$NEO Ascending triangle reaching to the edge against resistance $NEO Ascending triangle reaching to the edge against resistance at ~167k sats
UCTS Buy signal on the daily chart
Volume slowly growing..
nice trendline hodling the movement and producing HLs
Breaking above resistance could unleash some movements for #NEO, stay alert
#NEO
NEOBTC trade ideas
NEO – bullish pattern – 35% quick gain possible.Hi Guys!
We are sure many of you heard about NEO.
It made 350X gain in 2017 .
Will it repeat its success?
Well, maybe it won’t be as much spectacular as it was two years ago but…
Let’s take a look at the chart and indicators.
• The current price level is one of the lowest ever. This is the accumulation time .
• Ichimoku Cloud - The new bullish bar starts above the TenkanSen(red)
and KijunSen(blue) and the bottom of the cloud. GOOD.
• Weis Waves – The supply is falling down since the beginning of May.
Nice amount of demand has shown up.
• Bullish ascending triangle observed – our minimum target is 0.002300
• Further target possible – 0.002740
So this should give us a quick 35% profit according to the bullish ascending triangle theory .
Wait till this triangle is broken up .
What do you think?
Are you on board?
Thank you for reading.
Hit a like to support.
MASSIVE Hugs!
WBM Team
NEO is preparing for somethingNEO/BTC is forming an ascending triangle .
NEO many times bounced off of the rising support of the triangle, constantly creating higher lows .
The ceiling was tested many times, so next time 0.00163 expected to fail.
Targets for a breakout to the upside on the chart
Breaking down invalidates the pattern. Always practice risk management.
Fundamentally NEO prepares for something big. NEO has so little attention today with this new coins, but accumulation we've seen on NEO looks impressive. NEO 3.0 coming next year can potentially be a game changer.
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The information given is never financial advice. Always do your own research.
Long on neoNeo is struggling to get into an uptrend, and probably put in a bottom here. Buying the reclaim of daily 21ema, expecting it to flow towards 235500 sats over time. This is a high market cap shitcoin so it will take some time to move, I think there are definitelly faster movers like chainlink or matic, but they do carry more inherent risk than tried and tested Neo.
NEO/BTC is developing Rising Wedge PatternNEO/BTC - 1D
Reasons:
1/ Price is forming a Rising Wedge Pattern
2/ 10DMA is above 20DMA
3/ 10DMA & 20 DMA are about to cross up 50DMA
=> Bullish short term
Target:
0.0017BTC (10% profit) at previous support/resistant
Stop Loss: 0.00146
NOTE: Rising Wedge Pattern: 31% Break up. 69% Break down (continue)
NEOBTC: 1 Hour Time frame Chart PatternsConclusion for today's NEOBTC analysis: Price closing above ~0.001665 implies more bullish upside in NEOBTC
Intraday timeframe analysis of NEOBTC is presented using a candlestick chart. April 05, 2019 to May 14, 2019 saw NEOBTC remain inside of a bearish channel that is shown on the chart with a breakout following a day after.
The bullish implication of the breakout is currently still active even though a sideways movement has resulted. The upper and lower boundary of the ranging environment for price that has lasted over 3 weeks is also drawn with NEOBTC currently trading in the middle of the range.
The best course of action is therefore to wait for further price development to ensure the continuation of the May 15, 2019 bullish breakout.
Buying above the upper boundary of the range i.e. 0.001665 can be considered as part of a conservative strategy or even buying above the May 30, 2019 price high of 0.001713.
Initiation of long (buy) orders prior to breakout is hence considered less conservative. This is due to the fact that it is not yet certain that the ranging movement is complete and prices having a chance to even head lower to test support between 0.001412 and 0.001356.