NEOUSD.P trade ideas
NEO, Arise!Just a quick look at one of the other alts I've been following. NEO has underperformed a bit - somewhat similar to Litecoin, but it's pushing up against a major historical resistance level. This was the level that was tested on the first dump of the 2018 bear market. A lot of other alts from this period are retesting similar levels (including LTC). The following analysis can be expanded to other altcoins. But NEO is unique in the sense that it just upgraded and has significant funding/development/usage, compared with other projects that may be more highly valued within the market. The GAS token has also risen in price, which I think is bullish for the NEO network.
Here are some of my older NEO posts:
Calling $32-45 a little early
Breaking the bear market downtrend:
And here's an older one, but ended up being a bad call, in the short term.
What's happening with NEO now?
The weekly Moving Averages look extremely bullish, and they haven't even perfectly aligned yet. The 50 and the 100 still need to cross above the 200.
As for the daily, they are bullishly aligned. If the market decides to make a correction, it can retrace to the 100 day MA (yellow) and still remain bullish, as long as it doesn't break below. It's all the way down near $32.
In terms of targets, the next resistance is around $95, followed by all-time high. Let's see if it can get there!
NEO/BTC bounced from a very strong long term demand zone, and is now above the 200 day MA (teal). Because this is a long term higher-low, BTC ratio ATH is not out of the question, as absurd as it sounds.
On the weekly, it's also right up against the 100w MA (yellow) AND the 50w MA (red). If it breaks above these, it could signal the beginning of a big cycle against Bitcoin. On-balance volume has been on a steady incline for a while, showing some accumulation. This tells me there could be some hidden extreme bullishness for NEO.
I'm just posting this to see where this ends up. I'm speculating that many oder alts (like NEO, XRP, and LTC) can begin making some new all-time highs, propelled by a decline in Bitcoin dominance. You can read my recent posts to see why I think this might be the case. Of course, I might be wrong. I don't have any initial risk left on the table, so I feel comfortable waiting to see how this plays out.
This is not financial advice! I'm posting these for personal use and speculative fun.
-Victor Cobra
Neo Possible New ATHI see a clear pullback after new all time high, recovered to top after falling below uptrend. Possible new all time high
NEO bullish ascending triangle forming. Next stop $70.NEO has had an excellent ride on the back of ETH and BTC climbing to all time highs. NEO still has a lot of potential for its price (under $100), and not just because it is a contender to ETH, or because it has some unique tokens built on its infrastructure. This should get to $70 pending the flag break upwards.
NEO ChartA possible bull flag, I have been long on NEO. We might possibly see price discovery this year. I expect it to go at above 300 bucks, and I am very conservative. Let me know your thoughts on NEO.
NEOUSD Target Price 63.62Next Target is 63.62. Trail Stop Loss. Look for price action signal Inside Bar on the lower time frame to enter another position.
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$NEOUSD - Breakout from the triangleHi guys! ๐๐ป
๐ NEO USD made a breakout from the triangle and is following a parallel channel for now.
๐ Neo will eventually close above the upper threshold of the ascending channel and continue upwards, the impulse is great, MACD looks bullish, great support by EMA50 and the N3 of NEO sounds promising.
โ๐ป Good luck with your trades! โ๐ป
If you like the idea hit the ๐๐ป button, follow me for more ideas.
$NEOUSD is still early on a Wave 5 leg up! Let's go!NOT FINANCIAL ADVICE.
In this elliot wave analysis, $NEOUSD looks to be on a Wave 5 underway with a TP of $91.65 highs from its Mar 2020 lows.
With NEO Blockchain 3.0 genesis block around the corner, there is good momentum for this token.
$Neo #NEO - longNeo was founded 2014 and has grown into a first-class smart contract platform. It is backed by a global developer community who continue to drive the blockchain forward. Bullish continuation: Price needs to break overhead resistance in the 57.00 - 57.89 zone. After that there is no major resistance until 76.80. Bullish scenario is invalidated if price falls below 41.32. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
Breakout or Consolidate . (some more)According to the chart NEO is in a channel, couldn't break it's past year highs along with BTC trying to break 60k. My indicators says to me that it may be entering some rough territory, but depending on how BTC moves past or below 60k I believe NEO will respond in the same manner.
even though i've seen NEO diverge from BTC in this recent run a few times, btc always catches up, & vice versa.
if btc fails to break 60k again i think neo will see a short run up past 53 to around 56 come back to consolidate some more then hopefully run with btc breaking 60k. possibly to 80-100 very soon.
not financial advice
NEO to $100 in 2-3Months?Just finished up some analysis on NEO/USD I like to do these little measurements to help me kinda get a better prediction on where price could be heading. Looks like we have a longer build up of accumulation on this run the break out has high volume waiting on the test of this breakout to get a position.
We continue to get higher lows and higher highs within the accumulation zone. With my analysis when I see those higher highs and higher lows in the accumulation zone the breakout seems to be alot stronger in my opinion.
What do you guys think is it possible for a $100 NEO in 2-3 months? I think its possible if we can get some amazing news to back this.
