: 374 USD - Target 3: 505 USD - Target 4: 605 USD Stoploss: 87 USD
NLong
by vh6889
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 – $100. Feel free to discuss this trade idea with us in Discord.
BITFINEX:NEOUSD
by saintbitcoin
NEO ForecastMarket is currently down due to BTC downtrend. NEO coin is currently on a discount :) Price should bounce on resistance line (12,000) and reach an all time high. There is also a possibility that bounce could occur on alternate resistance line at 11,000. Buy range: 11,000 - 12,000 Events: 17 January 2018 - Blockchain Revolution 25 January 2018 - dApps Competition Opens 26 January 2018 - Blockchain Conference By 31 January 2018 - DevCon Conference Busy month for NEO coin. Expect plenty of dips. This is not an advice, always do your own research.
Long
by itradearn
NEO 1Hour Ichimoku Follower's question: I am thinking of holding Neo for the night with a sell order at 155$ from a TA point of view, good idea or not? Short answer: Yes, this is a good idea. Long answer: I believe that NEO is a safe place to park your satoshis since we have many indications of NEO being in a sustained bullish trend...MACD, RSI, and TTM squeeze all confirm this, and although there is an issue of the RSI showing NEO to be oversold, we have support of the trend showing in our Ichimoku cloud indicator. Beyond this we can see that NEO has performed extremely bullish in spite of BTC price fluctuations the past 4-5 sessions. I would recommend NEO as a safe haven at this time.
Long
by BTCookieMonster