NEOUSD.P trade ideas
NEOUSD are we in a huge Adam & EVE bottoming patternThis is not confirmed until we breakout.
There is also a golden cross between the 50ma and 200ma on the daily, this should give us some momentum to break out of these two patterns.
It is plausible that NEO is forming a huge adam & Eve bottom pattern. This is not confirmed yet this is an Idea, but if we break roughly $19.20 things could get interesting.
We are also in a smaller Cup & handle pattern within this pattern, so this will likely let us know if the larger pattern is in play. I would say above $13.20 would put us in a breakout of the smaller Cup & handle Yellow lines are the extrapolated targets.
NEO 32-70-100Let`s Consider the immediate Targets on NEOUSD:
Price:12.5
1st Terget - 32 (160%)
- (On ATR - Yellow Arrow=6.52*4=26.08 Distance)
2nd Target - 70 (480%)
- (On ATR - Yellow Arrow=6.52*10=65.2 Distance)
- (And Fibo 48.7%)
3rd Target - 100 (690%)
- (Fibo 127.2% from local; and 38.2% from global)
ATR Settings I`ll taked is 326 (Day`s from High to Low)
NEOUSD Technical Bullish ChartNEOUSD Now Current Price is $11.66.
Chart say.?
According To Technical Analysis Chart NEOUSD looking very Bullish.
now $13.31 strong Resistance at this Time.
And $10.40 Also Good Support.
in Daily Time frame also Golden crossed happened.
we can enter At every Dip.
Support 1: $10.40
Support 2: $8.56
Support 3: $6.73
Resistance 1: $21
Resistance 2: $31.18
Resistance 3: $43.32
Resistance = Targets
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Neo Golden Cross and big rally incoming?NEO above 200MA and very close to making a golden cross again.
Last time this happened was in Apr 2019 and price went from $10 to $24
Also, last time was a bit of a dud signal, but after another year of consolidation, this new golden cross should kick off a much bigger bull market
#notfinancialadvice
Neo to gain over 30% in FebruaryBITFINEX:NEOUSD
Nice setup for $NEOUSD in February
Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down.
The support build-up sits at EMA-50 and EMA-200.
Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets.
Target #1
The first target is the local top from January the 18th at $12.20. This will pose a potential return of 22% with a healthy 4.5:1 RR.
Target #2
The second target is the resistance level established at $13.5 from October 28th which was again re-tested in November 13th. Potential return is 34% with 7:1 RR.
Cup and Handle?It's a nice rounded bottom, we'll have to see how it pans out. Not entirely confident though, the price has already retested the Ichimoku cloud after breaking out.
NEOUSD long. TP 13.53 usd.NEOUSD long. TP 13.53 usd. I suppose we see fractal copying. The red narrow square in the analysis is the "spike area". The narrow green blue rectangle indicates the fractal shift. The right side arrow shows the direction of the shift. I see the exchange rate correcting, so I'm waiting for a north turn. The target price for the next wave sequence is 13.53 usd.