NEO's Situation: What Shall we Expect ?Hi.
COINEX:NEOUSDT
✅ Today, I want to analyze NEOUSDT for you in a 4H time frame so that we can have a Short-term view of NEO regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️Double bottom is in formed on weekly timeframe.
Looking for the retest of the neckline, If the neck breaks, it will witness good growth.
- High potential areas are clear in the chart.
- You can look for reasons to enter according to your own personal strategy after approval.
-AB=CD
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEOUSDT
NEO/USDT Break Alert!! Indicating Bullish Momentum for NEO💎 NEO has recently exhibited significant market dynamics, notably breaking above the key resistance level of the accumulation phase.
💎This breakout signals a bullish momentum for NEO, with the probability of continued upward movement toward our target area.
💎 However, if NEO retraces back into the accumulation phase area, breaching the support level, it would indicate a false breakout and could trigger a downward movement toward the demand area.
💎 In such a scenario, it is crucial for NEO to bounce off the demand area and reclaim the area above the resistance to resume its bullish momentum. Failure to do so may result in further downward movement towards the key support area.
#NEOAccording to the two high-pressure candles, buying a reversal candle can enter a long trade with confirmation in the 0.23 Fibo area. Because the first area of the supply is completely consumed and the next unconsumed area is the range of $30. Therefore, if approved, it can continue to grow until the next supply area.
NEO/USDT bullish horizon from demand? 🚀NEO Analysis
💎 Paradisers, gear up for a promising trading journey with #NEOUSDT, as it unveils potential for a bullish surge from its demand zone.
💎 Delving into #NEO path, we've noted its rise following the closure of an FVG at a crucial supply level of $13.70. Despite a momentary slow-down, we're now eyeing a bullish jump from the demand level of $12.25, enhanced by significant liquidity, making a strong case for a turnaround. Staying resilient at this level may well lay the groundwork for the anticipated bullish journey.
💎 Should the drive for NASDAQ:NEO begin to diminish, we're set to look for a revitalizing leap from the solid demand level at $11.57. Yet, falling below this key level might herald the start of a deeper bearish phase.
NEO/USDT Bullish Reversal on the Horizon? 👀🚀NEO Analysis💎 Paradisers, brace yourselves for an exciting trading opportunity with #NEOUSDT, as it's currently lining up for a bullish turnaround from its support zone.
💎 A look back reveals NASDAQ:NEO struggling to surpass its previous high, leading to a bearish sentiment. However, the tide seems to be turning. At the support level of $10.08, where it has already stirred up some buying interest, there's a strong possibility of a bullish shift aiming for the significant supply zone at $15.12.
💎 We, the shrewd traders, are always equipped with a Plan B. Should #NEO dip below our key support at $10.08, we're prepared to capitalize on a bullish rebound from a further support at $9.03. But be cautious, as a drop below this additional support could signal a deeper fall.
NEO/USDT This area so strong to sustain NEO, Ready for re-upward💎 NEO has undoubtedly garnered considerable attention in the crypto market, showcasing a significant rebound from its demand area. This resilience highlights the strength of the demand, hinting at NEO's potential to resume its upward trajectory.
💎 The focus now shifts to NEO's ability to breach and establish above a crucial resistance level, a move that probability could signal continued bullish momentum.
💎 However, should NEO struggle to ascend towards this key resistance area, there's a risk it might retract to the demand zone. A critical point to watch is NEO's performance in this demand area.
💎 A failure to maintain its position, particularly if it breaks below this zone, would be a stark bearish indicator. Such a breakdown would confirm a downward trend, with NEO likely to slide towards the next support level at approximately $8.7. In a more bearish scenario, NEO could extend its decline even further, reaching a stronger support level.
NEO/USDT Could NEO Bouncing and continue Upward ??💎 NEO has recently become a focal point in the market, particularly with its bounce from the demand area. This rebound highlights the strength of the demand in preventing further price drops. There's a strong possibility that NEO might continue its upward movement, probability aiming to break through our identified strong resistance area.
💎 In the demand zone, a robust recovery is crucial for NEO. If it ends up merely consolidating in this area without a significant bounce, there's a risk that NEO could lose this key support zone. This could potentially lead to a downward movement, taking NEO back towards the Bullish OB area.
⚡️ NEOUSDT CMC TRADING ⚡️ 4H LIQUIDITY GRABIdentified an $$$ grab above the previous higher high under the 4-hour timeframe and some how prices managed to get back below the point of interest. Here I have picked up the major order block that caused the imbalance responsible for the ChoCh. And now the price approached the entry model used here under the 15-minute timeframe.
NEOUSDTIs NEOUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 11.70.
What you guys think of it?
#NEO/USDT
#NEO
The price has been moving in a descending triangle since May 2023
price move in up waves
Finally, the price reached the upper line of the channel, which is the main resistance line
At 9.40 , which is the current price
We expect to break the resistance line with targets
First target 11.64
Second goal 14.20
Price breake the Moving Average 100 actuly
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like this kind of analysis don't forget to like and follow
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NEO - RELOADEDSince August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support.
NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times resulting in long wicks. Each time, the resistance won and short-term support was found with the strongest at ~$11.19.
Provided BTC continues consolidating or growing, we can see NEO push even further, targeting the $20 area (67% gain). If this doesn't happen, we could see NEO continue consolidating in the value area between $11 - $14 or finding longer-term support around $9 before proceeding to try again.
If it consolidates, NEO could move to the top of the value area in the short-term for a modest 16% gain.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only.
Please feel free to leave your comments and thoughts below!
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.
Trying to jump into NEOIdeas combine Dow theory, Wyckoff and Fibonacci. No other indicator used.
Neo is currently moving down after a huge selloff.
After careful examination and looking for the equilibrium zone, it is found that highest probability zone for optimal buying sits between 11.87 - 11.58 area (between the 0.382 - 0.05 levels)
A candle-close below 11.58 will invalidate the idea.
Looking at a 36 min chart here.
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.
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.