NEO: Bullish Momentum Building with W Pattern Breakout💎 NEO has broken out of a descending channel and formed a W pattern in the demand zone, coinciding with the bullish Order Block (OB) area. Additionally, the MACD indicator is showing bullish divergence, enhancing the likelihood of a bullish reversal from this point.
💎In the event that NEOUSDT undergoes a pullback and demonstrates bullish candlestick patterns within the bullish OB and demand area, this would present an excellent buying opportunity. Alternatively, if the price directly breaks out above the resistance zone, it would confirm a bullish market structure, and we can anticipate further upward movement.
💎However, if the price breaks below all of our identified demand areas, it would be prudent to refrain from trading NEO in that situation, as it may indicate a weakening bullish sentiment.
💎Traders should carefully monitor NEO's price action and key support and resistance levels to make informed trading decisions.
NEO
NIFTY ANALYSIS WITH NEO WAVE, VIX & STRATEGY FOR OPTION WRITTER.Note: As per trendline & NEO wave theory Nifty to be touched 19200-19230 level. because of wave "a" in progress and when wave a will be completed than wave b to be started which to be came at lower trend line 19872 level.
So, Option writer can sell from upper lavel
Strategy:
Sell 19300 CE
Buy 19400 CE
Sell 18800 PE
Buy 18700 PE
This is only for educational prupose
Very Impoetant: VIX is reached very low appx-09. so to be causious because whenever VIX is below 10 that case market may reverse foe short term
Channel with NEO wave theory
Axis Bank technical chart analysisAxis Bank technical chart analysis
Strong support zone is 845-822
Strong resistance zone is 1000-965
Impulse wave
Impulse wave has completed (1-5) on daily basis.
Wave 1 & wave 5 are equally.
Wave 3 is longest wave.
Wave 2 taken less time as compare as wave 4 ( in corrective pattern).
Corrective wave
Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc .
Touched Fibonacci R3 resistance level at present (988)
RSI is making LL & Price is making HH on daily chart. (Divergence)
On balance volume indicator making divergence
Target:
Downside: 38.2% must to be came at least this level 905
Upside: 1218 level but take a time month/years.
Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction
This is only education purpose only
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
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💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 23.57
TP2= @ 25.31
TP3= @ 27.28
TP4= @ 28.71
TP5= @ 30.53
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (26.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 27.27
TP2= @ 28.11
TP3= @ 29.26
TP4= @ 30.47
TP5= @ 31.46
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEO price recoup with the downtrend, will it sail high?In the early hours, the price surged from $48.37 approaching $50 and beyond for today's new high. Coming across setbacks again, NEO failed to rally further from this point, sails at $4747.5. Moving out from the ascending channel, looks like there are more chances for a downtrend. However, if the momentum resumes, then it might set back to $49. RSI drips at $27, overbought condition adheres.
The resistance value is $ 56.58
The support value is $ 53.17
NEO USDT 4hrHELLO GUYS , THIS IS NEO USDT 4HR CHART, BEFORE WE START GUYS ONE THING ALWAYS REMEMBER , IN ANY FINANCIALS MARKET BEFORE YOU INVEST DO ALWAYS YOUR OWN RESEARCH , THIS IS NOT FINANCIAL ADVICE.
OWK LETS GO TO THE POINT , IF NEO USDT NOT HOLDING 93.60 AREA , THEN NEO USDT ATTRACT LETEST DEMAND ZONE 82.0$ - 86.0$ , AND THEN WE ARE LOOKING TRADE REVERSAL POINT AND ACCORDING WE CREATE OUR POSITION . THANK YOU