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NEO / TetherUS

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NEOUSDT trade ideas

NEOUSDT still bearishNEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this. As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline. We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020. It also likely that we will see price lower than this if the bear market continues. Any bounce probably will be a short lifted and the price eventually will go down. On the chart you can see 2 possible scenarios how the price would drop towards $4. Good luck
Short
by vf_investment
2
NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEO is still moving into a ranged zone within $6.8 - $6.0; Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5. Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it... I'll trail my stop-loss once it reaches the Target1. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
NEOUSDT ABCDThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. Likes and comments if you have questions! 🍌 Thanks!
by UnknownUnicorn38199698