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Neolong

NEO: Analysis using Ichimoku 06/06/2020H4 A rising channel is visually recognized, the borders of which the price is currently testing. The NEO price is trading on the Ichimoku cloud, indicating the presence of a local correction. RSI is directed towards to level of oversold. Conclusion: We recommend buying from a key support level of Fibonacci 50%. H1 The price is trading below the Ichimoku cloud, indicating the zone of the possible completion of the correction. RSI is overbought, indicating sellers are weak. Conclusion: We recommend buying from a key support level of Fibonacci 50%. Good luck!
BITFINEX:NEOUSDLong
by QubitLife
NEOUSD | A Possible Move To $200Hi friends hope you are doing good and welcome to the new update on Neo coin. In today's article will see how the Neo coin has turned bullish after the formation of very big bullish harmonic pattern. And now what next and how the price action will behave. Big bullish Shark pattern has done its job: In my previous article on NEO that I published on April 2020. I revealed that the price action of Neo coin has formed a very big bullish Shark pattern on two week chart. And the final leg of this pattern was completed in the month of March when the Neo and all other cryptocurrencies even the complete market was facing very strong bearish trend. And this strong bearish rally helped the Neo coin to complete this final leg. And as per Fibonacci sequence of bullish Shark pattern I predicted that because the price action has entered in the Fibonacci retracement 0.886 to 1.13 Fib level. Therefore now the Neo coin will turn bullish from here and it will be entered in the Fibonacci projection of C to D leg from 0.382 to 0.786 Fibonacci projection. And as per prediction that I made on the basis of the Fibonacci sequence of this pattern the price action finally turned bullish and so far it has produced more than 130% bullish rally. SMAs are showing bullish move that can breakout the channel: After starting the bullish move the price action of Neo coin has formed an up channel on the daily chart. And during the movement in this channel we have seen two major attempts by the price action to break out the channel. 1st attempt was made in the second week of May and second attempt was started from the 1st June and even at this time price action is trying to breakout the resistance of the channel. And if we watch the simple moving averages with the time period of 50 and 200 on the same daily chart then we have a very positive move by these moving averages as 50 simple moving average is moving up to form a golden cross with 200 SMA. If this golden cross will be formed then the price action will have a strong support of these two simple moving averages. And this cross can produce more powerful rally that can help the priceline to breakout the resistance of this up channel. Wedge formation and bullish signals by exponential moving averages and Bollinger bands: Now let's switch to the weekly long-term chart. And here it can be easily observed that the price action of Neo has formed very big wege pattern on this weekly char. The formation of this pattern was started from November 2019 and sincethen the price action is not able to break out from this pattern. And this time the price action has again geared up and reached at resistance of the channel to break out. This time we have two major positive signals for the breakout. 1st signal is the bollinger bands is moved above the resistance of this wedge. Therefore this time the priceline will not face the resistance of the bollinger bands as it has been facing previously while making the previous attempts for the breakout from this wedge. And the second positive signal is that a bull cross is formed between the exponential moving averages with the time period of 10 and 21 just beneath the priceline. That can be also very helpful for NEO to breakout from the resistance of the wedge. However if we watch the volume profile of the complete priceline moving within this pattern. Then we have the trader’s interest upto the support and while moving upward the volume profile is showing that trader’s interest is upto $11.5. And at this time the price action is at the area where the trader’s interest is weak, however the support of exponential moving averages and the position of the bollinger bands can help the priceline to break out from the resistance of this wedge. Ichimoku cloud: Now I would like to draw your attentions towards a very important indicator and that is Ichimoku cloud. And on the chart it can be easily seen that the price action never able to break out from this cloud on the weekly chart. From June 2019 we have witnessed several attempts by the priceline to hit this cloud but so far all attempts are unsuccessful. At the moment the cloud is very weak and the price action