NEOBTC trade ideas
NEO / BTC DailyMR NEO is looks like he's gaining momentum. After the retrace to te golden pocket 0.5 fib level. Also stoch RSI have an convirmed bullish cross over.
Also the 50 and 200 MA are squeezing what could indicta an explosive move. If its a bullish green cobra maybe after a view days we will see an golden cross.
NEO / BTC Price pivot points. Potential +12% / + 40%The chart showed potential more likely movements depending on the retention / breaking of support / resistance levels.
The chart showed potential more likely movements depending on the retention / breaking of support / resistance levels.
It is important to say that now it is a very important area for observation, an almost ideal entry point , the first movement + 12% to the level of 0.00136. If the price cannot overcome the resistance level, the right shoulder of the "Head and Shoulders" figure can potentially be drawn. Next, observe how the level of the “Neck” of the figure will be held.
Another situation, if the price successfully overcomes the resistance level in the region of 0.00136, this gives the potential for the price to move to the level of 0.0015-0.0017. And this is + 40%.
Target:
1) 0.00136
2) 0,0015
3) 0,0017
Stop Loos - below the support level of 0.00117 -0.00118
Entering the market now, or you can wait a bit when the price consolidates in lateral movement near the support level of 0.0012
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I accompany the price movement on this coin for about 2 months.
The first trading idea on October 8
NEO / BTC Falling Wedge. Lateral movement inside the wedge.
The second trading idea after breaking a wedge.
NEO A pennant is forming. Price in the corner. Potential + 45%
Profit amounted to + 70% since the publication of the first idea
$NEO possibly finishing 25% moveOn the smaller time frame, NEO has made a double bottom in its descending channel. This could potentially send it up to the higher part of the channel to eventually complete its bull flag by breaking through resistance and finally meeting around the .0017 barrier. Volume is increasing (more noticeable on higher time frames). Keep in mind a double bottom on a smaller time frame doesn't have as much power, but it could potentially.
Stoploss at or around .0013.
Trade wisely and take this idea with a grain of salt as you should with all trading.
NEOBTC Bull Flag Formation | Strong Trend | key Level Holding Hello Traders!
Update on NEOBTC, which has proven me wrong from previous analysis (see chart linked), NEO has successfully broken bullish from its apex and is consolidating above the .618 Fibonacci Level.
Points to consider,
- Strong Bull Trend
- Key resistance broken, S/R Flip
- Price consolidating on support
- Volume Declining
- RSI respecting support
- Bull Flag formation
NEO has established a very strong uptrend since 26th October 2019, breaking key resistant levels, price is now consolidating on the .618 Fibonacci level, which was a previous staunched resistance.
Volume is clearly declining upon consolidation, signalling that a move will be imminent; we have a bull flag formation which puts emphasis on the probability of a continued bullish bias from current level.
The RSI has been respecting support, which is healthy in this trend, showing that buyers are in control at current given time. The stochastics is currently projected downwards slightly, but as we can see, it can stay in upper regions for an extended period of time (Blue highlighted area).
The VPVR is quite interesting, the volume of transactions increases as it gets closer to the blue trend line, which is a good area to take profits due to technical confluences.
Overall, in my opinion, NEO has a high probability of break bullish from this flag as we are in a strong uptrend. Volume is declining, which is what we need to see in a flag formation, we are also holding and respecting a key support, that is the .618 Fibonacci level.
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
NEO/BTC Bullish Trade Idea.
Hi Guys Today I'm sharing my long idea for NEO/BTC
After Many pushes upward (with good volume) NEO seems to consolidate a bit before a new leg up.
.I'm planning to enter after a retest of the last resistance.
.This level is also a fibonacci retracement level (50-61.8%).
.I'm Targeting an old liquidity pool from the rally earlier this year.
Entry ~1410
SL ~1225
TP1 ~ 1500
TP2 ~ 2260
Have a good day!
Today`s ALT!!! NEOBTCBINANCE:NEOBTC
Exchange : Binance
Coin: NEOBTC
Buy Zone: 0.0012~0.0011
Target Point: 0.001295/ 0.00137/ 0.00142/ 0.001495/ 0.00165
S/L: 0.00108
Risk: HIGH
Term: Middle
You should be careful in buying NEOBTC because of Bitcoin
It`s making Bullish Pennant
The Volume is almost down
There isn`t Hard Resistance Line between 0.0015 and 0.00123
If it`ll break Pennant it`ll be pumping easily !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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$NEO, Looking good here as It flipped ~123k sats level..$NEO
Looking good here as It flipped ~123k sats level & is pushing up w/ volume
UCTS indicator showing a buy signal on the 1D
RSI at overbought (bullish) levels
EMA200 acting as resistance for now
Tight SL as always, lot of room to grow from here
Targets 150/160k sats
#NEO