NEOUSD - Freefall ??NEO is witnessing Free Fall from failure to break 142, can it continue downwards ? Looks like yes. Check the potential Support Zones and forward path
Neoforecast
NEO vs BTC the volatility got some agility! The NEO market has been nice and volatile against Bitcoin recently providing excellent trading opportunities for the shorter term traders. Lets take a look at the chart.
The 1day candles give us a clear view of the recent carnage and a good idea of the immediate support levels.
The experienced trader will notice the massive cup and handle is busy forming.
I am looking towards 0.01 btc as critical near term support and consolidation above this level will keep me bullish on Neo.
Should support fail at 0.01 there will be a new floor set.
Resistance is pretty solid around 0.014 – 0.015 and we will most likely see a battle between the bulls and bears this coming week.
Look for the moon above 0.015, safe trades.
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NEOBTC LongFirst way - we can close long position near triangle top and then will open one more long if we'll break out it up
Second way - keep long from now to goal
NEO vs USDollar - Prepare your launchers!Since the big drop down to $70 Neo recovered nicely and we have been trading in a tight range between $100 to $120.
The market is getting ready to show us which direction it wants to go with the prices coiling ever tighter.
Seeing that Bitcoin pushed to higher levels yesterday I would expect NEO that is actively traded to play catch-up vs the US Dollar soon.
This is a good place to speculate or add to your NEO positions for the longer term.
Some traders are placing orders down into the $100 zone and a bit below, in case we experience an unlikely dip.
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NEO vs BTC forecast - Is NEO the ONE?Neo has performed very well against Bitcoin during the recent “crash” and as a long term Neo holder I couldn’t be more happy.
Looking at the chart we can see that some sellers are taking profits in the higher zones and we are experiencing a nice sideways movement.
This is typically what we see when markets correct before they move higher or lower.
Neo is moving in a nice channel at the moment and I would expect strong support for the near term at around 0.011 btc.
Resistance is currently between 0.013 btc and 0.015 btc.
Expect new highs should the bulls decide to buy up the resistance. Safe trades.
Feel free to discuss this trade with us on Discord .
There is a good opportunity for long-term trades in NEOBTC!!Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.00962 to 0.00815), if so, traders can set orders based on Daily-Trading-Opportunities (Priace Action) and expect to reach short-term targets.
.Beginning of entry zone (0.00962)
.Ending of entry zone (0.00815)
Take Profit:
TP1= @ 0.0123
TP2= @ 0.0144
TP3= @ Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 71.
.Current short-term is uptrend and continuation of uptrend is expected..
