NEOUSDT trade ideas
๐๐ NEO Trade Plan! ๐๐๐ Analysis:
Bullish Momentum: NEO has exhibited bullish momentum over recent weeks, currently resting at a support level.
Long Opportunity: Given its bullish trend and support bounce, NEO presents an opportunity for a long trade.
Entry Point: Consider entering the trade at the current support level, ranging from $17.85 to $18.50.
Profit Targets: Target potential profit zones at $20.00 to $20.80 or $22.50 to $23.25 based on resistance levels.
Risk Management: Mitigate risk by setting a stop-loss order just below $17.50 to manage potential downside risk.
๐ Trading Strategy:
Entry: Initiate a long position as NEO finds support within the specified range.
Targets: Aim to take profits at predetermined resistance levels of $20.00 to $20.80 or $22.50 to $23.25.
Risk Control: Implement a stop-loss strategy to safeguard against adverse price movements and limit potential losses.
๐จ Note: Stay attentive to price action and ensure effective risk management throughout the trade! #NEO #TradingPlan #CryptoAnalysis ๐๐
NEOUSD: Breaking Above the 0.886 within a Massive Double BottomNEO has formed a massive Double Bottom structure that has been in development since late 2018 and now nearly 6 years later is attempting to NEO has once again claimed the 21-Month SMA as support and aims to break back above the 0.886 Fibonacci Retrace. If it is successful in this we could see this be the start of a massive move to the upside, capable of taking it all the way up to as high as $140 a maybe even higher after that, though there may be a bit of resistance up at $56 level first as that aligns with the 0.618 and historical horizontal resistance.
LONG #NEOUSDTLONG #NEOUSDT from $20.301
30m TF. The NEO asset demonstrated local compression, where the price lows gradually increased, forming a bullish structure. This usually indicates the presence of active participants in the coin. There are distinct resistance levels, which were checked several times when participants opened positions from them and accumulated a pool of liquidity. I observe movement along these levels with an increase in volumes and activity in the order book, followed by a breakdown
LONG #NEOUSDT from $23.446 30m TF. The coin is moving in a local uptrend, pushing the price along an inclined line, which indicates the presence of active buyers buying off strong drawdowns. The compression is moving towards two clear levels of resistance, behind which unrealized liquidity has accumulated.
I will be waiting for a smooth approach to the levels, the formation of consolidation and an upward movement on the activity in the glass.
โด๏ธ Neo Long-Term Bullish Confirmed! $366 All-Time HighNEOUSDT is already above EMA200 and EMA100 on the weekly timeframe. Only MA200 ($21.5) remains as final resistance.
Even with this last barrier in place, NEOUSDT already went through a "bottom pattern" and has been growing since December 2022 โa year and two months.
๐ Mid-term we are aiming for $44.444 and $92... Higher long-term for sure.
Back in 2020-2021, Neo's bull-market produced a total of 3,513% from bottom to top.
This time around we can be looking at 1,900% potential, which is pretty good.
Namaste.
NEO Price Rockets Toward $20 Milestone Amid Altcoin SurgeThe cryptocurrency market is witnessing a seismic shift as altcoins surge, with SET:NEO leading the charge with a remarkable 40% overnight surge, propelling its price toward the coveted $20 mark. This surge comes on the heels of a pre-halving rally, igniting speculation of a potential year-long bull run.
SET:NEO , currently ranked 77th in the crypto market with a market cap approaching $1.50 billion, has emerged as a top performer amid this altcoin resurgence. The surge in demand has resulted in an impressive bullish engulfing candle on the daily chart, signaling a potential moonshot trajectory.
One of the most striking aspects of SET:NEO 's rally is the staggering increase in trading volumes, up by over 4000%, underscoring the growing investor interest and making SET:NEO a trending coin in the crypto sphere. Additionally, the breakout above the overhead resistance trendline has propelled NEO's price beyond the psychological barrier of $20, reaching a peak of $22.45 before undergoing a minor intraday pullback to $20.89.
Technical Analysis and Future Projections:
The rally is strongly supported by the 50-day Exponential Moving Average (MA), maintaining a bullish alignment with the 200-day MA, indicating a favorable position for a sustained uptrend.
