Get started

Neousd

NEO/USDT: Prime Buying Opportunity Amid Bullish Reversal SignalThe NEO/USDT pair is currently trading at 4.153, showing signs of a potential upward reversal after a recent downward correction. This retracement has brought the price to a critical support level, which is being closely watched by traders. The Relative Strength Index (RSI) has recently dipped into oversold territory, indicating that the selling pressure may be waning and a reversal could be imminent. Additionally, the Moving Average Convergence Divergence (MACD) is beginning to show a bullish crossover, which historically signals a shift in momentum from bearish to bullish. Moreover, the price action suggests that NEO has formed a bullish divergence, where the price is making lower lows while the RSI is making higher lows. This divergence is often a precursor to a strong upward move. The 50-day moving average is also flattening out, suggesting that the recent downtrend may be losing steam and that a base is being formed. Considering these technical indicators, the current level offers a strong buying opportunity for investors looking to capitalize on the potential medium-term upside. The combination of oversold conditions, bullish divergence, and a potential MACD crossover suggests that NEO could see significant gains from this point. With the price at 4.153, a well-timed entry could allow for substantial profits as the market reverses and begins to move higher. Therefore, this pullback should be viewed as a prime opportunity to buy, with the expectation of a strong rally in the coming weeks.
Long
by SafeCryptoSignals
6
Positive sign for potential upward movementNEO experienced a drop to the support area around $10, followed by an immediate bounce back up. This sharp rebound suggests that there is significant buying interest and strong support at this level. Such a reaction indicates that buyers are stepping in to defend the $10 support, which is a positive sign for potential upward movement. If the current positive momentum persists, it is likely that we will see NEO testing the next resistance area in the coming days. This would imply that the price could rise further, challenging the next significant resistance level, and potentially indicating a shift towards a bullish trend.
by MonoCoinSignal
NEO is a ticking bomb, here is whyNeo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we can see that NEO has completed the WXZXZ corrective pattern in the previous bear market. Also, the main downward-sloping trendline is broken. We have a lot of positive signs for a strong bull market on NEO. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Neo’s platform allows developers to use its software to run smart contracts (known as NeoContracts) and design new programs (dapps) meant to replicate real world products and services. NeoContracts differ from other smart contract-based protocols in that developers can build applications using a variety of popular existing languages (like C# and Java), rather than learning a new language. Thus, NeoContract’s ability to work across various programming languages can be attractive to a larger pool of developers seeking to create dapps, or support existing ones. Delegated Byzantine Fault Tolerant To secure its blockchain and keep its distributed network of computers in sync, Neo employs a consensus mechanism method called delegated byzantine Fault Tolerant (dBFT). dBFT works similarly to the delegated proof of stake (DPoS) and leverages a real-time voting system to determine which computers running the software can create the next block on the Neo blockchain. This means anyone who owns NEO can help operate the network. Each NEO token (sometimes referred to as a Neo coin) can be locked, or “staked,” to represent a vote (the more staked NEO, the more voting power.) All owners who stake NEO then vote for the consensus nodes, who are responsible for creating blocks. For proposing and adding new blocks to the Neo blockchain, consensus nodes receive the network’s transaction fees (paid in GAS cryptocurrency). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
NEOUSD: Breaking Above the 0.886 within a Massive Double BottomNEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it all the way up to as high as $140 a maybe even higher after that, though there may be a bit of resistance up at $56 level first as that aligns with the 0.618 and historical horizontal resistance.
Long
by RizeSenpai
NEOUSD: This rally is targeting 100.00NEOUSD is on very healthy bullish technicals on the 1D timeframe (RSI = 67.236, MACD = 1.232, ADX = 36.412) and just crossed over the 1W MA200 for the first time since April 4th 2022. The blueprint of this Cycle is the same as the previous. The token bottoms on a Triangle shaped double bottom and then starts rising on a Channel Up before it breaks upwards aggressively for the Cycle's final rally. It seems that now we are entering a short term consolidation phase which will give way to the final rally. We are expecting a direct hit on the LH trendline (TP = 100.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:NEOUSDLong
by InvestingScope
NEO/USD Wedge Pattern Breakout OpportunityOverview: NEO/USD is currently forming a wedge pattern, indicating a potential breakout opportunity. This pattern suggests a period of consolidation and uncertainty in the market. Breakout Potential: A breakout from the wedge pattern could signal significant price movements. Traders should watch for confirmation through increased volume and decisive price action before entering positions. Entry Strategy: Traders may consider entering: - Long Position: Above the upper trend line with confirmation of bullish momentum. - Short Position: Below the lower trend line with confirmation of bearish momentum. Risk Management: Implement strict risk management measures, including stop-loss orders and proper position sizing, to mitigate potential losses. Conclusion: The wedge pattern in NEO/USD presents a trading opportunity for vigilant traders. By monitoring price action and volume dynamics, traders can identify entry points while managing risk effectively. Caution and adherence to risk management principles are essential in navigating the forex market's volatility.
