NEOUSDT.1DBased on the provided market data, the NEO/USDT pair is currently trading at $8.34. The pair has a 4-hour RSI of 74.69 and a daily RSI of 74.14, indicating that it is in the overbought territory and may see some pullback. The MACD on the 4-hour and daily timeframes are both positive, suggesting an ongoing bullish trend.
However, the 7-day RSI is at 47.38, which is near the middle of the range, suggesting a neutral longer-term outlook. The 7-day MACD is negative, which could indicate a bearish trend over the past week.
In terms of support and resistance levels, the 4-hour chart shows resistance at $8.67, $9.22, and $9.58, and support at $7.67, $6.47, and $6.30. The daily chart shows resistance at $8.73, $9.94, and $10.50, and support at $7.07, $6.50, and $5.78. The 7-day chart shows resistance at $8.48, $11.59, and $15.50, and support at $6.34, $5.92, and $5.44.
In conclusion, while the short-term trend for NEO/USDT appears bullish, the market data suggests that the pair is currently overbought and may see some pullback. The longer-term outlook is more neutral to bearish. Traders should keep an eye on the support and resistance levels, as well as the RSI and MACD for signs of potential trend reversals. As always, it's important to combine this technical analysis with other market indicators and news events before making any trading decisions.
NEO / TetherUS PERPETUAL CONTRACT
7.084USDTR
−0.086−1.20%
As of today at 00:07 GMT
USDT
No trades
NEOUSDT.P trade ideas
Neo - Fractal Double Bottom Pattern 📈Déjà Vu: A Tale of Double Bottom Resonance
Neo, much like Bitcoin and other digital assets, knows how to repeat history. In 2020, it showcased a double bottom pattern, and its evolution bears a striking resemblance to what we are witnessing today.
The Setup: An Intricate Dance of Market Forces
A double bottom pattern is no mere coincidence; it often involves market manipulation. The first leg of the pattern involves a substantial drop, catching many off guard. Then, as if by design, a lower low lures in more traders.
The Thrilling Twist: A Prelude to Growth
While the lower low may instill doubt, it's a setup for a dramatic turnaround. Just as in 2020, when Neo finally started its ascent, this pattern could serve as a prelude to a new bullish cycle.
Trading Perspective: Learning from Neo's Echo
Crypto traders can glean valuable insights from Neo's historical performance. Identifying patterns like these can better prepare them to navigate market fluctuations and seize opportunities.
Conclusion: A Pattern with Purpose
History has a way of echoing in the cryptocurrency realm. Neo's 2020 journey teaches us the value of recognizing patterns like the double bottom, shedding light on possible trends on the horizon.
📉 Double Bottom Patterns | 📊 Market Manipulation | 🚀 Bullish Cycles | 🧭 Trading Insights
❗See related ideas below❗
Feel free to share your thoughts in the comments! 💚📈💚
NEOUSDT is going to increase soon.In Persian!!!🟡NEO is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
⭐also NEO created Hidden Bullish Divergence .
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
🚀 *Bitxer Signal Alert ID# 284-5*🚀 *Bitxer Signal Alert ID# 284-5
📈 *Trade Direction:* Long ⬆️
📈 *Entry Point:* NOW
📈 NEOUSDT Alert: Bullish Vibes! 🚀
NEOUSDT is once again dancing around the $7.14 support level, a zone known for catapulting prices higher. 🌱
Historical data reveals a recurring pattern:
🎯 First Target: $8.12
🎯 Second Target: $8.30
🎯 Third Target: $8.50
This trend has proven reliable time and time again. Whether you prefer futures or spot trading, Bitxer offers insights drawn from a wealth of experience. 📊
Don't miss out on this complimentary signal! Join us in capitalizing on the potential gains. 🙌🚀
NEO Crypto NEO Buy TF H4 TP = 7.49On the 4-hour chart the trend started on Sept. 12 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 7.49
But we should not forget about SL = 6.80
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
The Power of Three - NEOUSDT Support Zone Study💎The #NEOUSDT daily chart has been exhibiting an intriguing price action pattern that's worth our attention. Of particular note is the remarkable resilience of the $6.76 support level, which has seen the price bounce off it three times consecutively. This support level coincides with the 78.6% Fibonacci retracement level, further enhancing its significance.
💎In recent days, #NEO has been on a consistent upward trajectory. Given the consistent respect for the support, the probability leans favorably towards a continuation of this upward movement.
💎For prospective buyers, it's essential to identify potential profit-taking areas. There are two notable levels of interest in this regard. The first is a minor resistance near the psychologically significant $8 level, which also aligns with a double Fibonacci level. Notably, bears have put up a strong defense in this price region, making it a likely initial profit-taking zone for buyers if the price continues to rise.