Looking ahead, sustaining the price above $20 is crucial for NEO's continued upward trajectory. According to trend-based Fibonacci levels, a breakout above $22 could signal further upside potential, potentially catapulting SET:NEO 's price toward the $30 mark in the near term.
However, amidst the euphoria, caution is warranted as NEO approaches overbought territory, as indicated by extreme volatility around the token on the Bollinger Bands. A retracement to around $17.87 cannot be ruled out in a highly bearish scenario. Nonetheless, indications from the Awesome Oscillator suggest increasing upward momentum for SET:NEO , potentially defying bearish bias and aiming for $25 in the short term.
As the altcoin market continues to heat up, all eyes are on SET:NEO as it aims to solidify its position and potentially usher in a new era of bullish momentum. Investors eagerly await further developments as SET:NEO navigates the volatile cryptocurrency landscape.
Conclusion:
With SET:NEO leading the altcoin charge and eyeing the $20 milestone, the cryptocurrency market is witnessing a resurgence fueled by growing investor optimism and bullish momentum. As NEO's journey unfolds, it remains to be seen whether it can sustain its meteoric rise and pave the way for further gains in the days to come.
Neo price recalled that they can not only fall but also grow?)Who knows what happened to the SET:NEO project, that the "Chinese Ethereum killer" woke up from hibernation and made a sharp 30% price increase?)
Maybe it will also wake up its "partner in crime" - NYSE:EOS ?)
But seriously, if #NEOUSDT buyers have the strength and intention to continue growing, then in the coming days they should defend $19-20 and not allow the price to fall below.
In this case, the targets for the #NEOUSD price to rise to $29 or even $36 in the medium term will become more than realistic.
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NEO is still bullishFrom where we entered "start" on the chart, a time-consuming triangle has started, and from where we placed a green arrow on the chart, this triangle has ended and we have entered a bullish wave.
This bullish wave is either an ABC or a more complex pattern.
We should now be in the middle of wave B.
By maintaining the green range, it can move towards TP.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NEO FOR FUNDING TRADERS For all funding traders who deal with this business, mostly the broker gives you some of the cryptocurrencies to trade. Neo is one of them.
I see some liquidity between 14-15 and at the same time a vector candlestick that appears and it fills up until 12.18. Wait for the market makers to do what they have to do and come back at low prices, maybe a little higher, maybe a little lower. Another scenario that can happen is a breakthrough from a double bottom that has been in place for more than a year. Targets can be POC range 08 December 2021 - 01 May 2022, VAH and at the same time the maximum target of pattern 29.37.
NEOUSDT 1W LONG๐Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. Iโm considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
NEO - BUY SETUP (NOV 2023)NEO - BUY SETUP (NOV 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. The price action and key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
NEO/USDT planning for bullish reversal? ๐๐NEO analysis๐ Paradisers, the #NEOUSDT is currently displaying notable strength, hinting at a potential bullish reversal from its demand level at $14.79. If the price sustains its momentum at this level, there is a significant likelihood of a bullish upswing that could surpass the nearby supply.
๐ Reflecting on historical patterns, #NEO has consistently followed a downward trend, frequently encountering resistance around $17.01. Our analysis suggests that the price may revisit the demand level at $14.79 before embarking on a further bullish trajectory. Interestingly, this level has been respected twice in the past.
๐ In the event that NASDAQ:NEO faces challenges in maintaining its momentum at the $14.79 demand, we anticipate a bullish recovery from the lower demand zone around $13.30. However, a breach below this point could potentially lead to additional declines. Letโs remain vigilant and be prepared to adapt our strategies as needed.
NEO - Heading straight to next targetBINANCE:NEOUSDT (4H CHART) Technical Analysis Update
NEO is currently trading at $11.73 and showing overall positive sentiment
Price broke-out from the resistance easily and we are seeing back to back green candles.
We are expect this trend to continue and see some pullbacks at the resistance around 13.5
Entry level: $ 11.00 - 11.74
Stop loss level: $0.06
Target 1: $ 12.51
Target 2: $ 13.39
Target 3: $ 14.91
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto