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NEO/USDT Bullish Retrace / Reentry idea 4HRHow far is BTC / the Alts going to retrace? that's the trillion $ question. Looking at NEO's chart, which (unlike some other large cap alts) does not look like a carbon copy of ETH, I've spotted a potential inverse H&S forming on the 4HR, which lines up with the .5 fib level. Admittedly, this may be a bit premature - that wick down from the rising wedge may end being just that - a nasty wick - and we could see a continuation within the pattern. But if the overall market retrace continues, you can expect NEO follow suit, and if you're still bullish on the higher TF, this may be a good reentry point. Remember to let volume be your guide. Previous red candles that have a spike in volume can signify a reversal* . So keep an eye out for that as an indicator to support (or invalidate) this idea. happy trades, CD
Long
by cryptodonovan
NEO Targets $38! Double Bottomed - Pump itThe coin: NEO founded in 2014, has been to an ATH of $200, surpisingly high but it is quite strong fundamentally: The project's vision is to realise a "smart economy" by utilizing blockchain technology and smart contracts to issue and manage digitized assets. The setup: We find here a double bottom formation on multiple charts, especially the 3D and the weekly time frames Using the measurement tool for targets, we get a target of just under $38, what would be a gain of 52% from the $25 level NEO has already successfully claimed the kneckline as support; however, the $25 level is proving tough Enter above successful claims of this level to mitigate some risk - if BTC takes a dump and brings it down with it Hopefully we can enjoy some NEO gains in the coming days to weeks...
Long
by InvestmentsHub
1
NEO-4h. Critical point $ 24.The situation in the NEO market has reached a stalemate. During January, NEO buyers, together with the crypto market, confidently raised the price and tested the high in September 2020. During the price increase from $14.7 to $ 26.7 , buyers met resistance twice. For the first time on January 6, buyers needed large volumes to break the $18.4 mark. If the mark 18.4. Partially slowed down the active growth of the NEO price, the range of $23-24 - the price stopped . On January 10, abnormal volumes were recorded on the NEO market, which did not help buyers to consolidate above the $23-24 range. However, the aggressive attempt of sellers to start correcting the growth wave on January 11 also failed. In the 4-hour timeframe , we circled all the unsuccessful attempts of the sellers with a yellow oval. After the impulsive actions of market participants, volumes in the NEO market fell significantly. Now it all depends on the medium-term vector of price movement BTC. Buying NEO is risky now. If buyers manage to consolidate above $23.8 - the price of NEO will have great prospects for growth to the mark of $46 In the daily timeframe, buyers try to gain a foothold above the previous local maximum. So far, everything points to continued growth at least to the mark of $ 23.8. An alternative scenario and test of the $18.4 mark will be possible if buyers do not keep the white trend line. _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
NEO/USDT movement in the coming daysHi every one NEO / TETHERUS so if we use the pitchfork for NEO/USDT chart we can see that the price couldn't break the middle line of the pitchfork and there is also a regular bearish divergence (-RD) so this means that the price would reach the bottom of the pitchfork and than start It's uptrend movement Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
6
NEO/USD - Rejected by resistance, reload lowerNEO hit the resistance at $25 and is now correcting lower. Targets are on the chart and the current bias is bearish until we touch the support line at $20 or $17. Indicators are also curving for a correction, therefore, do not long this chart. Wait for support to be established. On the weekly Neo is looking good with a first target at $50. I also see a large wedge forming, therefore we may have a more sustained correction after we hit $50. Long term bias is bullish. Like and follow.
Short
by DU09
NEO - The beginning of wave 3 from bullish with the target $100The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85. The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets. First target: $ 42 Second target: $ 47 The third and final target is $ 100
Long
by NirmataFX
1