💎However, should this resistance level be breached, the prospect of an extended uptrend becomes more compelling. The next target for #NEOUSDT would be the $9 area, which holds significant importance. This zone corresponds to the 61.8% Fibonacci retracement level, the 200 Simple Moving Average, the long-term downtrend line, and the Volume Profile resistance.
💎For the MCP team, this constitutes a key price area to monitor closely, as a breakout above it could signal the initiation of a long-term uptrend. Nonetheless, Paradisers, it is imperative to continue monitoring the 78.6% Fibonacci support level. Any attempt by the price to breach this level should be regarded as a robust warning sign of a potential continuation of the downtrend.
🔍 Keep a watchful eye on these critical levels as the price action unfolds.
NEO/USDT prepare for bullish move? 👀 🚀 NEO Today AnalysisParadisers, gear up for an exciting opportunity with NEOUSDT! After touching a bullish Order Block, it's primed for a dynamic upward surge👀
💎 In the wake of recent market volatility, NEO experienced a significant drop but has since regained its bullish momentum.
💎 There's a Bearish Order Block above that the price has already tapped once. We're optimistic that it will revisit this level, given the remaining liquidity.
💎However, if the price breaks through the demand zone, consider a short entry to capitalize on the situation.
Keep your charts updated and Stay one step ahead of the market 🌟 🌴
NEO ANALYSIS (1D TF)From where I put the red arrow, we see a corrective diamond diametric. Now I think we are at the end of wave E.
The green range is a bit of a big range, but it is where wave E could end and we could see upward moves for wave F.
A confirmation or trigger must be received to initiate upward movements for wave F.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
1 hour short elliot wave 1-2 setupafter a 5 wave move down(indication of downward trend) neo pulled back in a corrective abc structure(with overshooting b wave). this correction looks complete as it came into the grey fibonacci area with c wave completing all 5 waves in an ending diagonal. There is a good chance that the top is in and price is reversing in this grey fib area. breakout of the blue trendline of the ending diagonal is the first confirmation that the top is in and that 3rd wave rallyhas started with a minimum target of 6.6 .
Bullish 📈 on $NEO for a price target of $89 🚀🚀 The Bullish Case for NEO 🚀
I've analysed the NEO chart, and I find the technical indicators suggest to be oversold. This is often a strong buying signal and, combined with the fundamentals of NEO, makes me decidedly bullish. It is not financial advice.
1️⃣ Oversold Territory: The recent market correction has pushed NEO into oversold territory. Historically, these have been excellent opportunities for value investors.
2️⃣ Target Price : Given the current chart patterns, I am expecting NEO to bounce back and reach no less than $89.
3️⃣ Past Cycles: NEO has shown strong resilience in past market cycles, demonstrating impressive growth and recovery. I think that it's poised to follow a similar trajectory in the near future.
4️⃣ Smart Economy: NEO has a growing ecosystem of dApps, which could push the demand for NEO even higher.
5️⃣ Scalability & Efficiency: With its dBFT consensus mechanism, NEO provides high transaction speed and reduced energy consumption.
6️⃣ Interoperability & Quantum Resistance: NEO's commitment to quantum-resistant cryptographic mechanism positions it intensely for the future.
As always, this is not financial advice but my personal opinion based on my own analysis and research. Always conduct your due diligence when investing.
NEOUSDT Ready To Breakout?The cryptocurrency NEO appears to be gaining strength vs tether as we see that this asset has made a deep retrace of the June 28th low to July 1st high and if the 88.6% retracement level is to hold, there is a bullish argument beginning to develop. We are at resistance however, but if the RSI is told hold true, there is classic bullish divergence in development there that may give this asset the juice it needs to break through and hold.
I like targets up around $9.5 and $9.7.
NEOUSDTNEOUSDT is trading in bearish trend and recently it has formed double bottom pattern with strong bullish divergence.
price is fading selling pressure after double bottom pattern seems like bulls will take control from here.
If the price is successfully close above 8.5 level, it will be time for bulls to take control.
What you guys think of it ?
NEO coin forming bullish Shark for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of NEO coin with US Dollar pair.
Previously the we caught a nice pump of NEO as below:
Now on 4-hr frame, NEO is about to complete a bullish Shark move for the next price reversal.
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.
🚨 Trade Update: NEO/USDT (5-10x)🚨 Trade Update: NEO/USDT (5-10x)
📈 Long Entry: 8.82 - 9.37
OTE (Optimal Trade Entry): 9.07
SL: 8.45
B/E Move: When it moves close to TP2
TPs:
Short Term: 9.46 - 9.56 - 9.70 - 9.90 - 10.20 - 10.50
Mid Term: 10.90 - 11.50 - 12.20 - 13.00 - 15.70
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
