NEOUSD are we in a huge Adam & EVE bottoming patternThis is not confirmed until we breakout.
There is also a golden cross between the 50ma and 200ma on the daily, this should give us some momentum to break out of these two patterns.
It is plausible that NEO is forming a huge adam & Eve bottom pattern. This is not confirmed yet this is an Idea, but if we break roughly $19.20 things could get interesting.
We are also in a smaller Cup & handle pattern within this pattern, so this will likely let us know if the larger pattern is in play. I would say above $13.20 would put us in a breakout of the smaller Cup & handle Yellow lines are the extrapolated targets.
Neousd
NEO 32-70-100Let`s Consider the immediate Targets on NEOUSD:
Price:12.5
1st Terget - 32 (160%)
- (On ATR - Yellow Arrow=6.52*4=26.08 Distance)
2nd Target - 70 (480%)
- (On ATR - Yellow Arrow=6.52*10=65.2 Distance)
- (And Fibo 48.7%)
3rd Target - 100 (690%)
- (Fibo 127.2% from local; and 38.2% from global)
ATR Settings I`ll taked is 326 (Day`s from High to Low)
NEOUSD Technical Bullish ChartNEOUSD Now Current Price is $11.66.
Chart say.?
According To Technical Analysis Chart NEOUSD looking very Bullish.
now $13.31 strong Resistance at this Time.
And $10.40 Also Good Support.
in Daily Time frame also Golden crossed happened.
we can enter At every Dip.
Support 1: $10.40
Support 2: $8.56
Support 3: $6.73
Resistance 1: $21
Resistance 2: $31.18
Resistance 3: $43.32
Resistance = Targets
Please Like and follow me guys for latest chart and crypto Updates.
Thank you
NEONEOBTC formed interesting patterns. When I first looked at the chart, I saw a cup and handle, and then an upturned head and shoulders. all of these patterns of continued growth.
After the formation of the right shoulder or handle, we will break the resistance with a large volume and fly higher.
Best regards EXCAVO
NEO (Y20.P2.E1).A lot of potentialHi All,
A few words required.
a) I think BTC big move is up at this point
b) NEO has a nice bullish formation \ potential, so do many ALTS.
Its hard to choose which ALT will give less risk and more reward.
Good luck with your trading strategy.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
Note fib. levels help define resistance\support
MACD does not give any reason not to enter, we have convergence.
Neo to gain over 30% in FebruaryBITFINEX:NEOUSD
Nice setup for $NEOUSD in February
Overall, the bearish case looks weak with a few divergences that had already happened in the past few weeks on the way down.
The support build-up sits at EMA-50 and EMA-200.
Buy orders should be placed around the $10 mark with tight stop losses around $9.5 for both targets.
Target #1
The first target is the local top from January the 18th at $12.20. This will pose a potential return of 22% with a healthy 4.5:1 RR.
Target #2
The second target is the resistance level established at $13.5 from October 28th which was again re-tested in November 13th. Potential return is 34% with 7:1 RR.
NEO USDTHi there, it appears that we hit the previous targets set out in my last analysis all the way up to $12.30 - we saw quite a big retracement down now and found some support at the EMA 250 around $10.90 which took such a long time to break i expect it to act as a fairly strong support level, however we could see a wick down to around $10.59 where the fib and the local trendline channel appear to meet.
Right now i expect either the cup and handle formation to play out and we see a bounce up to around $13.15 and can then book some profits, or we may see that invalidated and we may trade in a range between the 250 and 300 EMA which seems to have acted as a resistance for now. Reminder, it has been a long to since we saw NEO trade above the 300 EMA so if that were to play out i think we could be looking at some strong moves to the uptrend. As for now, i will sit out and see which scenario plays out.
If we can break and start trading above $11.75-$11.80 zone i think we could see the cup and handle scenario play out, so overall i am leaning more towards a bullish bias as of now. It feels more as though buying dips instead of selling tops is the feeling around but of course trade carefully and do your own analysis before opening up any trades.
(NFA/DYOR) Trying to decode the tricky devil that is NEO. After setting support and resistance zones with the assistance of historic price action and volume profile, this is what I came up with. I'm not calling a moon shot by any means, but if we break out of the top of this zone at $12.25 there isn't much to stop us from testing the next major resistance zone between $16.50 and $19.00, and if we break that... oh boy. Based on volume profile and historic price action I see no major resistance until $32.00... I'm not experienced in TA, but this is what I'm seeing so far. I'm not calling a moon shot by any means, but I'm curious as to how this will play out. All input is welcome.