NEOUSD.P trade ideas
neo break outNeo just broke out of its down trend since September, last night we bought in at 17$ , we have a bullish cross on the ATR trend trader , lets see where this ends up ,
DPO looks good and so dose everything else
neo to $50?** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
NEO looks very attractive on the USD chart !!! As I said in my previous post, NEO has lost about 97% agains Bitcoin.
On the USD it has already bottomed at 3.99 on the March 2020 panic low.
It seems to be forming a beautiful Cup & Handle pattern on the USD price chart.
Also it is completing the same Cup & Handle chart on the RSI.
To me that looks very promising !
As I already said: I am a buyer !
NEOUSD 1/6/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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It's up you what strategy you would do on this coin.
I think this coin has a potential to move up.
Since most of the ALTs has rally this week.
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Technical Analysis
All Explanation is on the chart itself
1W
1D
4HR
1HR
Targets
Wave 3 - 1.618 = $ 47.64
Wave 4 - 0.382 = $ 34.02
Wave 5 - 2.618 = $ 69.53
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
NEOThe Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
neousdshort time trading:
this is a contracting triangle pattern.
we are now in wave (e). the last wave, appears to be of the running flat type.
in this case, after completing the E wave and breaking the $ 22 resistance, the price will start its main move towards the $ 80_90 target (until January 2021).
SL = 10 $
target = $ 80 - 90
good luck
NEO another highly prosperous Crypto?!70 M Coins out of 100 M are being traded. With a MC of 1 B USD, almost half is being transacted on a daily basis. It won't take a long time - most probably not more than 3 months to gain 300% from NEO.
Keep in mind that 17 Jan 17 the crypto was only 0.08 USD with an all-time high of 187.41 USD (2337.5 X!!!!...). Now let's suppose that npt more than the 2 years coming, NEO could meet it's previous peak - meaning another highly potential growth as it's long-run T (1335% - 13.35 X).
The market may seem too risky accounting more than -98% sharp drop for almost all of Cryptos. But we have to reconsider that for the time being only 100 M people are actively engaged in exchanging such properties/equities/securities. The question is : Just how many more people based on "Word Of Mouth", WOM, or rumor may evaluate such a market as not only a prosperous investment for their future, but also as means giving them liberty of buying/selling in a blink of an eye?!
Technically, on a monthly timeframe the spring is well pressed and BBs are proving such claim. The total number of available tokens does not seem to be too high compared to XRP, EOS and some others. Limitation in quantity can really be a very reasonable stimuli to cause price growth.
All in all, I can see no actual obstacles at moment to not to say that NEO can be a tremendous treat. Sincerely wish you guys best of your life and career.
Not a financial advice. "Ideas worth spreading" (from TED).
NEO/USD Multi-Timeframe analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
