NEO/USDT-12H-BINANCE(Bullish Shark)This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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NEO / TetherUS PERPETUAL CONTRACT
6.396USDTR
−0.137−2.10%
As of today at 06:42 GMT
USDT
No trades
NEOUSDT.P trade ideas
NEO - oversold & testing multi year supportOn the above 1-day chart price action has corrected 80% since May. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal just printed - look left!
2) A higher low has printed.
3) On the 2-day chart (below) bullish divergences versus price action continue to increase in number. In addition MFI and RSI resistance are running out of space. I can’t time bottoms, but I do practice dollar cost averaging in when I see convergence..
4) On 3-day BTC pair (middle) regular bullish divergences are increasing just as before (purple circles) - look left!
5) Lastly - the big picture - on the weekly dollar chart (bottom) price action is currently testing support on a multi year trend line going back to 2017. Will it hold? I think so. 7 oscillators diverging with price action on at the weekly chart!!
Is it possible price action falls further? Sure. I’m the last person that knows where the bottom is (and the top for that matter).
Is it probable? No! Price action has been correcting from $130 to significant support. If confirmed price action is projected to strike $300.
On a fundamental note, this 2016/2017 project has been busy during the bear market more than I knew. Blockchain first caught my attention with the possibilities of:
a) decentralised finance
b) decentralised storage
c) smart contracts (in multiple languages!)
d) oracles
e) Interoperability between chains
Guess which project has gone and integrated all five above?! This could be very disruptive for a number of projects out there.
A buy from <$30 is fantastic.
Good luck!
WW
2-day dollar chart
3-day Neo/btc chart
Weekly chart:
NEO coin formed bullish Butterfly for upto 869% moveHi dear friends, hope you are well and welcome to the new trade setup of NEO coin.
On a weekly time frame, NEO has formed a bullish butterfly pattern
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NEOUSDTBased on this intensive movement that we have in the four-hour chart and the reaction that the price has shown to the blue range.
I have the mentality that the price should come out of the compression from the bottom.
The $ 12.698 price range seems to be suitable for the reaction and the entry point for the trade.
NEO 15mHello Trades,
Seems like NEO reached the top of the channel and the bottom of the bearflag again to retest it
You can trade this .
Target if it didn't break to the upside
should be the bottom of the channel.
On the chart we got the following :
Bearish divergence on 5m and 15m .
over bought on some indicators at 5m 15m 30m chart
we are on a strong resistance.
-
Have a nice day
NEO trade ideaOverextended and rejecting from channel top and bottom of previous bearish block formed on the hourly chart, NEO is on the way to offer a new entry opportunity.
If we get scenario A (reject on 0.5F) we will not enter any longs because of the low RR
If we get scenario B(break through 0.5F) we will activate a DCA trade that has two open orders between 0.5 and 0.618 and a lower one near the last bullish block.
🔥 NEO Has Entered Long-Term Accumulation PhaseBack in January I made an analysis on NEO where I argued that NEO was likely going to see more bearish pressure, which would bring it all the way back to 2019 price levels. Consequently, this could be considered as a long-term accumulation phase in preparation for the next bull-cycle. The yellow line is a copy from the previous accumulation phase and bull-cycle and is there just for visual purposes.
Be aware that NEO's bottom is most likely not in yet. With Bitcoin Dominance rising, it's very plausible that NEO can fall another 50%-80% over the coming months.
However, if you're looking to dollar-cost-average NEO, this is the time to do so.
NEO | Bullish Wave Should Begin During The Coming WeekesNEO | Bullish Wave Should Begin During The Coming Weekes
After the strong drop on BTC and all the other altcoins we can see that the price
is taking a pause in many of them.
On the NEO chart we can see that the price completed a Harmonic Pattern in
a very strong and old support area as well.
This bullish support can push the price up again in the coming weeks or months as long
as the price already stopped the bearish movement.
Thank you and Good Luck!
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