has hit the cloud again for another try to cross up. At this time the resistance of the cloud is at $13 where the price action has already spiked. If we watch the lagging span of the cloud then it is turned bullish and it has crossed up the candlesticks. And the conversion line is moving up to cross the baseline once this cross will be completely formed then we can see the cloud will be turned bullish (green color). And the candlesticks can cross up this is bullish cloud very easily. Once this cloud will be broken out then it will become a very strong support for the NEO coin that will lead to a very long term strong bullish rally. Let’s talk about the key level resistance: Now If talk about the different long term resistance levels for the Neo coin. Then Neo has very strong resistance at $13. This resistance has not been broken out since after December 2018. Once it was broken out in June 2019 but while re-testing this resistance as support the price action failed to retain its position above this level. After bullish move that has been started after the mid of March 2020. Finally the price action has again reached at this resistance level and if this $13 resistance will be broken out then we will have the next level resistance at $20 that is a key level resistance for NEO. Once this key level resistance will be broken out then it will be easy for the price line to reach up to the previous highest price ever in the history that is around $200 as on the long term the priceline of Neo has no significant resistance between $20 up to 200 dollars. Conclusion: At this time it is important for the priceline of NEO to cross up $13 level. As at the same time $13 is the resistance of an up channel and the wedge and ichimoku cloud as well. Once this resistance will be broken out then price action can reach next key level resistance at $20 within no time. And once the $20 will be broken out then on long-term it can reach upto $2 level very soon. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:NEOUSDLong
by moon333
1
NEO ANALYSIS: LONG THE DOUBLE BOTTOM SUPPORT!NEO ANALYSIS: NEO broke thru temporary support and flipped very bearish. The free fall is expected to be coming to an end upon one final dip into the support zone. This support is the ideal entry for a LONG position. Key entry is from 888-997 sats. RSI And Stoch daily looks bottomed, volume showing sellers exhaustion. An expected rally up to 200MA is bound. Look for a long bounce up to T1 at 1094 and T2 at 1164 sats. This will be a key spot at the 200MA. A rejection means further downside incoming and a triple bottom. A break above T2 is bullish longer term. Move stop loss up in this situation and see how the reaction comes at T2. Possible Entries: 888-997 sats
NASDAQ:AAPLLong
by altchicasignals
NEOUSD formed bullish BAT | Upto 71% profit possibilityHi guys and gals hope you are well, on 2 day chart the NEO Coin has formed bullish BAT pattern and entered in potential reversal zone to move up. Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $9.69 to $8.80 Sell between: $11.83 to $15.05 Stop Loss: The potential reversal zone area which is up to to $8.80 can be used as stop loss in case of complete candle stick closes below this level.
BITFINEX:NEOUSDLong
by moon333
2
NEOBTC formed bullish Cypher | A good long opportunityPrice actions of 19th laargest cryptocurrency NEO with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone. Lets have a look on the NEO priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. I have used Fibonacci sequence to set the targets: Buy between: 0.001213 to 0.001191 sats Sell between: 0.001230 to 0.001272 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Cypher pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
NEOUSD Technical Bullish ChartNEOUSD Now Current Price is $11.66. Chart say.? According To Technical Analysis Chart NEOUSD looking very Bullish. now $13.31 strong Resistance at this Time. And $10.40 Also Good Support. in Daily Time frame also Golden crossed happened. we can enter At every Dip. Support 1: $10.40 Support 2: $8.56 Support 3: $6.73 Resistance 1: $21 Resistance 2: $31.18 Resistance 3: $43.32 Resistance = Targets Please Like and follow me guys for latest chart and crypto Updates. Thank you
BITFINEX:NEOUSDLong
by CryptoPatel
Neo to gain over 30% in FebruaryBITFINEX:NEOUSD Nice setup for $NEOUSD in February Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down. The support build-up sits at EMA-50 and EMA-200. Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets. Target #1 The first target is the local top from January the 18th at $12.20. This will pose a potential return of 22% with a healthy 4.5:1 RR. Target #2 The second target is the resistance level established at $13.5 from October 28th which was again re-tested in November 13th. Potential return is 34% with 7:1 RR.
BITFINEX:NEOUSDLong
by idbb1