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NEOBTC trade ideas

NEO - 9 days onIn the last update we saw NEO finally had a change in trend direction, from what seemed the longest time, with a Higher High and Higher Low. It then broke down a little from the blue line before exploding though to make a new Higher High at 0.001647btc for a total of a 16% rise. Then a typical retrace of 0.5 on the fib, to then re-test the last higher high. It got up there but didn't have the strength to break past, lowering volume and rsi. Making a double top with a predictable fall. Where are we now? We are sitting in-between a support and resistance zone but also hidden is we are sitting on the 0.618 fibs. Although at first glance it looks like we are going back to re-test support, there is also the possibility that we bounce up from here. At this moment it probably best to wait for a confirmation to make a decision, however if you do make a trade make sure to set those stops to keep your risk low. As like everyone else on this site, these are just ideas based on what we see. If you have any thoughts or ideas please share below.
by System791
NEO/BTCTwice I've called alt season and twice I've failed. Third time's the charm? Alt charts should be making their way to the disbelief stage vs USD very soon, now that BTC has had its steep "sucker's rally". I've seen the alt market act like this before, in December of 2017. It appears the algorithms are using the same technique to hunt. Push down until there's no sellers left, then retest. Short term Adam & Eve. Will the alt boom be as meteoric as December 2017? Before, I was under the impression it would be a slow, tangent rise to the disbelief stage, but then we saw what BTC just did, so I looked back at the dot com bubble. Same players, similar game. Amazon, for example, took 40% of the time it took for its depression phase, to get to the top of the disbelief phase. How does that look for alts? ~200 days of depression phase = ~80 days of uptrend to the top of the "sucker's rally". Alts that are going to survive should be able to go to 35%-65% of their peaks of the bubble, in this phase. NEO, for example, peaked at $200, so it should be able to make it somewhere in the range of $70-$130 within this 3 month period. While BTC falls value, into disbelief, this should show a 6-12x rally, relative to BTC.
Long
by ovvnyou
NEO Bullish Ascending Triangle, Getting Closer To Breakout!NEO (NEOBTC) has a chart that is basically identical to Skycoin (SKYBTC), which we shared recently. You can see Skycoin here: For NEOBTC it can take longer though, as this one is yet to break above EMA50... Let's take a look at the signals: Trading above EMA10. Bullish breakout after retrace. Volume increasing in favor of the bulls. The MACD needs work but is trending up. The RSI is really strong. Overall we have the same chart as SKYBTC but a bit weaker. We can expect NEOBTC to make a strong move within 2-3 weeks max. Conditions for change: If NEOBTC closes below 0.00139, the triangle pattern is gone. If NEOBTC goes below 0.00127 our view changes from bullish to bearish and a new analysis is needed. Anything above the 13-May low and we remain bullish long term. This is not financial advice. Thanks a lot for reading. Namaste.
by MasterAnanda
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