BINANCE:NEOUSD
by trading_jupiter
NEO Price Rockets Toward $20 Milestone Amid Altcoin SurgeThe cryptocurrency market is witnessing a seismic shift as altcoins surge, with SET:NEO leading the charge with a remarkable 40% overnight surge, propelling its price toward the coveted $20 mark. This surge comes on the heels of a pre-halving rally, igniting speculation of a potential year-long bull run. SET:NEO , currently ranked 77th in the crypto market with a market cap approaching $1.50 billion, has emerged as a top performer amid this altcoin resurgence. The surge in demand has resulted in an impressive bullish engulfing candle on the daily chart, signaling a potential moonshot trajectory. One of the most striking aspects of SET:NEO 's rally is the staggering increase in trading volumes, up by over 4000%, underscoring the growing investor interest and making SET:NEO a trending coin in the crypto sphere. Additionally, the breakout above the overhead resistance trendline has propelled NEO's price beyond the psychological barrier of $20, reaching a peak of $22.45 before undergoing a minor intraday pullback to $20.89. Technical Analysis and Future Projections: The rally is strongly supported by the 50-day Exponential Moving Average (MA), maintaining a bullish alignment with the 200-day MA, indicating a favorable position for a sustained uptrend. Looking ahead, sustaining the price above $20 is crucial for NEO's continued upward trajectory. According to trend-based Fibonacci levels, a breakout above $22 could signal further upside potential, potentially catapulting SET:NEO 's price toward the $30 mark in the near term. However, amidst the euphoria, caution is warranted as NEO approaches overbought territory, as indicated by extreme volatility around the token on the Bollinger Bands. A retracement to around $17.87 cannot be ruled out in a highly bearish scenario. Nonetheless, indications from the Awesome Oscillator suggest increasing upward momentum for SET:NEO , potentially defying bearish bias and aiming for $25 in the short term. As the altcoin market continues to heat up, all eyes are on SET:NEO as it aims to solidify its position and potentially usher in a new era of bullish momentum. Investors eagerly await further developments as SET:NEO navigates the volatile cryptocurrency landscape. Conclusion: With SET:NEO leading the altcoin charge and eyeing the $20 milestone, the cryptocurrency market is witnessing a resurgence fueled by growing investor optimism and bullish momentum. As NEO's journey unfolds, it remains to be seen whether it can sustain its meteoric rise and pave the way for further gains in the days to come.
by DEXWireNews
Neo price recalled that they can not only fall but also grow?)Who knows what happened to the SET:NEO project, that the "Chinese Ethereum killer" woke up from hibernation and made a sharp 30% price increase?) Maybe it will also wake up its "partner in crime" - NYSE:EOS ?) But seriously, if #NEOUSDT buyers have the strength and intention to continue growing, then in the coming days they should defend $19-20 and not allow the price to fall below. In this case, the targets for the #NEOUSD price to rise to $29 or even $36 in the medium term will become more than realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
NEO is still bullishFrom where we entered "start" on the chart, a time-consuming triangle has started, and from where we placed a green arrow on the chart, this triangle has ended and we have entered a bullish wave. This bullish wave is either an ABC or a more complex pattern. We should now be in the middle of wave B. By maintaining the green range, it can move towards TP. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
NEO FOR FUNDING TRADERS For all funding traders who deal with this business, mostly the broker gives you some of the cryptocurrencies to trade. Neo is one of them. I see some liquidity between 14-15 and at the same time a vector candlestick that appears and it fills up until 12.18. Wait for the market makers to do what they have to do and come back at low prices, maybe a little higher, maybe a little lower. Another scenario that can happen is a breakthrough from a double bottom that has been in place for more than a year. Targets can be POC range 08 December 2021 - 01 May 2022, VAH and at the same time the maximum target of pattern 29.37.
Long
by learnfromfailure
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
Long
by KvazarBTC
2