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NEO / TetherUS PERPETUAL CONTRACT

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NEOUSDT.P trade ideas

NEO breakoutAfter breaking out of its long descending channel, NEO broke out and consolidated sideways. Now, NEO broke out of its sideways consolidation and also broke back above 100 (which is a psychological resistance level). My targets are 110, 121 and then ATH at 134. After that, according to the Fibonacci retracement, we could see a move to 171 and 232, which are reachable targets in my opinion. For this reason I am very bullish on NEO. The nearest support level is at 94, and a break below it would be pretty bearish. Any questions? Good luck traders, Remember to protect what you have and not break your rules Habib
Long
by Habib0601
5
NEO/USDT Update: Fibonacci levels turn into spportNEO had a lovely 5x move before we now have seen a bigger pullback. Drawing the Fibonacci retracement levels we even see that the 0.618 level did act as support twice already. NEO also used the 0.5 level as new support to follow currently the violet upwards trendline. If we get some more volume we expect to see further upwards movement. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2