NEOUSDT Descending Triangle Bullish Breakout & RetestNEOUSDT Descending Triangle Bullish Breakout & Retest Completed.
The market also filled order block and pumping RN.
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
Buying Zone Above:
Above BZ1: 95.266
BZ2: 96
BZ3: 97
Targets:
TP1: 105.139
TP2: 118.027
TP3: 133.691
TP4: 170.374
Stop Loss: 75.302
Neousdtlong
NEOUSDT good for buy!!NEOUSDT (1H Chart) Technical Analysis Update
Resistance become support
NEO/USDT currently trading at $64.00
Buy-level: $63.45 - $64.00
Stop loss: Below $61.10
Target 1: $66.50
Target 2: $68.50
Target 3: $70.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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NEO DAILY TIME FRAMEIn major time frames we saw how the price is starting to form an uptrend.
In this chart we see how the price has broken an accumulation area and is forming a continuation pattern, the price breaks the resistance with fractality and returns to the now support. If the price leaves us with a decisive candle in this area, we can go long to look for a long run up to $40.
Shedding light in an underpriced asset | NEOUSDT SpeculationDropped from its $200 ($198 to be exact) ATH during the 2017 bull run. Made it to $3 per NEO. Now price is in a huge accumulation phase. We don't have any official news that institutions are buying this too, but the signs are indicating that we might be too close to end this period. Once the bull flag pattern is broken we can blindly buy on the breakout and expect to see that more people will think the same way.
Short term target lies around $35 and it extends till sub-50. Nothing more to say. One picture equals 1000 words and those who are brave will be blessed when it's all over. Crypto game in 2020-2021 require some balls of steel.
Let's see how NEO will play out in the next days.
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NEOUSD has formed Gartley | Upto 33.8% rally expectedThe previous idea of NEO produced more than 177% rally.
Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42
Stop Loss:
The potential reversal zone area that is up to $ 15.26 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NEOUSDT - level built on two maximumsFalse break out and there is no downward movement.
Level 16.6 is surrounded by a zone of interest.
Level built on two maximums.
Breakdown of the slope locally tested on 1H timeframe
Global trend bullish
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These ideas are not a channel with signals and I do not give recommendations on the entry/exit points.
In my reviews, I provide analytics - those data that help model potential options/scenarios for price movements
Thanks for your support!
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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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