NEO / TetherUS PERPETUAL CONTRACT
7.296USDTR
−0.137−1.84%
As of today at 18:57 GMT
USDT
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NEOUSDT.P trade ideas
#NEO/USDT is trying to break the Diagonal Trendline in 4-Hour TF#NEO/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
NASDAQ:NEO needs to clear the PDH $11.15 resistance level to gain the bullish momentum. I am expecting #NEOUSDT bullish momentum. The local resistance level is PWH $11.75.
NEO/USDT Bullish Reversal on the Horizon? 👀🚀NEO Analysis💎 Paradisers, brace yourselves for an exciting trading opportunity with #NEOUSDT, as it's currently lining up for a bullish turnaround from its support zone.
💎 A look back reveals NASDAQ:NEO struggling to surpass its previous high, leading to a bearish sentiment. However, the tide seems to be turning. At the support level of $10.08, where it has already stirred up some buying interest, there's a strong possibility of a bullish shift aiming for the significant supply zone at $15.12.
💎 We, the shrewd traders, are always equipped with a Plan B. Should #NEO dip below our key support at $10.08, we're prepared to capitalize on a bullish rebound from a further support at $9.03. But be cautious, as a drop below this additional support could signal a deeper fall.
Neo/usdt (NEO)The technical analysis of this asset reveals a dynamic and progressive impulsive wave system. As you've already noted, I place significant importance on historical data since the cycle tends to repeat itself. Currently, we are in the (b) phase, where in the past, we observed a robust consolidation followed by a powerful impulsive surge.
NEO/USDT This area so strong to sustain NEO, Ready for re-upward💎 NEO has undoubtedly garnered considerable attention in the crypto market, showcasing a significant rebound from its demand area. This resilience highlights the strength of the demand, hinting at NEO's potential to resume its upward trajectory.
💎 The focus now shifts to NEO's ability to breach and establish above a crucial resistance level, a move that probability could signal continued bullish momentum.
💎 However, should NEO struggle to ascend towards this key resistance area, there's a risk it might retract to the demand zone. A critical point to watch is NEO's performance in this demand area.
💎 A failure to maintain its position, particularly if it breaks below this zone, would be a stark bearish indicator. Such a breakdown would confirm a downward trend, with NEO likely to slide towards the next support level at approximately $8.7. In a more bearish scenario, NEO could extend its decline even further, reaching a stronger support level.
🚀 NEO: Breakout from Weekly Pattern 🚀NEO, in a pivotal moment, grapples with a substantial weekly imbalance, acting as a steadfast barrier to further upward movement. Traders are eagerly eyeing the potential for a breakout, especially after three resilient tests of this crucial level, suggesting the emergence of a genuine upward surge.
📈 Key Observations:
💡 Formidable Weekly Imbalance:
NEO contends with a significant weekly imbalance, serving as a robust resistance to sustained upward momentum.
📊 Technical Analysis and Pattern Recognition:
🔄 Triple Test Dynamics:
NEO's market dynamics involve a thrice-over testing of this pivotal level, indicating a persistent struggle against formidable resistance.
☕ Cup and Handle Pattern:
The repetitive testing of the weekly imbalance draws parallels with the formation of a substantial cup and handle pattern, a classic indicator signaling a potential bullish breakout.
🔮 Anticipating a Breakout:
🎯 Third Time Charm:
The third test of this critical level is poised to act as the catalyst for a genuine breakout to the upside.
💼 Strategic Implications:
🚀 Potential for Upside Momentum:
Traders and investors are closely monitoring this potential breakout, envisioning a shift in market dynamics and the initiation of sustained upside momentum.
📝 Conclusion:
NEO's current position, marked by a resilient struggle against a significant weekly imbalance, suggests the potential for a breakout. The recurring dynamics, akin to a cup and handle pattern, amplify the anticipation of a bullish shift, with the third test of the crucial level holding the key to NEO's future price action.
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NEO/USDT Could NEO Bouncing and continue Upward ??💎 NEO has recently become a focal point in the market, particularly with its bounce from the demand area. This rebound highlights the strength of the demand in preventing further price drops. There's a strong possibility that NEO might continue its upward movement, probability aiming to break through our identified strong resistance area.
💎 In the demand zone, a robust recovery is crucial for NEO. If it ends up merely consolidating in this area without a significant bounce, there's a risk that NEO could lose this key support zone. This could potentially lead to a downward movement, taking NEO back towards the Bullish OB area.
NEO/USDTNEO is looking good in a weekly chart and is showing positive signs. After flipping the level in RED It will be a good time for an entry. If a daily or 4h candle closed above the level, you can an entry on this.
All the information you need is right there on the chart. It’s important to set a stop-loss, which is like a safety net to limit potential losses in case the market doesn’t go in the expected direction
$NEOUSDT - Ultra bullish trend incomingWeekly and Monthly chart looks very promising with a potential upside up to more or less $300. Double bottom with a cup and handle pattern in the weekly chart is a huge indicator that NEO is ready to make a huge move in the coming days. 300 is high likely the target if crypto bull market get's intact in the coming weeks/months. The best time to enter and wait for NEO is NOW! Caveat.
