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NEOUSDT

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
Trading idea: NEO/USDT - an old favourite that may run in 2021Many thanks to Michael Wang for reminding me to take another look at this old favourite altcoin (check out his excellent analysis under 'related ideas'). I have charted this before many times. NEO used to be a hyped project but has somewhat fallen out of favour, however what often gets forgotten is that the team are very active and continue to build and work on the project, while so many other 2017 alts have bitten the dust. NEO 3 is coming in Q1 and I expect this to have a run this month. There was some buzz around Flamingo Finance launching on NEO back in DeFi summer, which shows you that the platform can still achieve relevance even in the current market. I prefer this over other, more 'famous' altcoins that have failed to move forward since 2017/18. The mid 30's is a key psychological level for NEO and I can see it running up to this area, from there we'll have to see. As a rule, I'm not rebuying many of the 2017/18 altcoins as I believe the newer projects (like DOT) to have more potential for price growth in coming years.
Long
by theponzimaster
Shedding light in an underpriced asset | NEOUSDT SpeculationDropped from its $200 ($198 to be exact) ATH during the 2017 bull run. Made it to $3 per NEO. Now price is in a huge accumulation phase. We don't have any official news that institutions are buying this too, but the signs are indicating that we might be too close to end this period. Once the bull flag pattern is broken we can blindly buy on the breakout and expect to see that more people will think the same way. Short term target lies around $35 and it extends till sub-50. Nothing more to say. One picture equals 1000 words and those who are brave will be blessed when it's all over. Crypto game in 2020-2021 require some balls of steel. Let's see how NEO will play out in the next days. Thanks for reading! As always, you can show your support with a like!
Long
by GeorgeZii
2
NEO/USDT: An Overlooked Altcoin with High Upside PotentialIn this analysis, I will be shedding light on Neo, an altcoin that used to be one of the top in terms of market cap during the 2017 bull run. NEO currently sits at #31 on the market cap list, with $1.18b in market cap. Analysis - It's important to note how the volume continues to increase dramatically over time - Prices have barely moved within the accumulation zone, yet the trading volume has reached an all time high on Binance - It has a setup very similar to that of other major alts such as Ethereum and Litecoin, which have shown/is showing parabolic moves - Prices are trading above the 20 Simple Moving Average (SMA) and 60 SMA. - We are seeing a bullish descending wedge formation on the weekly - Should we see a breakout leading prices to test previous all time high levels, the upside is an astonishing 900%. - The fibonacci retracement demonstrates potential resistance zones Conclusion I believe that there is high upside potential for NEO. Especially with NEO 3.0 launching this month, we could expect a news driven breakout for this altcoin.
Long
by Michael_Wang_Official
7