NEOUSD Buy every MA50 1D contact.NEOUSD crossed above Fibonacci 0.236 of the former Bear Cycle with ease today.
Tomorrow it will form a Golden Cross 1D, the first since June 6th 2020.
Until April every contact with the MA50 1D is a buy. Then every contact with the MA200 1D will be a buy.
Trading Plan:
1. Buy the rally on the spot.
2. Buy the next MA50 1D pullback.
Targets:
1. 19.5000 (under Fibonacci 0.382).
2. 28.0000 (under Fibonacci 0.5).
Tips:
1. Every Fibonacci level is a potential Target as they formed Resistance and Support levels during the Bear Cycle.
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NEOUSD.P trade ideas
NEUUSD: mean reverting trade?A bearish trend is applicable.
The ideal short entry is as close to 8.70 as possible.
Increase exposure for a break below 8.20.
Profit target is set at 7.15.
The stop-loss is set at 9.50.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood for a mean reversion trade.
Longterm target Idea NEO/USDNeo made a high end 2017 beginning 2018 but failed to make a new High during the bullmarket in 2021. Because of that we can draw in a very nice and big bull pennant. This pennant is allready 4 years old which is a very bullish sign when we break out to the upside of the Triangle.
Second we can see a 1st Leg in Elltiot wave theory and a nice Leg 2 down which ended in March 2020. we are currently in big leg 3 and within that leg 3 we have again 5 subwaves. In the subwave we start probably with Wave 3 which can't be the shortest in this theory.
In combination with Elliot wave and the calculation with the bullpennant Neo has a massive upside potential for the next 2 years.
1st resistance at $14 (around 90%move)
2nd resistance at $ 29 (around 350%move)
3th resistance at $53.96 (around 730% move)
big wave 1 was 147480% which means 1474x your money
big wave 3 could give a 86000% move which means 860x your money but wave 3 can't be the shortest so it could be even more!
NEO gonna be cheap too?
Of course its in a flag like the other coins.
And like other dinosaur coins, NEO has kind of the same chart pattern. After bouncing off 0.5 in 2020, suppose 0.5 will not hold on the next test and at least test major 0.618 @ $1.51 (perfect confluence with 1.272 intermediate)
Break down the flag aka lose intermediate 0.886 and its gonna get super ugly aka cheap!
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.
Catching the BOTTOM for altcoins? NO!If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be.
Catching the absolute bottom is very hard and not many persons can do it.
Most likely you will have to wait many months until you will be at the break even or you will make profit.
Altcoins after dropping 90 % from the all time high can still drop another 90 %!
In this analysis, we are going to have a look at BITCOIN CASH and NEO that were top movers in 2017 bull market and Solana which was a top gainer in 2021 bull market.
Bitcoin cash:
- If investors were trying to catch the bottom when BCH dropped 77 % from its ATH, they were down 92 % when BCH found its real bottom.
- It took 48 months until investors were at the break even
- The price never reached ATH from 2017 again.
As we can see, NEO which was another top mover in 2017 didn´t reach its previous ath in 2021 bull market:
More examples? XRP, XLM, DASH, IOTA
SOLANA (just an example. We have nothing against the project or its team):
Do you think that Solana will be different? Maybe? Ok. It did very well in 2021 and most likely, it won´t do super good in the next bull market in 2023 or 2024! Why? Because there will be many new coins with a new hype and without bag holders.
Conclusion:
- Dollar cost average into Bitcoin instead of your favourite altcoins.
If you want to DCA into altcoins, don´t throw all your money in as your favourite altcoins can drop always another 90 % and nobody knows how much they will recover!
- Waiting for new coins without bag holders may be not bad idea
- Bitcoins is a safe bet!
- Altcoins = high risk
Feel free to share your opinion in the comment section!
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.
Short ScenarioIn the event of a Black Swan unfolding on Antshares, this would be where I suspect profitable short positions would begin covering.
S1: 1.6
S2: 1.3
NEO/USD Weekly Diamond [Interesting spot]Weekly Diamond, Possible price action measured with rectangles.
TTM Squeeze on the weekly and curling to the upside
General structure '"Bottomed Out"
idk about yall but... looks like a good long opportunity idk what else to say. Because if you have not noticed there are weekly diamonds like this all over the majority of top and second tier cryptos right now. like if you break the level above, hit 17$ and.. you make 100% basically (double) whatever you invested like damn, didn't know NEO was spicy like that...
I'm long just on looking at this idk...
NEO's 2nd booster get's litJust a quick update because its the same pattern as with many other coins
We have formed some ugly wave 1 diagonal and now possibly retraced in three waves down to 0.886 levels
We hold here and no new low ($7.79): its gonna take off
Hold my beer pls
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No financial advice, do your own research, don't be stupid
NEO - Important Trend Line ReachedNEO has reached an important uptrend that confirms the bear trend has reached an end
This can be concluded due to its previous bull rejections in the past along this green line
A large falling wedge formation can be also observed which adds emphasis to the bullish state
NEO IGNITION SEQUENCE STARTEDWE ARE FINALLY THERE!
NEO has fully completed the last part of the 5-3-5 corrective pattern (), sweeping the lows below the triangle and ending this big a$$ formation with an ending diagonal for accumulation.
While holding the past low around 7.70$ we are good to expect a nice wave 1 pump over the next couple of days and weeks.
Be sure to have fomo kick in once clearing the previous HH around 13.50$ // when leaving the yellow trend channel to the upside for acceleration
Targets much higher.
Hold my beer pls
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No financial advice, do your own research, don't be stupid