NEOBTC trade ideas
Is neo broken the long term downtrend line?Hello, traders.
Is neo broken the long term downtrend line? We don't know yet, but the asset is an interesting forming accumulation pattern in long-term resistance. If we break up, the downward trend of this asset can change, so we must pay close attention to the NEOBTC
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Sandro and Gustavo.
NEO.BTC (Y20.P3.E1).Compression for a breakoutHi All,
NEO macro chart shows a compression formation ready to break out to the upside, very similar to ETH.BTC.
How to trade this?
Maybe wait for it to break the main trend line resistance and\or the fib. level 0.382 level, before jumping in.
4 HRLY chart
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Cheers,
S.Sari
NEOBTC broke a daily structure 🦐NEOBTC broke a daily structure, we are waiting for a retest or a daily close.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question .
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NEO/BTC: Weekly Change - Descending Channel breakoutNEO/BTC: Weekly Chart
+ Change in Market Stucture ie. HL (waiting on HH to confirm)
+ Waiting on break of Descending Channel
+ Establishing new trend
+ Expecting re-test of channel / trend (better entry RRR)
+ Price being squeezed. Breakout required
NEO/BTC (Retest Previous Weekly Support)NEO/BTC
-rejected at the downward trendline
-will likely retest the previous support at 1000 sat
-if that support will hold it will be a good buy zone
-you can also buy the break of the trendline
-the upside potential is up to 1600 sats
NEOBTC 1D long setup after retracement of impulseTA explained
NEOBTC just finished a pullback after an impulse. Pullback came down to the previous resistance zone which is now turned and confirmed as support. On both the Daily as well as the 4H TF you can see a nice touch of support area and a bounce. This support area aligns with the 0.618 fib level which is an very important level.
4H TF bounce on support:
First target is at the previous top and second and third targets align with the extended fib levels of the pullback. SL is below the 0.786 fib level of the impulse and way below the support area so should give enough space to breath.
This pair can be traded in margin with up to 4x leverage for this setup.
Trade setup
Best entries: 0.001180 - 0.001210
TP1: 0.001303
TP2: 0.001356
TP3: 0.001413
SL: 0.001116
RR: 2.38
Max leverage: 4x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
NEO Testing Weekly Res-Range - Uptrend Confirmed if Price HoldsShort - Medium Term Analysis
Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone.
If blocked, a dip wouldnt be unlikely on NEOBTC from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats
Any bounce up from these zones will retest its weekly resistance around .00124 satoshi.
Overall, NEO looks like its possibly in the beginning of a potential uptrend for its high frames, and
a macro bull trend would be confirmed with a HH prior to a LL
Neo on Standstill Neo is still on the bearish trend trading below the 200 and 7days MA both on the 4Hour & Daily Time frame. low price action activity,the bears are really in control here
NEO wake up OLD BIG BOY!He did it recently to over 1300 satoshi.
Looks like great time to buy. NEO 3.0 comming soon.
Time to wake up from the LONG WINTER sleep and with EOS (lets hope) again rise from the ashes.
Lets do it people!
NEOPrice is respecting the Fib levels. See how it has hit each level marked with blue arrow and pulled back? .618 is next will probably have a small pullback and then onwards to .786
DYOR
