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NEOUSDT

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
Long
by AzizKhanZamani
4
NEO/BTC (Bearish Pullback?)💎Technical Analysis Summary💎 BINANCE: NEOBTC -After the dump last September 21, NEO pulled back -And tested previous support and 50MA -This area is now turning new resistance -It is also forming a Bearish rising channel -Candle body below trendline support will confirm sell -Downside target is 1600 sat area `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
5
NEO/BTC (Old Support>New Resistance?)💎Technical Analysis Summary💎 BINANCE: NEOBTC -After the price broke the trendline support -NEO pulls back to test the old area, it is now turning resistance -The previous support also coincides with 50ma dynamic zone -If the Bulls can't pass 2100 sat above and consolidate -The Bears may enter the market and send the price lower -The downside key targets is around 1600 sat `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
4
NEO/USDT (Bearish Channel Confirmed?)💎Technical Analysis Summary💎 BINANCE: NEOUSDT -NEO broke the rising channel to the downside -Which by Technical, it is a Bearish pattern most of the time -We can see an engulfing red candle followed with a big spike in sell volume -This is a strong indication of the massive amount of NEO sold at the market price -Well, we know BTC is also breaking to the downside causing Alts to follow down -But NEO is highly affected or the most weakness against the USDT pair -If you have a position since the rally from 16 dollars to 25 dollars -Be sure to take profit and move stop loss at key levels -If you are looking enter a Buy order, wait for the price to test the major support at the $15 range `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
5
NEO: Classic Bearish Divergence (1W Chart)! 30% Gains Possible.Here we will make a small analysis and look at NEO, one of the biggest gainers of 2020 in the alt coin index. We have witnessed one of the best opportunities to take a short here with a relatively low risk ratio since NEO has already pumped. We can enter the trade anytime here and since it is the weekly, we can expect large profits to be made here with just the RSI divergence being the main factor. We can expect NEO to be one of the first to be the largest gainers for shorting due to the 500%+ gains throughout a span of 6 months, and we can also expect a drop in the overall market due to the Bitcoin Dominance also rising. Trade Safe. X Force.
BINANCE:NEOUSDShort
by XForceGlobal
1
NEO/USDT is lloking for the reversal. ShortLooking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this. 1) Price/Volume and Price/RSI divergence. 2) This divergence occurring next to the important resistance zone of $22.90 3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9 Trading Plan: When the price will reach the sell zone it is important to monitor the strength of Buyers and Sellers. There is a possibility that price will spike above the $22.9 level to collect the stops of short-sellers prior to the downward move. After that, there is a good chance that the price will drop below the 22.55 mark, retest this level as resistance and will start its decline. The first take-profit target would be located in the area of $20-$21 and at this point, you can fix some position moving the stop-loss towards the break-even point. After that, If there will be no buyer on the market the price may continue its decline towards the POC of the horizontal channel. Below POC level we may see the formation of some buying strength, however, the major support area is located at around $16.7 - $15.8 Best of luck with your trading.
Short
by Wunderbit
2