NEOUSD.P trade ideas
NEO Continues it's rally?NEO has been doing well and could be breaking out the big resistance level around 14$, next target 20+$
Breaking out of the channel + resistance = MOON :D
Bitcoin could break the party of course ;)
Will NEO Break Out Once And For All? Ahhh here we go. This was one of the most dramatic turnarounds of any coin (aside from IOTA) over the last couple of months. NEO broke down from its uptrend, but was quickly saved by buyers. As I said was likely in my last analysis, it has ventured towards the top of the channel (near $16). However, it must first contend with the major horizontal resistance from its previous run. If the market decides to correct here, NEO can drop all the way towards $10 again and stay bullish. However, altcoins are simultaneously exerting a lot of buy pressure on their resistances. Think of it as a battering ram. Eventually the door will fall. If NEO breaks the horizontal resistance (current price) AND the channel....there's mostly air until the $20-30 range.
What's really crazy is that IF NEO can somehow break back into its previous uptrend (pink line - currently around $27), there isn't much resistance above it at all, and it can attempt to get back towards its All-time-high. Obviously this is just speculation. The market may indeed see a pullback here before it can bulldoze these altcoin resistances. Or it could fail entirely. Anything is possible. This is why this is not financial advice.
Linked below are my previous posts about NEO. I called the breakdown towards the $5-6 area in November before it happened. I also suggested that although NEO ventured to new lows against Bitcoin, it was very possible that it had already bottomed against the U.S. Dollar. I was wrong, however, that it would continue to move up against Bitcoin. That drop was not something I anticipated. Anyway, that's it for now.
-Victor Cobra
NEO $200 by October 2019Just my prediction.. from being around during the 2017 bullrun we know how crazy things can get when the FOMO kicks in.
One of the big players last time was NEO and its likely that if BTC continues with its upward hype journey - NEO will be one of the many alts to join it. It showed it is capable of going from $8 to almost $200 in a matter of months - and with NEO 3.0 coming out - im betting there will be enough development to push it forward again.
Many coins from the last run are dead in the ground now - but solid projects like NEO are still showing strong volumes.
Zoom in to see the micro action - higher lows and higher highs have been presented for this month (May) and volume is coming.
This is (obviously) no means financial or trading advice - just my 'hunch' and how I plan to trade (red areas = closing trade and buying pullbacks) as it were -
Feel free to roast. IDGAF
NEO Price Analysis NEO / USD: Parabolic AscentNEO / USD Short-term price analysis
NEO has a bullish short-term trading outlook, with the cryptocurrency advancing to a fresh 2019 trading high.
The four-hour time frame is showing that a bullish inverted head and shoulders pattern has been created, with the NEO/ USD pair now testing above neckline support.
Technical indicators on the four-hour time frame are bullish and continue to issue a strong buy signal.
Pattern Watch
Traders should note the upside target of the inverted head and shoulders pattern would take the NEO/ USD pair above the 20.00 level.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish, although it is approaching overbought territory.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame and is continuing to generate a buy signal.
Fundamental Analysis
NEO has gained bullish momentum after the announcement of a mainnet upgrade, scheduled for June 3. The update is expected to improve network stability and will not affect ordinary users.
NEO / USD Medium-term price analysis
NEO has a bullish medium-term outlook, with the cryptocurrency continuing to breakout after moving above its trend defining 200-period moving average.
The daily time frame is showing that bulls have now invalidated a head and shoulders pattern and are attempting to keep price above the head of the bearish pattern.
Technical indicators on the daily time frame are still bullish and continue to generate buy signals.
NEO / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the upside target of the invalidated head and shoulders pattern is the September 2018 trading high.
Relative Strength Index
The RSI indicator is bullish on the daily time frame and still shows scope to trade higher.
MACD Indicator
The MACD indicator on the daily time frame is bullish and continues to issue a strong buy signal.
Fundamental Analysis
The project’s medium-term prospects will depend on its ability to drive adoption of the platform. Although NEO is taking steps to improve its technology, it still lags behind its major rivals in the market.
Conclusion
Neo has an increasingly bullish trading outlook across both time frames and appears to be on the cusp of another major bullish breakout.
If bulls can ignite the large bullish pattern on the four-hour time frame, the cryptocurrency could soar towards levels not seen since May of last year.
NEOOOcalled bottom at $5 with daily bear divs, now we have price approaching 200DSMA, looking bullish. hold for a year
NEO MovementLeaning bullish. We're currently consolidating under resistance and the previous supports have already been tested. Volume is shaping up nicely. Not sure how far we'll actually get from the bullflag, but it's definitely going up.
A trading opportunity to buy in NEOUSDTechnical analysis:
. NEO/Dollar 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 14.26790000
TP2= @ 17.63851000
TP3= @ 20.75000000
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
A trading opportunity to buy in NEOUSDTechnical analysis:
. NEO/Dollar 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 14.26790000
TP2= @ 17.63851000
TP3= @ 20.75000000
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
NEOUSD before 30% increase... The exchange went into a rising channel. It is characterized by the axis connecting the rising peaks and the rising ATR axis. Within this, a second wave of a dual waves system can be deployed. If the analysis is correct, another rising wave may develop. The target price is 15.27 usd.
Neo 30 min pitchforkNeo has broken its trend line & now targets the median line in this pitchfork formation.
Break the median line and we can see a push to test recent highs
NEOUSD need to break and close above $13.2 to make a up wavei wrote this chart on Feb 24,2019, ao it's on track for 3 months.
Hopefully, it's will be closed above $13.2 to make a new uptrend wave
NEO - LONG TERM POTENTIALI would like to share my waves count of the NEO. First of all, it is a pretty good coin for a long term with the bright future.
You can see at the chart the possible trajectory of each wave. It's too many steps ahead, so you have to count with that..
The market behaviour it is not always ideal with many factors around, so there could be some deviations on the way up, but the main goal remains the same.
Just timing and do not rush! And remember, to be greedy is your shovel to the grave.
Have a wealthy day!
#NEO BULL WALK "baby cuz I'ma THUG!" #chart says it all if you speak dollars and sense my ninjas! what you really doin GETTIN PAID YOUNG NINJA! #LETCHARTSTALK & #FOMO'walk!
