Just read about very interesting harmonic patterns like butterfly, bat and crab - why not test new information?
NEO moving up in ascending channel. Thinking profit targets are 33 and 37 levels. Ideas?
Buy NEO when it passes 27.7 USD Tether. In next two days it has an energy point. Wait for it!!
NEO has shown a ton of support at $27. Without China risk, NEO stays above $27. Negative China risk seems exhausted, positive China news will be a huge catalyst for NEO. Buy at $27 for day trading or a longer term position, good buy at that price.
NEO rose about 25% yesterday. And now it broke 84-day downward trend!! This is a long-term approach. If the price movement follow this long-term trend, it can reach about $ 100. So I will buy it when neo breaks the pennant pattern upward.
I see falling wedge, and expect rise. let's see...
Let's look at the 4h chart of NEO and try to spot possible price movements. We can see that price reach an important zone formed by the downtrend line and 31.8 resistance level. If price breaks the downtrend line, that we have a possible long opportunity. If price breaks support line ~26.7, we'll have a sell signal. P.S. If you think this information can be...
The market moves in the borders of the horizontal price channel between 32.00 and 26.00 levels. The price bounces from the support zone formed by 27.00 and 26.00 levels. RSI confirms price reversal. It's buy opportunity and we can place pending orders at 28.30 level with stop at 26.50 level. The main profit target is the up border of the price channel and it's...
BIG bottoming pattern here. we are testing our trendline. this has the ability to move. we are starting to align on hourly timeframes also.
Neo/Dollar Bittrex 1 Day Time Frame 50-50 chance of an uptrend or downtrend. Los Angeles 11:25 PM. What to look for: RSI needs to be above 50+ and break through the rectangle. Price Action needs to be above the clouds otherwise expect side way action. Make sure Chikou Span remains above the Kijun Sen.
TP1 30.8 $ TP2 33.8 $ Stop sell below 25.8 $
Just a couple of Ideas of where I think NEO is headed. Right now, I am trying to find the best entry for a big position into this coin. I personally hate Neo because it always tends to go against my Technical Analysis. Please feel free to express your thoughts and opinions on NEO.
Neo bounced 0,0045 several times. this time it can go to 0.004 let me know what you think about.
NEO After big run has pulled back to support and started to round off its bottom. we have a double bottom on the hourly at 27 also to measure risk.
Looks like Neo failed to climb over the major fibo resistance and remains in the descending channel. I am expecting further downward pressure against Bitcoin at this time. Key levels to watch to the upside: - Sub-fibo ressitance at 0.00688 - Key fibo resistance at 0.00768 - A breach of the downtrend line to the upside Key levels to watch to the downside: - End...