NEOUSDT
✳️NEO/USDT Analysis (26/11) View + Trading Plan #NEO $NEONEO has been turned down in the 21-22$ zone and NEO is heading to the 15-16$ zone. This is a good place to buy for a strong bull run later this year.
The 21-22$ zone is currently the most important resistance NEO needs to cross in order to continue its uptrend
📈BUY- LONG
-Buy: 15-16$, SL if B
-Buy more: 21-22$ if A, SL if B
📉SELL-SHORT
-Sell: 33-34$, SL if A
♻️BACK-UP
-Sell: 15-16$ if B, SL if A
-Buy: 10-10.5$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
NEOUSD | This bullish reversal move can trigger a bigger rallyHey friend, hope you are well and welcome to new update on NEW coin.
Lauch of NEO 3.0 Mainnet:
This is the month when the NEO 3.0 Mainnet launch is expected it can be on 31th Dec or earlier.
The market cap is increased significantly, and if we take a look at the priceline then it is already up by more than 500% from the month of March.
Previous Shark move:
In the month of April I shared an idea that produced more than 500% rally.
Previous BAT move:
After that the price action formed another BAT pattern, that I shared with you in Jun 2020, and this idea produced more than 171% rally.
Current bullish reversal move:
Now again the priceline ha formed another bullish reversal move. This time we also have a mainnet launch news at the support of this bullish reversal pattern, therefore, it may trigger a bigger rally.
Strong supports of moving averages:
On the long term weekly chart the price action is having good supports of exponential moving averages 10 and 21 and simple moving average 25 as well.
Conclusion:
Even though the charts and the overall situation is very positive in favor of bullish move, but we should use 25 SMA on weekly chart as stop loss because, if it will be broken down then price line may turn more bearish to complete harmonic move on long term.
NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally.
Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42
Stop Loss:
The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NEO/USDT long term view (elliott waves)NEO / USDT
🌟 TECHINCAL ANALYSIS🌟
LONG TERM
according to elliott waves and my drawing
We now on 2nd impluse wave (yellow)
May be correction not ended yet
but once we started on wave 3 the pump will be crazy
This view for long term only
For entery (buying) must look at lower time trames
And see local bullish signs
Please have a plan before trading and don't trade blindly
Good luck and happy trading 🌹
NEO 12h Still the situation is under sellers' control Despite the BTC growth, sellers on the NEO chart feel pretty confident.
Fixing the price above $18.50 could trigger the growth to $20.16.
This is the level that sellers should start to strongly defend.
But so far this has not happened, and the entire crypto market is supposedly preparing for a correction. NEO may begin to fall in value too.
The first medium-term target is the level $14.50.
Below is $13.50, $12.50 and globally $11.16.
But, by this time, we will most likely refresh the idea. Therefore, like and subscribe to us to be the first in the course of events.
NEOWhat Is NEO?
NEO was founded as AntShares by Da Hongfei and Erik Zhan in China in 2014 and was rebranded "NEO" in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts. NEO aims to automate the management of digital assets through the use of smart contracts, with the eventual aim of building a distributed network-based smart economy system. (For more, see Are Smart Contracts the Best of Blockchain?)
Digital Equivalents on the NEO Platform
NEO theoretically describes its Smart Economy System as (Digital Assets + Digital Identity + Smart Contract = Smart Economy). Assets can be easily digitized on the NEO blockchain in an open, decentralized, trustworthy, traceable, and transparent manner that is free of intermediaries and their associated costs. Users are able to record, buy, sell, exchange, or circulate various kinds of assets. The NEO platform allows for linking the physical asset with an equivalent and unique digital avatar on its network. NEO also supports the protection of assets. Those assets registered on its platform have a validated digital identity and are protected by law. Digital identity enables verifiable key information about participating individuals, organizations, and other entities that exist in the digital context. Smart contracts allow the execution of transactions and agreements among different parties without governance by any legal system or central mechanism. The execution of such contracts is based on the programming code of the network, and the coding allows traceability, transparency, and irreversibility of transactions. NEO supports two crypto coins, NEO and GAS. It supports programming in all mainstream languages including C#, Java, Go, Python, and Kotlin, which facilitates a large community of developers to easily contribute to its platform.
Focus on Regulatory Compliance
NEO maintains a clear distinction from other standard blockchain platforms, as it is focused on being regulatory-compliant. While digitized assets and smart contracts are popular on other blockchain platforms like Ethereum, the third key feature of what it calls its “digital identity” separates NEO from the rest. Every individual, business, or any other entity operating on the NEO platform is expected to have a unique digital identity that can be verified. People, businesses, and projects have the option to transact among themselves only if the other party has the required identity, which makes the NEO network regulatory-compliant. Even the various nodes on the NEO network may need to have identification before they can contribute to the transaction verification and other activities like accounting and bookkeeping.
