NEO - RSI shows dump or pump...which way will NEO go?On this weekly chart for NEO, we can see NEO has broken above the thick red resistance line.
NEO is at time of this post is above the EMA100 (purple line) and on it's way to $20.86 where we have some heavy resistance.
If NEO breaks above this yellow resistance line at $20.86 we could see NEO get to $30 in no time.
On the LMACD you can see that since Jan 2019, yes 2019 not 2020, that buying has been happening with not much selling happening as you can see by the blue and red bars on the LMACD. The lime green trendline shows a huge bullish divergence that could catapult NEO to some huge gains. LMACD now above 0 on the weekly chart.
On the other hand, on this daily chart below for NEO we can see a dangerous position NEO is currently in on the daily RSI.
The grey down arrows show when the RSI hit 80 you could short NEO and be in profit every single time. We are now around 80 on the RSI on the daily chart. With all this bullish momentum in the crypto space, is it a wise move to short? Maybe a better move is to long and if it dips, add to the long.
Happy trading legends!
HTBB
NEOUSD.P trade ideas
NEOUSD D2: NICE Accumulation / BEST level to BUY 100%+ gains NEWWhy get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
NEOUSD D2: NICE Accumulation // BEST level to BUY 100%+ gains(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD 2days/candle chart review/outlook
::: 850+ days long accumulation
::: overall strong chart looks good
::: currently more upside 20 USD
::: short-term target is 20 USD
::: 20 USD is heavy resistance
::: accumulation range highs
::: confirmed horizontal resistance
::: expecting pullback after 20 USD
::: get ready to buy later after pullback
::: best reload BULLS (later) is 14/16 USD
::: final TP BULLS is 32 USD
::: recommended strategy: BUY LOW into pullback
::: near 14/16 USD best RELOAD BULLS
::: TP BULLS 1000%+ gains BUY/HOLD
::: SWING TRADE setup do not
::: expect miracle/fast gains here!
::: just buy low and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: PULLBACK/DIPS
NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1 : 1Trade Setup summary:
Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1
Current Status:
Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235
Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
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💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1:1Trade Setup summary:
Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1
Current Status:
Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235
Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEOUSD 4D: Resistance breakout 50% gains.(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
NEOUSD 4D: Resistance breakout 50% gains.(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NEOUSD 4days/candle chart review outlook
::: Speculative bullish setup
::: if resistance breaks 50% gains possible
::: currently chart looks strong
::: retest of highs near 18/19 USD likely
::: 50% gains possible from here
::: strategy: BUY AT MARKET / BUY DIPS
::: TP BULLS 50% gains
::: BUY from my level and get rewarded
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS
Neo USDT Long Term Target. Target is >1k$Building good long position at Binance using their margin x3 option.
NEO/USD: Multiple Levels of AnalysisNEO/USD was requested by my good friend GBU Professor Wally. I apologize I was not quick enough to respond to his Super Chat on Friday afternoon.
I quite like NEO in this area. On the Weekly Timeframe, we are consolidating following a downtrend and now a long period of sideways and volatile ranging. I identify the current formation as a Rectangle Bottom, which I have a high hit rate with in my discretionary trading. Once our weekly resistance level is broken (weekly close above) it will also flip the weekly SuperTrend bullish. I have marked out our measured weekly profit targets.
On the Daily, we are receiving a potential PTP Daily Swing Long Signal. The actual signal would have been generated on yesterday's candle, however we were above the Qualifying Line generated by our Donchian Base Line. Now we have a potential RBB buy in opportunity and price is within our Buy Zone. Good R/R on this setup.
On the hourly, we can see a potential market bottom being signaled. ICYS Bot has generated a buy signal in addition to Vix Fix signaling a high volume potential bottom.
Trade safely and position size wisely, 2% risk is recommended.