NEOUSDT is testing the resistanceThe price is in the accumulation phase below the daily resistance after a nice bounce from the weekly support.
The price got a first rejection from the daily resistance at 12$ area, it's an important level for the price
How to approach it?
IF the price is going to have a breakout and retest the daily as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
NEOUST trade ideas
NEO/USDT - Market Update 07.08.22Hello Traders!
NEO completes the declining phase, continuing to move within the framework of the downtrend. The price is testing the resistance level of $11.60
It is possible to assume a continuation of correction of descending movement to collect liquidity to the next resistance level of $16.20, after which the fall will continue.
The zone of interest for medium-term purchases is in the price range of $5.65 - $8.30. Two previous market cycles started from this zone.
Targets for such purchases are levels of $16.20 and $29.50.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
NEOUSDT | BULLISH SETUPNEOUSDT has been trading in a triangle. The price is converging. Now price is approaching to trendline resistance. We are expecting a bullish breakout above the triangle.
The bulls need to break above the triangle, While bears will be in control below the falling resistance.
Manage your trades accordingly.
26-07-2022 _ Update Short Term Bearish Idea _ NEOUSDT M15That’s the 2nd follow-up of Short Term Bearish Idea _ NEOUSDT M15 originally shared on 24-07-2022 with 1st follow-up on 25-07-2022
Trade Management
Close remaining 40%
Next Target @ 9.45 ...... Target Achieved on 26-07-2022
1st Follow-up
Close 60%
Move Stoploss to R1 @ 10.45
Next Target @ 9.45
Original Idea
1- Bearish Divergence H4
2- Hidden Bearish Divergence H1
3- Check Price Action near R1, R2, R3
4- Enter with Candlestick Pattern coupled
with valid BO of the TL.
Target @ 9.83 ….. Target Achieved on 25-07-2022
Protection 11.00
If there is no valid setup or R:R is compromised
DONT ENTER
NEOUSDT SHARK PATTERNShark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.
Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
NEO Potential LongThe above trade idea is based on symbol NEOUSDT - Binance.
The trade plan is based on 5 confluences:
1. pw-low
2. d-Support Pivot
3. m-VWAP
4. pw-Psy-Low
5. 567% above average volume Vector - Recovery
An alert has been set for the entry price.
Risk Management is always important. Let the trade come to you.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
25-07-2022 _ Update Short Term Bearish Idea _ NEOUSDT M15 That’That’s a follow-up of Short Term Bearish Idea _ NEOUSDT M15 originally shared on 24-07-2022
Trade Management
Close 60%
Move Stoploss to R1 @ 10.45
Next Target @ 9.45
Original Idea
1- Bearish Divergence H4
2- Hidden Bearish Divergence H1
3- Check Price Action near R1, R2, R3
4- Enter with Candlestick Pattern coupled
with valid BO of the TL.
Target @ 9.83 ….. Target Achieved on 25-07-2022
Protection 11.00
If there is no valid setup or R:R is compromised
DONT ENTER
24-07-2022 _ Short Term Bearish Idea _ NEOUSDT M151- Bearish Divergence H4
2- Hidden Bearish Divergence H1
3- Check Price Action near R1, R2, R3
4- Enter with Candlestick Pattern coupled
with valid BO of the TL.
Target @ 9.83
Protection 11.00
If there is no valid setup or R:R is compromised
DONT ENTER
NEO Potential LongThe above trade idea is based on symbol NEOUSDT - Binance.
An alert has been set for the entry price.
Risk Management is always important. Let the trade come to you.
Stoploss(SL) 1% above entry. Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
NEO Potential ShortThe above trade idea is based on symbol NEOUSDT - Binance.
An alert has been set for the entry price.
Risk Management is always important. Let the trade come to you.
Stoploss 1% above entry. Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV
On the daily chart we can see a massive falling wedge - bullish reversal pattern!
Also we have a second local blue falling wedge, so the probability of a successful trade is higher.
If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign.
Regarding my analysis of Elliott waves, the major impulse (5-3-5-3-5) has been definitely completed successfully!
We have a great confluence to open a long position here.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
NEOUSDT, breakthrough has been committed :)Good part of the day dear TW community. Here I am willing to show my view on NEO for the next two months. As you can see there is a huge breakthrough and it's aiming to rise until x2. The other is in the chart. Good luck in trades, buddy.
P.S. It's on a reverse mode.
NEO/USDT - Long - Potential 200.26%NEO/USDT - Long Term Long - Potential 200.26%
Exchanges: Binance, KuCoin, Bittrex, Huobi.pro
Signal Type: Regular (Long)
Entry Zone:
8.62 - 9.15
Take-Profit Targets:
1) 13.28 - 33.333%
2) 22.82 - 33.333%
3) 27.32 - 33.333%
Stop Targets:
1) 4.61 - 100.0%
Entry Trigger - Breakout on daily RSI, could see price pullback to support in entry zone before following. Binance supported network upgrade June 19th & high development on network.
Trailing Configuration:
Entry: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)