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NEO / Bitcoin

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NEOBTC trade ideas

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 ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
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
by kingthies
NEO - correction is done, buying opportunityHi everyone We can see that NEO is currently trading at the strong support that was previously a strong resistance and I think it will hold. If you look at the blue line I drew, we can see that NEO pumped really nicely, and then a perfect correction occurred, a retest on the strong support and i'm pretty sure neo will bounce off this support line. NEO 3.0 mainnet is nowhere near now, so there is no FA at the moment. I would suggest setting a S/L. Best of luck!
by LuckyTradez
2
Nice buy opportunity for NEOPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- - NEO has broken the support level that held since December 2019 (yellow bar) - Ascending channel with bullish momentum, setting higher highs and higher lows. - Fell below the 200 MA and is now touching the bottom of the channel. - If we see a bullish close on the daily and a bullish follow up tomorrow, the path is clear towards 1292 sats. SL is set at a 2% drop. R/R ratio = 5.24.
Long
by Coinathlon