NEOBTC trade ideas
NeoBtc 400% Profit potential TA is easy in a bull market Just look at the chart. Isn't it sexy enough?? Waiting for a retest arround 13k sats when btc will hit arround 8800$ and i'll add a fat bag. Taking 75% of on the first Major resistance because i don't think we will get that good of a run like the good old times.
Neo monthly chart. As expected in December, very painfulAlthough NEO managed to crawl up 30%, back to resistance, it was not able to turn this level of resistance in support (See previous idea).
The resistance rejected the bulls, and now definitely looks on it's way down to the support level, a ton of pain further..
Neo analysis update If neo visit 1004 Satoshi we can buy again from it with this target
2306~3111~3763
Second analysis for neo/btcSecond analysis for neo/btc using harmonic and the first analysis made using Elliott wave you can see it in my account
BUY ZONE : 1340~1400
TARGET :2541~3302~3917~4531
3 Possibilities for NEO/BTCI personally think the odds are higher of seeing quite a bull run. However, we could see new lows, as a matter of fact very low lows, in the very near future.
THIS IS NO FINANCIAL ADVICE.
NEOBTC could push if bitcoin dropsbitcoin is going up, so altcoins are dropping. if btc will have slight pullback and will be running sideways, it could be the time for an altcoin season. thus neo/btc would rise.
NEO/BTCHello Friends,
Not much to say here, looks like the ascending ABCDE channel is yet to hit it's mark. The Bill Williams Fractal says no buy yet on the daily however the weekly chart is beginning to form a inverted hammer candle as is the RSI nearing oversold. I would wait a bit longer before buying into this ALT and see where it will head in the following days. If the weekly candle closes as an inverted hammer candle, that should put NEO into or near oversold RSI and at the projected daily chart of the predictable channel towards its target for a bounce upwards for a change of trend. Observe on this chart the stop loss and the buy zone.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
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CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
NEOBTCNEOBTC update
Entonnoir : W/D/H4 (swing)
Scénario de rebond complètement invalidé puisque NEO a non seulement cassé l'ancienne compression weekly (blanc) par le bas mais aussi sa zone de S/R ATL.
Reste à voir si on va finir par rebondir quelque part vers les ~1500 mais personnellement je ne me risquerais pas à long cette paire avant une réintégration du dernier creux weekly vers les ~2200.
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Funnel : W/D/H4 (swing)
My rebound scenario has been completely invalidated.
NEO broke out of the old weekly compression (white) by the bottom and also broke its ATL.
Let's see if we can have a rebound at the ~1500 level. Anyhow, I would not enter this pair before the price reintegrate its last weekly bottom at ~2200.
This is what I see right nowFYI my trend lines are drawn on the monthly.
To me it appears NEO is hitting the bottom trend line in a falling wedge, from here we either break below 1500 and free fall as others are saying, or we hold and bounce back to the upper trend line of the falling wedge. What do you think?
Bears in full charge and will be for a whileThis weekly looks so bad for the bulls weekly is trading under the weekly S/R level and also closed under the last defense level (red line). I think Neo will go down 48% from where we are now.
I would be interested in taking a long once we test that level i pointed out altho i will not long it blindly. i would like to see Daily bullish price structure for me to take a long there 4h at a minimum
NEO breakdown -> FreefallBreaking down to the first (weak) support level is a 57% drop
That's it, it better hold it!
NEO/BTC next move! Testing Fib 32%NEOBTC has a lot to gain before start the main move.
Just to test its Fib 0.32 (if we have already passed the bottom) is going to be around 400% gain from today's price.
$NEO Sitting at ATL BTC Support at around 177K sats...$NEO Sitting at ATL BTC Support at around 177K sats...
UCTS Sell signal Active on the daily (27% down since the signal)
If this level fails to hodl, We will enter into price discovery for a new support
For now I dont see bouncing/reversal signals
#NEO
