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NEO/Bitcoin

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2400 Finally Breaks! (NEO Update) Patience Is Key In This MarketIf NEO can hold a third daily candle above 2400, I think it's fairly reasonable to expect it to finally break out of this ridiculous range. Targets are in the green X's. This is an update from my previous NEOBTC chart, where I suggested that the 2400 resistance was a bit too obvious (and artificially created). This signaled accumulation to me. I've held NEO since 2030 (swapped all my TRX for it a while ago) and have been patiently waiting for this moment. If you look at the links below, you'll see that I called a potential bottom when NEO was still in the $7-8 area. I also suggested that NEO would probably head down towards $5-6 when we failed to stay above $13 last fall. So far, we're sustaining above 2400 with decent volume. Let's see if we can get a bigger impulse. BUY SETUP: 2370-2420 Targets: 2600-2700 3000-3100 3500-3600 4600-4700 Obviously, if NEO breaks back down, we can expect another test of the ascending support. If that breaks, we have immediate support near 2150. This is not financial advice, and I am not giving a recommendation to buy or sell. This is a potential setup I'm seeing, and I'm curious to see how it plays out (for educational purposes only). NEO is currently part of my long term portfolio. Perhaps I will sell a small portion to swing trade, but that's not something I do very often. -Victor Cobra
Long
by VictorCobra
Neo Will go for new highs after a little pullback.Well, NEO has shown some bullish momentum these last days, and right now is gifting us with a good entry between 0.382 and 0.5 fibonacci levels, a rejection from this levels are very bullish, most of the biggest moves i have seen, always jump back from a pullback on this levels, and aims to a C wave with similar to A. This was the wave B, and our wave c would put us a target around 27k satoshis. Sorry for my english, and with this said, let you with my chart.
Long
by GreenRocket1
1
NEO consolidating under resistance at 2400.NEO/BTC is currently consolidating under resistance (which is at 2400.) As it sits, we are trading above the 50/100/200 day moving averages, and we have tested that 2400 resistance level several times, so it should be getting weaker and weaker after each test. 2400 was a previously strong support zone, and we see it now acting as resistance. One can either take a speculative play and enter here expecting a break of 2400, or enter on the retest of 2400 as support again. There is a chance if it breaks up above 2400 that it might not retest it as support before continuing higher, so keep that in mind. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :) Moving average guide (All daily for this post): 50 day MA in Green. 100 day MA in Yellow. 200 day MA in Red. Entry (Speculative): 2270-2300 Entry if price breaks 2400 (After break up and confirmed retest as support again): 2400-2425 Target 1: 2400 (Major resistance zone.) Target 2: 2600 (Prior support/resistance zone.) Target 3: 2900 (Prior support/resistance zone.) Target 4: 3150 (Prior resistance level.) SL (Loose): 2150 (Below the 100 day MA.) SL (Tight): 2250 (Below the 50 and 200 day MA, beware of potential wicks if you choose a tight SL.) Robinhood crypto article: support.robinhood.com -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo