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 / TetherUS PERPETUAL CONTRACT
6.374USDTR
−0.422−6.21%
As of today at 14:39 GMT
USDT
No trades
NEOUSDT.P trade ideas
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 .
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💗
NEO/USD - Consolidating before aiming for ATH at $200! 🥳NEO is stuck between two key levels acting as resistance and support as shown on the chart. Between $100 and $125.
We either bounce in this area some more or we will fall lower to find support around $80. Either way, after some healthy break in price gains, we should gather sufficient strength to push higher for the ATH at $200.
NEO made a sustain rally after we broke this ascending wedge upwards and made the original resistance support = bullish re-test. The rally that followed was a 250% price gain... not bad.
This shows NEO is ready for some serious business and price gains. I don't expect this to change despite any corrective moves that are taking place currently.
The indicators are bullish on weekly, but a bit overextended, reason why I think we need a break before another massive pump. I mean look at that green candle in early April... almost 100% price gain in a week.
Therefore, forecast for medium term is bullish and short term, we may be a bit flat/bearish. Best to buy support or lower levels if we get them.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
NEO-USDT PUMP SOON?Greetings
NEO-USDT pair on the daily chart.
After the crown dump, the coin is in an uptrend and in September, when it reached 25$, it corrected and formed a downtrend or a channel, whatever you prefer.
Now we see that the price broke through this pattern and now it is again moving towards the level of 25$.
This is the high of the last 2 years, and if we see this high renewed, we might expect a good reaction and continuation of the trend.
ATH of this coin is around $200, which is about 500% from last ATH, it doesn't mean that it will come to that level, but unlike other top altcoins, this one is "cheap" compared to its previous ATH.
Potential targets in an uptrend are $35.55, $85, $140, as such there are no volume levels clear blue sky overhead, and in this case will decide the price to the bitcoin pair, by which we will be guided.
On the weekly chart you can see that there was a realization at 25$, after the price corrected and returned to the level, it looks optimistic as well.
On the 4 hour chart of NEO-BTC the price has broken the downtrend and is moving in an uptrend channel, the first serious resistance zone is 850, and 1000-1100 sat.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
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NEOUSDT is testing the historical resistance 🦐The price had two main breakouts from two monthly resistance. At the moment the price is starting to test the historical weekly resistance. IF the price will have a breakout from it, we could see a new ATH. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NEO casually not giving a fk about this dipI bought NEO a few weeks ago in anticipation of this event. A few targets drawn up here, and this is only the USD pair.
When we look at the BTC pair, there could well be much further to go once we break out from this structure and surpass the ATH.
There is a recurring pattern of U shaped reversals that follow what ETH has done. Volume is a good indicator to check out the level of accumulation happening, and of course S/R levels.
Some other ones that share this characteristic are:
QKC
ONT
NULS
NANO
DASH
LTC
Notice that aside from the last two, almost nobody is shilling these on CT
Now that funding has been reset, let the run continue. I believe we have a ways to go
