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NEOUSDT

NEO/USDT Possible will retesting phase to continue upward Move!💎 NEO has indeed attracted considerable market attention with its successful breakout from a key level. However, it has yet to undergo a retesting phase at the demand area, previously acting as a supply zone. Upon closer examination at a lower timeframe, NEO appears to be forming a triple-top pattern in the current region. 💎 Triple-top are often indicative of a distribution phase and could potentially lead to a retracement to the demand zone within the range of $10.7 - $9.9. In the event of such a retracement, a significant bounce from the demand area could occur, probability paving the way for NEO to resume its upward trajectory and reach our target area. 💎 In a less favorable scenario, if NEO retraces to the demand area and fails to hold its ground, breaking down from this level, it confirms a downward momentum. Consequently, NEO may revisit the robust demand area, which was formerly a supply zone, indicating a potential accumulation phase.
by MyCryptoParadise_Nathan
4
Is NEO repeating the pattern of the past bear market? Hello everyone! If you're looking for a hefty profit and are willing to wait, then take a look at NEO. On the weekly timeframe, you can see that the price movement is very similar to the price movement in the previous bear market. Back then, there was also a long sideways period that lasted 847 days before the price surged upwards. Currently, there is a similar sideways period with the upper boundary being the 0.236 Fibonacci level, and the asset is at the bottom of this sideways range. The price could still drop to $5.9 per coin. So, the timing of when to open a position remains open. Fibonacci levels serve as targets on the chart. This is not financial advice, and anything you do is at your own risk.
Long
by neverovv
NEO/USDT Break Key Area, Bullish Momentum ?? NEO Analysis TodayYello Paradisers, Break Alert! 💎 After breaking through a key supply level, the chart confirms that we're in the retesting phase, transitioning from supply to demand. For further confirmation, we need to see the daily candle sustain above this new demand zone and close as a rejection candle. If this occurs, NEO is likely to continue its upward trajectory, targeting the bearish Order Block (OB) or strong supply area. 💎 However, if NEO fails to maintain above the demand zone, it could reverse course and test the bullish OB area, where additional accumulation could be advantageous. 💎 The bearish OB zone also coincides with a resistance trendline from a descending channel, making it a pivotal area for NEO. A successful breakout from both the bearish OB and the descending channel would be a bullish indicator for NEO. 💎 This analysis would be invalidated if NEO breaks and closes below the key support level on the daily timeframe.
by MyCryptoParadise_Nathan
17
NEOUSDT.1DBased on the provided market data, the NEO/USDT pair is currently trading at $8.34. The pair has a 4-hour RSI of 74.69 and a daily RSI of 74.14, indicating that it is in the overbought territory and may see some pullback. The MACD on the 4-hour and daily timeframes are both positive, suggesting an ongoing bullish trend. However, the 7-day RSI is at 47.38, which is near the middle of the range, suggesting a neutral longer-term outlook. The 7-day MACD is negative, which could indicate a bearish trend over the past week. In terms of support and resistance levels, the 4-hour chart shows resistance at $8.67, $9.22, and $9.58, and support at $7.67, $6.47, and $6.30. The daily chart shows resistance at $8.73, $9.94, and $10.50, and support at $7.07, $6.50, and $5.78. The 7-day chart shows resistance at $8.48, $11.59, and $15.50, and support at $6.34, $5.92, and $5.44. In conclusion, while the short-term trend for NEO/USDT appears bullish, the market data suggests that the pair is currently overbought and may see some pullback. The longer-term outlook is more neutral to bearish. Traders should keep an eye on the support and resistance levels, as well as the RSI and MACD for signs of potential trend reversals. As always, it's important to combine this technical analysis with other market indicators and news events before making any trading decisions.
