NEOUSDT trade ideas
NEOUSDT Long PositionDescending triangle Pattern Formation are a bearish/Bullish formation that anticipates a downside/upside breakout. If breaks Above line then it will be reach to 130-136 and if breaks the base support ine then take a short position. Wait for breakout.
TP 136
SL 90
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NEOUSDTNow that most alt coins are recovering, we can open long positions on some of them.
NEO right here looks good for opening a long position. just wait for the confirmation, it has to close a 4H candle above the resistance area and then you're good to go. I've shown the TP areas on the chart and you can also see the support areas.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
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NEO breakoutBy the looks of it NEO seems to be squeezing into a descending triangle which = bullish movement after breakout. It's really close to it and I would suggest waiting for candlestick confirmation on the breakout before loading up.
NEOUSDT Local S/R| Price Action| Trend| Swing High Evening Traders,
Today’s analysis – NEOUSDT – trading above its Local S/R with technical confluence, further upside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators Neutral
NEOUSDT’s immediate price action is resting on support that has technical confluence with the .382 Fibonacci and the VWAP S/R/ Local S/R, allowing for a bullish bias.
The current objective is the swing high; exceeding this level increases the probability of a trend continuation.
Both oscillators are currently neutral, remaining in the bullish control zones is indicative of strength.
Overall, in my opinion, NEOUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
NEO-USDT(Descending Channel Formation)Neo's idea of the smart economy is the convergence of three concepts- digital assets, digital identity and smart contracts, it presents itself as the developer-friendly protocol with a vision of being the digitized "smart" economy in the future.
In the 1 Hour Time Frame, Neo has been trading in a Descending Channel formation . Currently, it is flirting with the trendline resistance which is placed at $114.50 and if we get a decisive closing above this level, it can move to its ATH levels.
Key Levels to watch out for-
The support to the lower side is present at ~$99 while it may face resistance at the levels of ~$133 .
NEOUSDTrepeat wedge history on neo. Month ago wedge and up to 130, not again wedge and target for this is 150.
If then want it repeat again, then from 150 can go again down and again up (but we can be still inside channel. NEOUSDT slowly up
Trading idea for NEOUSDTNEO has potential for the future. It may go for another ATH in the long term, or at least it may go up to its previous resistance levels and give decent profit even from current resistance levels.
NEO.USDT (Y21.P2.E2).Broadening WedgeHI Traders,
The macro formation looks like a broadening wedge on one hand that has potentially one more impulse cycle (blue)
or the 2nd scenario where its done its high and is looking for the breakdown (red).
The RSI seems to suggest that we have the blue as the possible cycle.
For now, we need to see it break this descending channel to the upside so the breakout line is clear as an entry.
Note, I made an assumption that Neo will hit the bottom of the trendline and hence I measured the fib extension from that point
If it fails to break that channel, then its likely it will then go to the root of that structure.
All the best,
S.SAri
Macro overview
s3.tradingview.com
NEO-USDT to hit ATH and complete parabolaHello traders and investors 🖐🖐 !
Let me just say WOW, take a look at NEO go🏁🆙⏫!
I suspect NEO will fall to our approximate fib retracement, and then continue on it's climb up to hit it's ATH of 141 which we saw back in 2018.
As everyone says it is ALT coin time to shine! NEO-USDT was the first Decentralized blockchain that China made known publicly back in 2014. NEO is very secure and innovative.
Back in 2018🕚 when NEO reached it's first ATH there were roughly 1billion 💲 24hr circulating volume, today we are looking at almost 8billion 24 hour circulating volume♻.. What a jump🏃♀️🏃♂️! I have no doubt that NEO, will kiss👄 it's previous ATH price of 💲$141, and quite possibly continue on it's run⏫😁 to make a new ATH🤩. Stay tuned.
🛑🛑🛑THIS IS NOT FINANCIAL ADVICE🛑🛑🛑
Always keep a stop loss🤚🛑💲, keep a close eye 👀 on BTC for sudden bearish movement that would be very dangerous⚠⚠⚠ and trade at your own risk!!!!
Thank you so much!!!😁💹🤪
Any thoughts 🤔💭, questions🙋♀️🙋♂️❓, good👍, bad👎, happy😃, sad😥, always welcome in the comments below⏬!
Jazerbay💗
Strong bullish NEOThis chart has been created for education & entertainment and this is not a trading advice
