NEO: Big Bullish Move In Contemplation !Here is a monthly chart of NEO/USD revealing two BULLISH pattern formation in confluence (Ascending Triangle & Cup and Handle) which can provide high probability trading/investing opportunity.
The last time it was shared (on a Weekly-Timeframe) the price was around $24 and it rocketed from there to $141 and then eventually the big fall was witnessed as BTC pummelled dragging the rest of the market along with it (refer to this chart)
Now, the price seems to get back on track as BTC broke it's consolidation phase and is moving in an uptrend. This analysis is performed on a monthly time-frame and we all know the longer the time-frame, the more reliable the pattern becomes (Although, it may take less than expected time to reach the mentioned levels/targets).
If we look at the chart, we can see the CUP AND HANDLE formation has started surging upwards after spending the time in the congestion area (handle of the pattern) while the ASCENDING TRIANGLE pattern still have time to approach the resistance level and breakout from "Resistance Zone" (which is also the "lip" of the CUP and Handle pattern). Both the patterns will be successful if the price manages to break out of the "Resistance Zone"
However, the failure from there will definitely push the price back to the lower levels. (DYOR)
CryptoCuriousOfficial 📥
Neousd
NEOUSD Target Price 60.37NEOUSD Entry Price 51.66. Pin Bar Close Price is 51.66.
50% Fibonacci Retracement Level Price is 50.48.
NEOUSD Target Price 60.05NEOUSD Pin Bar EMA 10 EMA 20 Horizontal Support Level and 50% Fibonacci Retracement Level
NEO/USDT Could rocket up to 79.755!NEO/USDT is retesting the current resistance...
Once NEO retests the current supply ( Orange Line 60.190-61.980 ) and successfully pushes past this level we will know NEO is ready to fly
I will be placing my buy entry around 63.131 to avoid any bull traps that may occur
If NEO pushes past $63.131 there is little to no resistance stopping a push up to 79.755!
This could be a MONSTER move! Stay tuned for more....
Will be updating you throughout the week
Let me know what you think in the comments below!
NEOUSD Support Resistance LevelsNEOUSD. Wait for a price action signal to form at the support resistance level.
NEOUSD Target Price 52.91NEOUSD Pin Bar Pennant Pattern EMA 10 EMA 20. Entry Price 48.53.
Pin Bar on August 9th 2021 at 07:00
NEO (NEO) - August 11Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(NEOUSD 1W Chart)
If the price maintains above the 23.66260578-37.84723159 range, we expect the uptrend to continue.
(1D chart)
If the price holds above the 37.84723159 point, it is expected to turn into an uptrend.
If it rises above the 55.62236728-58.5762 section, it is expected that the uptrend will continue.
The next resistance interval is 79.70498226-86.223555.
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(NEOBTC 1W chart)
We need to see if it can move above the 0.001236 point and turn into an uptrend.
If it falls from the 0.000828 point, it is likely that you are entering the medium-equity investment zone, so you need to trade cautiously.
If it rises above the 0.001672-0.002743 section, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 0.001010-0.001291, it is expected to turn into an uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
NEO 12h Where is it better to buy in long?We lost sight of NEOUSDT, it turns out that the last time we published the idea was 2.5 months ago.
But the previous idea worked very well , exceeding our goals. A maximum of $141
And then there was a fall, clearly on levels, look at the preliminary idea, and you will see everything for yourself.
On the recent fall, the $28 level received the status of a strong mirror level, since it previously served as a strong resistance, and now coped with the role of support.
For the next few days, it is necessary that the level of $28 once again adequately withstands the blow from above and an aggressive buyout of buyers begins. In this case, we can safely expect the NEO price to rise to $60 , to begin with.
If the level of $28 does not withstand the pressure of sellers, then the price NEOUSD will drop below, and then long positions will take from $20 and above.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
NEO (NEO) - July 18Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(NEOUSD 1W Chart)
If the price maintains above the 23.66260578-37.84723159 range, we expect the uptrend to continue.
(1D chart)
It is important to climb to the 34.13570235-43.70791888 section and get support.
If the price holds above the 43.70791888 point, it is expected that the uptrend will continue.
If it falls in the range of 23.66260578-25.99197282, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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(NEOBTC 1W chart)
You should watch for movement that deviates from the sideways section of 0.000828-0.001672.
It must rise above 0.002743 point to create a new wave.
(1D chart)
If the price finds support in the 0.000869-0.001010 range and rises to maintain the price in the 0.001010-0.001291 range, it is expected to turn into an uptrend.
If it falls from the 0.000869 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)