NEO | Smart Economy: Keeping It SimpleTo warm up, let's look at Neo while keeping it simple.
➖ In 2020 we have a major low on this chart, the All-Time Low.
This low comes as part of a consolidation phase after a major bear-market.
➖ The consolidation phase leads to a bull-market, that is, a strong bullish wave.
Neo has been printing higher lows long-term.
➖ After the 2021 bull-market, we have a bear-market that leads to a new consolidation phase. This consolidation phase is marked by long-term higher lows and takes us to present day.
👉 As this consolidation phase comes to an end, we expect a new bull-market to develop.
This how we look at the chart keeping it simple.
As supporting signals we have the rising volume.
Volume has been rising since February 2023, and we can appreciate the highest bullish volume ever in April 2024.
➢ Is the low in?
➢ Will prices move lower or start rising next?
These are the questions that comes to mind after this short analysis, and the truth is that it does not matter.
➢ What type of strategy are you using?
➢ What are your goals?
Spot traders can start accumulating because we are obviously in a long-term accumulation zone.
Short-term traders would have to look at smaller timeframes and thus this type of analysis is not for them. So it all depends on you, on your own individual goals, your trading style, your capital and the rest.
Remember, it is not a game of catching the bottom or the top, nor being right or wrong, it is about being profitable and improving (growing) as we go.
We use trading to achieve financial freedom and we use this freedom to do the things we love.
It cannot be denied, the Cryptocurrency market is changing the world.
Namaste.
NEOUST trade ideas
Neo long setup / Bulls or Bears, Tell me in CommentsBINANCE:NEOUSDT By CrazyS
COINBASE:NEONUSD
Hello Traders
💥Long position on NEO
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
9.60
9.72
9.83
9.95
10.10
🔴SL:
9.03 - 8.93
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Market Analysis and NEO Coin Technical Analysis🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions.
📆 Coin of the Day: NEO
About the Project
NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins.
🧩 Technical Analysis
4-Hour Timeframe
This analysis is for trading in futures, examining different scenarios.
♟ Support and Resistance : After a bearish move, the price has found support at 14.39. Since then, the price has been ranging, with three touches at this support level. However, no single high has formed; instead, there are two resistance levels at 15.88 and 16.91.
📉 Bearish Scenario : If a candle closes below 14.39, the next bearish phase might start, with the first support target at 13.31. A break below 35.47 on the RSI could confirm the bearish momentum.
📈 Bullish Scenario : If the price breaks above 15.88, we can look for a target at 16.91. A break above 16.91 would set the next target at 19.17. A break above the 50 level on the RSI could confirm the entry of bullish momentum into the market.
Volume Analysis
The market volume has been steadily decreasing, and since today is Saturday, the volume is especially low. Lower volume indicates that the next market move could be very sharp.
👨💻 Trading Positions
Long Position
Entry Trigger: Break above 15.88
Strategy: Open a position on the break of 15.88 and wait for confirmation from the price to set the target. Consider closing the position or taking profits based on price action and market conditions.
Short Position
Entry Trigger: Break below 14.39
Strategy: Open a position on the break of 14.39 as this is a very critical level in the market. After the break, this level could provide a good risk-to-reward ratio.
📝NEO is currently ranging within key support and resistance levels. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be sharp due to the low trading volume, especially on a weekend. Long positions should be considered above 15.88, while short positions should be considered below 14.39. Always keep an eye on the RSI for confirmation of momentum in either direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
NEOUSDTHM Triangle BO v1.0 spotted. Looking good with previous wave down with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 9.881 - 10.059 level
- Trending slow and steady if able to hold below the BOS level
It is at extremely good reward to risk level if able to break up the upward trendline.
NEO (Crypto) BUY TF H4 TP = 11.260 Good luck!On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 11.260
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, WeBelievelnTrading
NEO: Potential Breakout from Falling Wedge?Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
NEO looks good in daily time frame. It is forming a falling wedge like structure and trying to breaks out from it. It also holds a support (Green box) very well so far. After a confirmed daily candle close expecting a good 70-80% move to the upside from here.
Entry range:- $10-$11
Targets:- $12.3/$14.4/$16.8/$19.5
SL:- $8.30
What are your thoughts on NEO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
NEOUSDT is up for a 300% jumpAre you one of those long-term investors? Then the NEO coin might be just for you. By the looking at the weekly chart we can observe a breakout of the long term supply zone, indicating a shift in trend. Following the breakout, price has corrected heavily, and found the support at 88.6% Fibonacci retracement level. So as can e seen, this Fib level is also a great demand zone for long term investors.
Therefore, we expect a 300% rally in the coming months. It will not be an easy and fast ride, but a bumpy one. Nonetheless, the great RR buying opportunity is open for those who see the massive potential for NEOUSDT.
#NEOUSDT Technical Analysis in Weekly Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
NEO has been in a long-term bearish trend constrained by a descending resistance line, with a strong support zone identified between $5 and $8.6.
Historical price movements show significant volatility, with notable peaks in 2018 and 2021.
The recent price drop indicates a possible correction phase, but the analysis suggests a bullish outlook for the future, with a potential target of around $80 if the price can break past the $21 to $24 resistance levels.
The moving average serves as an additional indicator for trend analysis, supporting the potential for a future upward move.
Key Observations:
~ Support/Entry: $5 to $8.6.
~ Resistance/Initial Target: $21 to $24.
~ Long-term Target: $80.
~ Invalidation Point: A breakdown below the support line.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Positive sign for potential upward movementNEO experienced a drop to the support area around $10, followed by an immediate bounce back up. This sharp rebound suggests that there is significant buying interest and strong support at this level. Such a reaction indicates that buyers are stepping in to defend the $10 support, which is a positive sign for potential upward movement.
If the current positive momentum persists, it is likely that we will see NEO testing the next resistance area in the coming days. This would imply that the price could rise further, challenging the next significant resistance level, and potentially indicating a shift towards a bullish trend.
NEONEO coin is currently undergoing a correction phase, which typically involves a temporary decline in price within an overall upward trend. During this phase, the price might take corrective liquidity, where sell orders are triggered to allow for more buying opportunities. This action can push the price higher, indicating a potential for good investment opportunities. Corrections are a normal part of market movements and can offer strategic entry points for investors looking to capitalize on future growth.
Long signal for NEO/USDTThis technical analysis is based on the daily chart of BINANCE:NEOUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 14.72 USDT.
Entry and Exit Points:
Entry: 14.72 USDT
Take Profit: 17.01 USDT (15.56%)
Stop Loss: 14.12 USDT (4.08%)
R/R Ratio: 3.81
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 3.81, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
NEO/USDT - Support level before starting a reversalNEO/USDT is moving within an upward channel marked by two parallel orange lines. This indicates a stable uptrend. The price is currently approaching the lower boundary of the channel, which serves as dynamic support.
Additionally, the price is currently around the middle line of the Bollinger Bands. If the price can hold above this middle line, it is likely to move towards the upper band, indicating further upward potential.
Bullish Bias: if the price can stay above the support level of $14.3 and move towards the resistance level of $30.
DYOR. Not Financial Advice
