NEOUSDT
Neo 5th Eliott Wave EntryDMI: Weekly dominance before a 4th wave.
Stochastic: on bottom starting a cross.
If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B.
SL: over 50 EMA ($14.2)
1ST TARGET: 0.618 FIB ($23,7) +46%
Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA .
2ND TARGET: 1 FIB ($30.1) +86.67%
Neo 5th Eliott Wave EntryDMI: Weekly dominance before a 4th wave.
Stochastic: on bottom starting a cross.
If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B.
SL: over 50 EMA ($14.2)
1ST TARGET: 0.618 FIB ($23,7) +46%
Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA.
2ND TARGET: 1 FIB ($30.1) +86.67%
NEOUSDT Risky Short positionHello traders
As you can see in the chart above, the price has formed a head and shoulder and a rising wedge pattern. So I expect the price to fall.
What's risky? Price may have formed a double retest on the 4H descending trendline.
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NEO 4h Continuation of the global fall to $10The previous Neo idea worked out completely .
It's time to update our vision of the NeoUSDT possible future price movement within the frame of the global short idea , which is almost 2 months old.
Neo reacted relatively weakly to the BTC growth compared to other altcoins.
It looks like the big money isn't interested in a coin at its current price yet.
The first zone, from where the next NeoUSDT fall can start is $15.60-16.20.
If, by some miracle, the price is able to fix above this zone, then there will be a chance to move higher into the zone $17.30-17.80.
But, in our opinion, the fall is inevitable:
Intermediate target of the fall - $12.60-12.70.
Global target of the fall $10.50-10.60.
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Neo/usdt falling wedgeNeo /usdt
Forming falling wedge and in downtrend since last 19 September
It can drop and retest horizontal support area below or trendline support and then rebounce
But best buy area is after break trendline resistance
Wait patiently and you can buy after break or retest of trendline resistance
Good luck and happy trading
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NEO might be ready to go up, NEO yukarı gitmeye hazır olabilir!It seems like NEO has completed its ABC correction; If it does not make a complex structure near the green ((1)) wave and passes it is time to go for new highs.
NEO ABC duzeltmesini tamamlamis gorunmekte; Eger ki yesil ((1)) dalgasi yakinlarinda kompleks bir yapiya girip asagi donmezse, 3. dalgaya gidisi ile yeni zirveler getirecektir.
NOEUSDT: Possible Long (05.11.2020)A strong divergence has formed on H4 between the price and the RSI. In addition, the RSI is still close to the oversold level, which signals the possible completion of the downward movement.
On H1, the price has broken through the downtrend line, and now a correction is being formed.
We recommend buying NEOUSDT with a local correction on H1 with a stop loss at $ 13.7
NEOBTC, The most clear entry point!If the price will approach the Support zone sharply we should look for an accurate Buy entry above it.
It falls a lot of time and the correction can be huge!
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Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
Neo NEOUSDT - Bearish Head and Shoulders (Daily)- Massive head and shoulders pattern is currently forming on Daily chart
- The main Trend line is also broken on LOG chart
- The price is below 20 moving average
- This formation is bearish and we can expect lower prices in the future - my target is around 10 USD
- If you use Volume Profile (Fixed range), you can see a good support level around 10 USD (Point of Control)
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Neo Trading IdeaHello traders,
Neo is at the bottom of a huge upward channel and now formed this bullish triangle formation what indicate us that it will continue at least for now with its upward movement. We recommend to buy above this triangle for a better profit/risk relationship.
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