Neo possible targets?In the middle of 3 wave being completed. not exact target or time but you can count elliotwaves inside the impulse sets.
NNNEOUSD Futures Contract (Perpetual)
5.991USDR
−0.094−1.54%
As of today at 07:09 GMT
USD
No trades
NEOUSD.P trade ideas
Neo: Superb textbook case of a bubble asset bottomingSupport on the daily 50 Smma, instantly blocked by the daily 200 Smma
Perfect textbook case, from 200$ to 5$
One more leg to the upside? [Very short-term analysis]Look like NEO is forming ascending triangle on the 30 minutes chart and it's usually bullish in upwards trending markets. The volume is declining, that means probably a breakout is coming. The target calculated by taking the height of the triangle, at its thickest point, and adding that to the breakout point. So the target is 21$. This target meets with previous resistance from the past.
If it's breaking to the downside I'm watching 16.50$-16.90$ area for weak support, it lines up almost with 0.618 Fibonacci level (16.50$).
Bullish NEO, ascending price channel broken upwardsNEOUSD has strong fundamentals behind it as a top coin with very good applications and a strong user base.
From December 2018 to May 2019 it moved in an ascending price channel, only briefly surpassed during a BTCUSD pump in the first days of April 2019.
This uptrend finally put the Ichimoku cloud into a bullish position, showing signs that the previous downtrend was finally over, during the first weeks of February 2019.
Now, this price channel has been broken through, and new support will probably form around the previous resistance, as confirmation of this we have a bullish crossover at the MACD and a Bullish MACD in the weekly charts.
Another confirmation is the strength of the bounce at the lead 2 line of the Ichimoku cloud during the first days of June signaling the strength of the uptrend.
While the rest top market cap cryptos have been showing good gains, NEO has lagged behind, but a coming bull run seems to be forming for NEO.
I have already allocated several of my funds into NEO and I'm expecting a price surge that would put neo around $18 to $20 in the coming days.
An additional 40% increase in NEOUSD... According to my previous analysis, the exchange rate is moving. I have no reason to change. But what I see is a target price. The exchange rate passed through the 16.99 usd, which was the primary target price. Therefore, I am now looking forward to a further rise from this level, which can now be present as a correction level. Target price 24,03USD.
Cup & Handle + Ascending Triangle? Explosive cocktail!In line with the background movement on Bitcoin,
NEO seems to enjoy a bullish breakout on 2 patterns:
a cup & handle + an ascending triangle in the handle!
Trade Long: opening - target - stop loss shown on the graph.
DISCLAIMER: This is not an investment advice.
Do not blindly listen to any "guru".
Invest only what you can afford to lose.
Neo is going where?Hello guys this is NEo daily chart.
So this resistant area is really strong and as you can see neo tried 5 times to break the resistant but they just failed. now and today is neo's 6th time to test itself.
The important thing is NOT breaking the resistant and goes higher, rather it is close above resistant and the next candle opens up above it and closes up above it.
If movment be strong it goes up to 15.70 but if movment be really strong it goes up to 19$.
Thanks SAJJAD.
Un bénéfice allant jusqu’à 100%Analyse technique journalière
La monnaie atteint sa forte résistance située entre 13.60 et 14.20 et tente de la dépasser hier et aujourd’hui.
Cette résistance a été testé à plusieurs reprises exemple: 16/05/2019 et le mois d’avril 2019.
Sachant que cette résistance a joué le rôle d’un fort support le 14 août 2018 et le 31 octobre 2018 avant de le casser le 15 novembre 2018.
Actuellement, le cours de NEO se trouve au-dessus de ses deux moyennes mobiles de période 20 et 50 et tend vers le haut.
La cassure de cette zone de résistance laissera le NEO s’envoler vers 24.50 USD comme 1er objectif sur le court-terme voir 25.20 USD en extension.