by MarsSignals
1
The Power of Three - NEOUSDT Support Zone Study💎The #NEOUSDT daily chart has been exhibiting an intriguing price action pattern that's worth our attention. Of particular note is the remarkable resilience of the $6.76 support level, which has seen the price bounce off it three times consecutively. This support level coincides with the 78.6% Fibonacci retracement level, further enhancing its significance. 💎In recent days, #NEO has been on a consistent upward trajectory. Given the consistent respect for the support, the probability leans favorably towards a continuation of this upward movement. 💎For prospective buyers, it's essential to identify potential profit-taking areas. There are two notable levels of interest in this regard. The first is a minor resistance near the psychologically significant $8 level, which also aligns with a double Fibonacci level. Notably, bears have put up a strong defense in this price region, making it a likely initial profit-taking zone for buyers if the price continues to rise. 💎However, should this resistance level be breached, the prospect of an extended uptrend becomes more compelling. The next target for #NEOUSDT would be the $9 area, which holds significant importance. This zone corresponds to the 61.8% Fibonacci retracement level, the 200 Simple Moving Average, the long-term downtrend line, and the Volume Profile resistance. 💎For the MCP team, this constitutes a key price area to monitor closely, as a breakout above it could signal the initiation of a long-term uptrend. Nonetheless, Paradisers, it is imperative to continue monitoring the 78.6% Fibonacci support level. Any attempt by the price to breach this level should be regarded as a robust warning sign of a potential continuation of the downtrend. 🔍 Keep a watchful eye on these critical levels as the price action unfolds.
Long
by MyCryptoParadise
NEO/USDT prepare for bullish move? 👀 🚀 NEO Today AnalysisParadisers, gear up for an exciting opportunity with NEOUSDT! After touching a bullish Order Block, it's primed for a dynamic upward surge👀 💎 In the wake of recent market volatility, NEO experienced a significant drop but has since regained its bullish momentum. 💎 There's a Bearish Order Block above that the price has already tapped once. We're optimistic that it will revisit this level, given the remaining liquidity. 💎However, if the price breaks through the demand zone, consider a short entry to capitalize on the situation. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
Bullish 📈 on $NEO for a price target of $89 🚀🚀 The Bullish Case for NEO 🚀 I've analysed the NEO chart, and I find the technical indicators suggest to be oversold. This is often a strong buying signal and, combined with the fundamentals of NEO, makes me decidedly bullish. It is not financial advice. 1️⃣ Oversold Territory: The recent market correction has pushed NEO into oversold territory. Historically, these have been excellent opportunities for value investors. 2️⃣ Target Price : Given the current chart patterns, I am expecting NEO to bounce back and reach no less than $89. 3️⃣ Past Cycles: NEO has shown strong resilience in past market cycles, demonstrating impressive growth and recovery. I think that it's poised to follow a similar trajectory in the near future. 4️⃣ Smart Economy: NEO has a growing ecosystem of dApps, which could push the demand for NEO even higher. 5️⃣ Scalability & Efficiency: With its dBFT consensus mechanism, NEO provides high transaction speed and reduced energy consumption. 6️⃣ Interoperability & Quantum Resistance: NEO's commitment to quantum-resistant cryptographic mechanism positions it intensely for the future. As always, this is not financial advice but my personal opinion based on my own analysis and research. Always conduct your due diligence when investing.
Long
by Joy_Bangla
1
NEOUSDT Ready To Breakout?The cryptocurrency NEO appears to be gaining strength vs tether as we see that this asset has made a deep retrace of the June 28th low to July 1st high and if the 88.6% retracement level is to hold, there is a bullish argument beginning to develop. We are at resistance however, but if the RSI is told hold true, there is classic bullish divergence in development there that may give this asset the juice it needs to break through and hold. I like targets up around $9.5 and $9.7.
Long
by TradeVibez
NEO → %160 profithello guys... as you can see, this coin engulfed the last high very well and formed a QM pattern, retrace to this level quickly! if you take the risk you can enter now! and close 33% position in each target, but if you need confirmation you can get it when the price engulfed and make consolidation upper than $11.8. first target: $12.5 second target: $15.9 this target: $21.4 ____________________ about this coin: NEO is a cryptocurrency that operates on a decentralized blockchain platform often referred to as the "Chinese Ethereum" due to its similarities with the Ethereum blockchain. NEO aims to digitize assets and facilitate the creation of smart contracts, allowing developers to deploy and execute decentralized applications (dApps) on its platform. One of NEO's distinguishing features is its delegated Byzantine Fault Tolerance (dBFT) consensus mechanism, which ensures faster transaction processing and increased scalability. NEO's token, also called "NEO," plays a crucial role in the platform's governance and allows holders to participate in decision-making processes. ___________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
BINANCE:NEOUSDLong
by melikatrader94
14