Enter Onchain
While working on NEO, the cryptocurrency's founders, Da Hongfei and Erik Zhan won the interest of various enterprises looking for private blockchain solutions. Thus emerged Onchain in 2014, an independent technology company that works with the necessary financial and legal frameworks and provides blockchain solutions to various enterprises.
While NEO works like bitcoin and ethereum, Onchain focuses on the creation of private and consortium blockchains to meet the specific needs of the industry.
Onchain’s major product, Distributed Networks Architecture (DNA), uses digital asset applications to help businesses by creating private and public blockchains. DNA is believed to be the blockchain platform that can be customized to address all sorts of different problems in the private and public sectors.
NEO and Onchain: How They Differ
NEO and Onchain are separate entities that exist independently, and neither owns the other. NEO targets the business-to-consumer (B2C) segment —where the "C" can refer to a customer or even community—while Onchain focuses on business-to-business (B2B) enterprise services. Both are separately funded. NEO is funded by a public community, while Onchain is backed by China’s largest private conglomerate, called Fosun. When asked why he chose Fosun as an investment partner, founder Da Hongfei said: “The three major arms of their portfolio include finance, medical science, entertainment and lifestyle, which has good synergy with blockchain tech. This is why we chose Fosun Group as an investment partner because we highly value the Enterprise resource that Fosun provides, a platform for Onchain to display blockchain technology.”
NEO and Onchain: Their Vision
The common founders of NEO and Onchain envision that they will be able to achieve cross-chain interoperability in the future. That is, a mechanism will be developed to connect and share information between the various blockchains whether they are public like NEO or private such as those operated by businesses. As the number of blockchain-based systems continues to grow in both the public and private domains, there will eventually be a need to have interoperability among various blockchains. The teams at NEO and Onchain hope to fill this gap through their ongoing work.
However, to enable such interoperability, trust and identity become important. That gap will be filled by the intrinsic “Digital Identity” feature which is an integral part of the NEO blockchain platform.
Essentially, NEO and Onchain may pave the much-needed middle path between the completely decentralized, unregulated, and anonymous blockchain systems like bitcoin and the conventional KYC-compliant economy that is the present-day system of bank accounts and credit cards. By taking an all-inclusive approach that attempts to involve and serve the needs of all parties—individual users, network contributors like miners, transacting participants, private businesses, and even regulators—NEO and Onchain may be best placed to provide a holistic solution to the ongoing rift between closed-economy regulators and the open-system cryptocurrency enthusiasts.
A Solution for China?
The NEO platform acts as the foundation of Onchain’s DNA concept. NEO provides decentralized, public blockchains while OnChain’s DNA fills the need for private blockchains. Linking both these systems may enable the best of both worlds. Onchain has already received an endorsement for DNA from the government of Guiyang, the capital of Guizhou province of Southwest China. Both parties jointly released smart contract 2.0 and other Chinese blockchain technology in early 2017.
In mid-2017, Onchain was among the first batch of companies that successfully passed the Chinese blockchain test, which was followed by an investment partnership with the Fosun Group. Despite China's recent tightening of its grip on cryptocurrencies, the acceptance of blockchain technology is a clear possibility. In mid-2017, the Chinese government was reported to be experimenting and creating its own national cryptocurrency. Despite its hard stance on the various decentralized cryptocurrencies and ICOs, rumors are swirling that the government may be looking for an alternate solution and it remains open to working with companies that are willing to play by its rules. Being local Chinese ventures, NEO and Onchain are the top contenders if this is true. If the promising Onchain technology can be accepted and integrated with the Chinese government and businesses enabling an all-inclusive solution, then it will greatly increase the widespread adoption of NEO.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Neo Bullish 5th WaveRealy good entry for swing trading.
Weekly Chart.
Stochastic: Crossing up
Volume: decrease when price goes down (4th Wave)
Price stopped at 0.618 FIb Retracement of all the swing and 3 Weekly Candles confirms the bull move.
I Think it's a good entry.
Everyone has to do their own analysis, that's only my vision.
Is NEO making a bearish megaphone?Looks like NEO ( BINANCE:NEOUSD ) will retest the previous support, between $4.5 and $7.5 (look at Red box), completing the bearish megaphone, and if the bearish megaphone breaks to the lower side, then it will retest the previous support below that, of $1.89.
Do you agree?
Leave a comment and a like!
Good luck