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NEOBTC trade ideas

NEO Is Setup To Move Strong If It Can Stay Above This... 1000%+ NEO (NEOBTC) started to grow in late October 2019 after hitting a low in September. It managed to gain strong momentum and break above all major resistance levels in the form of EMAs, peaking just shy of hitting EMA300 (gray line). After a strong bullish move, a retrace follows... and for NEOBTC prices remained really strong and quickly moved back above EMA200 (brown). Now that prices are above EMA200, NEOBTC can easily make a strong jump. The fact that the price hit just below 0.5 Fib. retracement rather than 0.786, is another bullish signal to keep in mind. With that side, prices can still move lower and a drop below EMA100 (purple line - 0.001199) would invalidate most the bullishness coming from this chart short-term, but we still lookup. This is a good setup, NEO is looking for the long-run. Here is the weekly chart: Thanks a lot for reading. Namaste.
by AlanSantana
7
NEO is Clean & Correction Possibly CompleteNEO is definitely one of the better alt-charts I've seen. A clean five waves up from the lows which completed back in August 2017. What follows looks like an expanded flat. When a market as a whole shows strength, even corrective moves can be very powerful, hence the B wave took out the previous high during late 2017. That didn't last for long though and was swiftly followed by the C wave. For a completed C wave, I'd need to see five waves down and that's clear to see in this chart. It also tagged the 0.618 which is considered typical for a wave two correction. There are many others that have significantly deeper corrections which is why I consider NEO to be a decent bet. I'm expecting wave three to ensue through 2020 Targeting 1.6 - 2.6 extension of wave one (linear-fib) If the September 19 low breaks, it'll likely make its way towards the next fib or support level Fundamentally, I've done very little research Definitely one to add to the 2020 watch-list This chart may age like a glass of milk in the sun, thus, it should be considered purely as speculative analysis. Any EW traders with a different view, feel free to share.
Long
by MM-Charts
3
NEO Long strategyNEO has broken down a channel with bullish tendency still beeing visible as RSI and the Ichi cloud indicating the bulls are still in it specifically I would like to state the support at the end of the cloud holding the price action for neo. In case NEO finds itself over the cloud it will immediately complete a cup & handle on its way up to the resistance at top of the channel. The buy demand structure shows a pullback scenario shall happen at the top of the channel. The best safe place to place your SL has been placed on the chart.
Long
by Zivul33
1
Local Support Double Bottom| Low Volume| Tend Change?Hello Traders! Welcome to another update, todays chart will be on NEOBTC currently resting on the .50 Fibonacci level, will bulls have momentum to push NEO further up? Points to consider, - Trend change attempt - Double bottom as local support - EMA’s giving resistance - Stochastics in lower regions - RSI bouncing of support - Volume clearly declining A trend change will come to fruition if NEO holds this potential double bottom; this will put in a new higher low. The double bottom is in confluence with the .50 Fibonacci level, putting more emphasis on the importance on this level. EMA’s are currently giving price resistance, will push NEO down if no bull volume comes through at current given time. The stochastics are currently in the lower regions, can stay there for an extended period of time, however lots of stored momentum to the upside. RSI is bouncing of support, must hold, a break will most probably send NEO to lower levels. Volume has declined rapidly, a clear indication that a move is imminent in either direction with in influx of volume. Overall, in my opinion, a confirmed trend change will come from the respect of the local double bottom. A break of this level will increase the probability of NEO testing lower levels as the trend will still remain bearish. What are your thoughts? Please leave a like and comment And remember “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
by AzizKhanZamani