NEO 12h Who want movement +50%, swoop in)A month has passed since the publication of the previous idea of NEOUSDT. A month was enough for NEO to make x2 to the cost and get to the goal from the previous idea, check it out.
We wrote that the ideal purchase of NEOUSD would be $17.50, but buyers did not let the price drop below $20, we also had such a level, and is on the chart. From where the NEO price was driven up without stopping to the upper sales zone of $ 44-46, a maximum $47.44
Now it looks like the NEOUSDT price is consolidating under the $44-46 zone and is preparing to break it up . Fixing the price above this zone will give the green light for growth to the next zone of $61-63, which is a +50% movement.
By the way, in two days we took such a movement on BNBUSDT, please rate it.
A negative scenario for the development of events may become active if the price drops below $35.5
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Neousd
NEOUSDT (NEO) - UPTREND CONTINUATION ANALYSIS 🔎
- NEOUSDT brokeout above the descending trendline resistance (1).
- Price hit a swing high and retraced for a retest (1) of the descending trendline resistance (1).
- Price the bounced off the retest (1), breaking out above the descending trendline resistance (2), hitting a new swing high.
- Price is currently retracing for a retest (2) of the descending trendline resistance (2), key fibonacci retracement levels and ascending trendline support.
- The current retracement is resisted by the descending trendline resistance (3).
- We see another bounce off the retest (2).
BUY ENTRY ⬆️
- Aggressive (risky) : Key fibonacci retracement levels.
- Conservative : breakout above the descending trendline resistance (3).
TARGETS 🎯
- Swing high (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.