NEOUSD.P trade ideas
Recurring Pre-emptive Moonshot StructureThis structure is all over the place LTC, LINK, Bitcoin Cash and these two, Status (SNT) and NEO
I am assuming it is a pre-emptive bull moonshot structure, so all these coins can moon at the same time
Observational post
Links into one of my previous posts below
NEO/USD - If the coin has a value target is 200+NEO has been amazing where technicals have played a big role in the investment. I have been holding this coin for a long now. It went up, then down, then consolidated. I'm quite comfortable with it as I want to SELL ONLY ONCE (SOO).
A simple trend is a crash, consolidation, then rise. Now it is retesting the past consolidation high. If this continues to hold and buyers expect this a value, we should see a good accumulation between 25-50. Thereafter FOMO.
I have been trading this from as low as $10 and the last holdings are avg around $17.
NEOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
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NEO gains tremendous value at $12.33NEO price is bullish today.
Strongest support is present at $9.76.
Strongest resistance is present at $19.40.
NEO price analysis has revealed the cryptocurrency market to maintain bullish momentum with strong conservation possibilities as the price moves steadily upwards. For example, the NEO/USD price recently spiked to a huge incline on May 22, 2022, and The price went from $10 to $10.90 in no time. The next day the price moved further upwards to $12 and is continuing an upward movement on May 23, 2022.
NEO has been up 17.75% in the last 24-hours with a trading volume of $188,611,337. Neo currently ranks at #65, with a live market cap of $878,522,563.
Neo - prepare for a breakout of the resistance level 13.70I look forward to Long for this cryptocurrency, despite the market dump in March! Good luck to all!
NEO/USD: Update tradeI'm in this trade from $16.28 USD approx and during the past days, we see a crash in the price and right now, the price it's around $9.41 USD. So, I put a break even at $15.60 USD and target to $6.70 USD in this trade.
So guys, we're in profit.
Remember, during this crash, save or accumulate cash and then, buy asset and save asset or accumulate it when pass the bear market. Because I have planned to buy XRP to accumulate more.
NEO/USD: Overview!!!As I'm in this trade, NEO continue to the downside and I see a more sell-off that the price could to reach $6.50 USD
This it's the weekly timeframe and we see a sell-off and I thinking that NEO could to reach their minimum historical maximum around of $6 dollar approx.
That it's what I think!!!
I hope that this analysis support you!!!
NEO/USD: short positionAs we see in the technical analysis. We see a possible continue of the downtrend in NEO. Also, I'm very specific that NEO could to reach maybe to $12.50 USD
Trade Info:
1) Position: short
2) Entry Price: $16.37 USD
3) Stop Loss: $17.76 USD
4) Target Profit: $12.50 USD
5) Risk/Benefit: 1:3
This it's the Daily market structure and still bearish!!!
Good luck in this trade in cryptocurrency!!!
NEO READY FOR LAUNCHFinally we're there!
With todays tiny new low NEO has confirmed with 5th wave of the 3rd corective leg. Wether you count it 3-3-5 or 5-3-5, important is the finish with 5 waves right at this point after retracing 88.6% in price from the last top!
This is NEO's launchpad in this area. Stay tuned for a wild n heavy take off!
Hold my beer pls
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No financial advice, do your own research, don't be stupid