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Neousd

Neo to gain over 30% in FebruaryBITFINEX:NEOUSD Nice setup for $NEOUSD in February Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down. The support build-up sits at EMA-50 and EMA-200. Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets. Target #1 The first target is the local top from January the 18th at $12.20. This will pose a potential return of 22% with a healthy 4.5:1 RR. Target #2 The second target is the resistance level established at $13.5 from October 28th which was again re-tested in November 13th. Potential return is 34% with 7:1 RR.
BITFINEX:NEOUSDLong
by idbb1
NEO USDTHi there, it appears that we hit the previous targets set out in my last analysis all the way up to $12.30 - we saw quite a big retracement down now and found some support at the EMA 250 around $10.90 which took such a long time to break i expect it to act as a fairly strong support level, however we could see a wick down to around $10.59 where the fib and the local trendline channel appear to meet. Right now i expect either the cup and handle formation to play out and we see a bounce up to around $13.15 and can then book some profits, or we may see that invalidated and we may trade in a range between the 250 and 300 EMA which seems to have acted as a resistance for now. Reminder, it has been a long to since we saw NEO trade above the 300 EMA so if that were to play out i think we could be looking at some strong moves to the uptrend. As for now, i will sit out and see which scenario plays out. If we can break and start trading above $11.75-$11.80 zone i think we could see the cup and handle scenario play out, so overall i am leaning more towards a bullish bias as of now. It feels more as though buying dips instead of selling tops is the feeling around but of course trade carefully and do your own analysis before opening up any trades.
Long
by Glocken73
(NFA/DYOR) Trying to decode the tricky devil that is NEO. After setting support and resistance zones with the assistance of historic price action and volume profile, this is what I came up with. I'm not calling a moon shot by any means, but if we break out of the top of this zone at $12.25 there isn't much to stop us from testing the next major resistance zone between $16.50 and $19.00, and if we break that... oh boy. Based on volume profile and historic price action I see no major resistance until $32.00... I'm not experienced in TA, but this is what I'm seeing so far. I'm not calling a moon shot by any means, but I'm curious as to how this will play out. All input is welcome.
BITFINEX:NEOUSD
by travislester37
(NFA/DYOR) NEOUSD poised for a healthy consistent run?Here we see NEOUSD appearing to gear up for a decent run. Nothing sudden, but a strong and steady bullish trend looks to be in the works. We see this behavior reflected in the MACD and the RSI. There's a golden cross of the 12 and 25 SMAs recently as well. I tend to use On Balance Volume to gauge the strength of trends, and the line has held steady for a while now, so I'm gathering that this is a fairly strong, fairly healthy trend. I would feel better if we had consistently more daily trading volume, but otherwise this looks solid. Support lines are green, resistance lines are red. Let me know what you think.
BITFINEX:NEOUSDLong
by travislester37
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis: . NEO/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (8.5) Ending of entry zone (6.5) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 10.80 TP2= @ 14.27 TP3= @ 17.65 TP4= @ 20.75 TP5= @ 24.99 TP6= @ 31.86 TP7= @ 43.90 TP8= @ 68.98 TP9= @ 93.13 TP10= Free
NLong
by ForecastCity
4
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis: . NEO/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (8.5) Ending of entry zone (6.5) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 10.80 TP2= @ 14.27 TP3= @ 17.65 TP4= @ 20.75 TP5= @ 24.99 TP6= @ 31.86 TP7= @ 43.90 TP8= @ 68.98 TP9= @ 93.13 TP10= Free
NLong
by ForecastCity
2
NEO swing long (possible +25-40%)NEO looks very interesting to me. Why? After that big pump/surge which was caused by the call/news of the Chinese president that China will support Chinese blockchains, NEO with TRX and ONT have followed with a very interesting pump. Now it is time for re-test these areas and see how bulls are strong (if they are going to add into their basket more NEO for cheaper prices). You can buy NEO now and target for $11 as a first resistance. If the price will not hold the current level, then I will add or buy again NEO at $7. This is a clear technical analysis because you do not need it anymore.
BITFINEX:NEOUSDLong
by UnknownUnicorn6034472