Update NEO USDT. Hit the target box en stars making a bullish pattern. Lets see how this works out in next couple of hours/days.
NEO HIT. Now look carefull for support. If breaks we go down else range near $20,-
Update from last chart. Target stil legit. So hold your bag of money there and find out.
NEO/USDT bounced off the support again a few days ago. This strong upside sloping support has formed since the corona crash in May. Since then, returns have been substantial for NEO. I'm marking previous highs at $21 and $25 as potential targets, feel free to do your own DD. With recent bullish influx into crypto, I think we will see a lot of fireworks with the NEO pairs.
Just a rough idea of price direction if a break occurs. Buy zone red if we break. If we push take profit at the green box and wait for a SR flip, confirmation and a push to higher resistance.
Long BUY green line 25% 25% 50% red line 50/50% tp 1 and 2 stop loss white line
We saw a good weekend movement and we finally broke the 100 EMA on the daily chart but will start to face some local resistance with the ichimoku cloud and the 200 EMA average. We will surely need more volume to satisfy these moves but overall the market has looked very healthy today! TP Targets TP 1 - $10.12 TP 2 - $10.62 TP 3 - $11.30 Selling Targets 1 -...
Position on 8.936 TP MAx (Full risk ) 9.549 Preferred on 5% on 9.382 Good luck every one
I think we already completed the ABC downtrend and is now entering anew uptrend. holding above the support from wave 4 of previous trend. we can also see a hidden bullish divergence as well as a head and shoulder pattern from the start of the wave 1. put a stoploss at 8.30 below the red line.
Some good profit on the way while climbing up
NEO is currently on a strong support. However I will be long on the trend line (blue rectangle) that match with the 61.8 % retracement Bitcoin will lead the trend again. Please like if you appreciate my analysis.
Closing the pennant with a Elliot Wave. Just ideas from a noob (TA-wise). What do you think of NEOs current situation?
NEO USDT SUPPORT RESISTANCE UPDATED!
Hello, Here is the chart for Neo/Usdt - Trading zone. When in range buy green, sell orange.