NEOUSDT
NEO- pushing over or retesting the trendilineNEO made a nice push today,however, it is now facing a hard resistance.
Below we can see higher lows forming which indicates an uptrend.
If BTC stabilizes overnight we could see a push here over the resistance. If NEO breaks over it can go to th $20 levels.
However, if NEO bounces of the resistance it will retest the trend line and make a higher low.
NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PAEvening Traders,
Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex.
Points to consider,
- Price Action Higher Lows
- Dynamic S/R Support
- Structural S/R Resistance
- Oscillators Neutral
- Low Volume
NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias.
Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias.
The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish.
Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
NEO.USDT (Y20.P4.E1).Reversal areaHi All,
Many of the Alts have created a reversal bottom and NEO seems lagging behind but doing similar formation.
Its pullback is very deep, back were it started from.
Trying to find the reversal structure is obviously a bigger risk but better returns.
I'm also aware of the BTC price action which can drop a little more as per my post, but i don't see that happening quickly.
Also note yesterday was a BTC dominance day where many ALTS dropped price, today they can start reversing as well.
Note: hidden bullish divergence.
My strategy,
Looking at the 4 hrly (2 hrs left to close) and 8 hrly chart for a bullish candle combination\setup;
Check the smaller time period to see an entry level;
Place a small order. If it gets to be correct, follow up with another order which offsets any potential losses by the profit gained by the first order;
Place a stop as per chart;
Lets see how this one goes.
Regards,
S.SAri
POTENTIAL Fractal, LINK
NEO/BTC (Daily Bear Flag?)💎Technical Analysis Summary💎
BINANCE: NEOBTC
-After a few days of consolidation within a small range
-NEO is starting to make a move again
-And the direction is going down
-This might be a potential Bear flag confirmation
-If the daily candle closes below its local support area
-The downside target is down to 1300s sat area
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NEO to see a 13% leg up.NEO - Short term
We look to Buy a break
Price action has formed a bullish ascending triangle formation.
A break of yesterdays high would confirm bullish momentum.
Levels below 18.00 continue to attract buyers.
A move through bespoke resistance at 18.34 and we look for extended gains.
We look for gains to be extended today.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Our profit targets will be 20.34 and 20.98
Resistance: 18.00 / 18.35 / 19.10
Support: 17.65 / 17.40 / 17.00
Signal Centre
NEOUSD: Possible Long (11.10.2020)On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is visually visible.
We recommend buying NEO to keep the position above 26.
CTSIUSDT AnalysisAt this moment, there are 3 SELL signal present and I'm BEARISH .
So, I don't think this is a good time to buy yet.
If you want to buy again, we have 3 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.052) for 1D to buy,
3- You can buy when candles touching the support line (0.027)
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
NEO approaching golden pocketPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- 35% correction on NEO
- Golden pocket coïncides with 1500 support level
- MACD histogram is beginning to show weakness in the trend
I would wait for a confirmation of the 1500 level. With a tight SL at 1430 sats.
Target 1: 1650
Target 2: 1800
Two FIB levels that fall perfectly together with resistance levels
How do you feel about this trade?
NEOUSDT |25% Long | when is the Time ??| 1DIn 1D view of BINANCE:NEOUSDT chart we have a strong support level which pushes the price above this are. Therefore we need to watch the chart for a signal for entry and that signal is our resistance level. If the price moved above this area we can put our long.
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NEO recent movements explainerHello, Traders!
NEO has been behaving interestingly recently, with the cryptocurrency not fully correlating with the rest of the alt coin market. NEO has made huge strides since March, although has recently seen a large correction. This correction has seen NEO move from $26 USD to $19 USD, a value decrease of 27%.
During NEOs move up since March, the 0.5 Fibonacci retracement has been highly effective at showing whether the move will continue.
In the first two retracement, NEO bounced off the 0.5 Fibonacci level before a further move up. However in the recent retracement down, NEO plummeted straight through the 0.5 Fib. This Fib level drawing was created with the two dark blue X points. Therefore the current bullish trend is at an end.
This means that NEO has a high likelihood of falling towards the purple line. The purple line is the 0.5 Fib level from the two light blue X markers. In the move down it could possibly see NEO follow the green path. If this occurred, NEO would likely still remain bullish.
Watch out for the market and good luck!
NEO/USDT 12h (Binance Futures) Big ascending channel breakdownNeo is looking for further retracement, I expect it to continue falling inside that smaller channel.
Current Price= 18.818
Sell Entry= 18.971 - 19.791
Take Profit= 17.477 | 15.481 | 13.716
Stop Loss= 20.910
Risk/Reward= 1:1.25 | 1:2.55 | 1:3.71
Expected Profit= +19.64% | +40.24% | 58.46%
Possible Loss= -15.78%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 720h
NEO - Double bottom pattern + bullish channelWe are currently moving within this channel, with a very big bounce potential to the upside. There is a previous swing low, established last time and it is very unlikely, that we break this level on the first time. I would target 0.618fib level as a profit target.
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NEOUSDT Falling Wedge| .618 Fibonacci| 200 MA| Range MidEvening Traders,
Today’s analysis – NEOUSDT- price is closing on its apex where a break to the upside is probable.
Points to consider,
- Trend falling wedge
- 200 MA Support (.618 Fibonacci Confluence)
- Range-Mid Resistance
- Oscillators Neutral
- Volume below average
NEOUSDT’s immediate price action is trading in a falling wedge. This typically is a bullish pattern once resistance is broken.
The 200 MA is in confluence with the .618 Fibonacci, this adds to the probability of a bounce being probable for NEOUSDT.
Range-Mid is the immediate resistance; Price Action breaking this level will increase the probability of taking out swing high.
Both oscillators are currently trading neutral whilst the volume is currently below average. An influx is probable when breaking the falling wedge for confirmation.
Overall, in my opinion, NEOUSDT is a valid long with defined risk; Price Action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns