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NEOUSDT

$NEO/$USDT - 50% Bull move in week aheadAs USDT pairs move with BTC, currently BTC tested the 0.38 retrace level and likely to use it as alternated support for a bullish continuation before the month closes out. Now looking at NEO which is a better pick to be on during BTC rallys due to the larger volatility - thus % gain, we can see the last pull back was a 0.38 retrace of the former markdown to $9.75, this is now sitting on the 0.618 retrace level which is ideal for an Elliot wave 2 criteria. Expecting to see a short-term pivot up to $14 where it will again retest the 0.38 retrace of the larger macro wave, this level also has confluence with the 0.618 fib extension if we see a bounce here. $14 is the first target, and if we see a break out above this and the bearish trendline, next target will be $18 at the 1.618 fib extension (also showing confluence with the initially supply of the larger macro wave). On the Weekly charts, BTC does look like it will have a bearish run during August and possible September as it moves towards $7,500 area. But prior to this we are likely to see a pullback now to trap bulls in as the bear market resumes towards the end of this month. Great entry here around the $11 range with a tight stoploss.
Long
by BiggyBalls
1
Sorry Kid, You're Not The One - NEO! (NEOUSDT)Hello friends, traders, everyone! TGH Member request... Alt coins can be tricky, but I don't mind trying my hand at some of the more popular ones. For NEO here, with a solid following, could produce a good opportunity to buy. I would like for now, to see it stay within the blue triangle. Right now, the bottom of this area needs to be confirmed as support. Then, we can look towards breaking speedfan resistance. Keep in mind that, this will be the first MAJOR resistance NEO will encounter since the great capitulation. Generally, I am not a big fan of 38.2% retrace, but this COULD THEORETICALLY mean NEO is in a strong uptrend. (That is the textbook meaning of a 38% retrace in this situation) Keep an eye on it here, look for dips within the blue triangle, and a breakout buy in the green box. Your best bet would be a trailing stop loss. Good luck, traders!
by vox-populi
1
neo usdtneo looks very bullish to me although $22 - $30 looks to be a difficult area to break at current time, i believe that NEO is a pump coin past and pump coin future which gives/gave enormous gains ... now neo is usually slow paced and acts like a turtle but i admit to myself that neo has potential and thats why i loaded up bags of it in april. neo in my oppinion has a potential to see $99 - $105 to test the (0.618) golden Fib level by the end of the year collectively considering we have neo 3.0 coming up plus all the eth and neo side chain hype will fuel everything bundled up as a package deal ... ****this is not financial advice***
Long
by senseisatyoshi
NEO (14.70/11.00) CorrectionGood support at 14.70/13.80 with wave retrace levels at .61/.50 fib levels plus previous alternated resistance. Placing a parallel channel over the previous two waves we can consider the recent peak outside to potentially create the inverse effect to the lower side for a full retrace to $11.00 - this however seems rather steep and would be difficult to reach given the above support, much will depend on BTC movement. 16.10 is another key support that has been tested already - this is a confluence level of 38/50 fib retraces of two waves. Given the volatility we may see a short-term bounce into a wedge/range, otherwise a bearish trend for the month ahead.
Short
by BiggyBalls
NEO weekly (long term)NEO is still trying to pierce through the resistance zone wich was the target on my last chart. Even the thought the target was reached twice it rejected weekly candles on both of those times. NEO is now trying to pierce through for the third time but seem's to be undecided. I'm sure it will broke it but we might see NEO dip one lat time to the red zone wich was the resistance zone in my last chart and now acts as a accumulation zone. Theses zones have proven to be working since a couple months! When NEO will break through the resistance zone it will make massive moves, now is a good time to accumulate!
Long
by vivelavie101