Finding What NEO Price Structure Could Display Next?Finding What NEO Price Structure Could Display Next?
The NEO, over the monthly chart, has formed a seamless structure from 2017 to 2024 (present). It showed that the price had peaked 2 times majorly; the first main peak was built by January 1st, 2018, where the price peaked at an extraordinary 122K% gain to $194.91.
There on, the abrupt selling pressure took the price lower, where the price consolidated for the next 792 days, and shot another rally of more than 800% to $136.98 and created the second peak. The second peak failed to stabilize as well, and the price went sideways again, and it has already been 761 days as of writing.
Over the broader picture, a declining trendline resistance has been playing; if a rally breaks out monthly, then most probably, the price could reach $80 and register a third peak almost 8x the current price.
Moreover, the daily chart looks at an amazing level, where the price could rise out of a falling wedge. Indicators are bullish, and the nearest resistance appears to be at $14 and $17. However, breaking $10 would lead to $8.
NEOUSD trade ideas
Can Bulls In Neo Crypto Keep On Stretching The Gains Above $22? The Neo Crypto took rebound from the 50 day exponential moving average and surged higher.
The crypto trades near the monthly high value and may resume its way on the higher side.
The Neo crypto extended the rally on the second consecutive day and surged over 7.51% Intraday. The bulls are in control of the trend and are poised to surpass the monthly high value. At the time of writing, the crypto was trading close to $22.496.
The daily chart demonstrates that the long term trend outlook is positive which is attracting buyers at the pullbacks. The NEO crypto is headed towards north forming higher highs and higher lows.
Recently, a selloff was observed however, lost momentum near the 50 day EMA. the bulls took the discounted price as an opportunity and added aggressive long positions which caused the NEO price to bounce back towards the higher levels.
Currently, the price hover near the recent swing high and may register a breakout above the monthly low value. On the higher side, the $22.6 level is acting as a hurdle which once surpassed may unlock higher targets of $25.7 and $28.
Neo Crypto Volume Analysis
The volume analysis shows that the NEO cryptocurrency received nearly 681.1 Million USD in volume in the last 24 hours which is 88.04% higher than the previous day’s volume. Also, the price has witnessed an upthrust in the last couple of sessions. On a combined analysis the price rise is supported by a subsequent rise in the volume indicating further gains in the near term.
The volume to market capitalization ratio is 42.34% suggesting high volatility in the crypto. It has 70.538 Million NEO tokens in the circulating supply which is nearly 70.54% of the total supply. The total supply of Neo is 100 Million tokens.
The sentiment data suggest the current bias of the traders and investors whether it is bullish, bearish or neutral. As per the data obtained, the positive sentiments were on the rise for most of the time Since January which indicates continuous growth in the Neo price in the last couple of months.
However, the weighted sentiment curve seems to be retracing the zero line multiple times suggesting a change of sentiments from bullish to neutral. Currently, the weighted sentiment curve is placed above the zero line and is headed higher after retracing it. It indicates a continuation of a positive bias in the short term.
Neo Crypto Forecast 2024
On the most bullish observation, the Neo price could rise to higher levels of $25.8 and $28, indicating an expected gain of over 25% by the month end. On the flip side, the most pessimistic price observation of our analysts is for the price to break below the key EMAs of 20 and 50 days after which it may fall towards the $14 level.
Conclusion.
NEO crypto Price is stretching higher for the second consecutive session. At the time of writing, it was trading near $22.496 with a 7.51% intraday surge. The long-term trend outlook is positive, attracting buyers and forming higher highs and lows.
Despite a recent selloff near the 50-day EMA, bulls have been buying the dip, pushing prices up. NEO is close to breaking past the monthly high, with potential targets at $25.7 and $28. The Volume surged by 88.04%, indicating further gains. The volatility is high and the sentiment is positive, suggesting continued bullishness in the short term.
Technical levels:
Support levels: $14.59 and $10.99
Resistance levels: $22.69 and $25.7
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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 is ready for massive PUMPHello masters, hope you doing well.
Update for all NEO lovers, NEO looking extremely bullish right now. Breakout from bull pennant and successfully restested. I have mentioned price targets am watching for upcoming days. Here's the one thing, it's daily chart and for good gain you have to hold until next run so don't look this as high leverage positions like noobs. Anyways always place your stoploss and trade with proper risk management :)
Please do like and share with your noobie friends.
💡 It's a great buy opportunity in NEOUSD @neo_blockchainTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in an uptrend and it is expected to continue.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 49.75
TP2= @ 55
TP3= @ 60
TP4= @ 64.40
TP5= @ 69.40
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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Neo can reach to $300 easily here is how! hi folks
I was doing technical analysis for NEO and found that it getting increasing trading volume plus its down about 90% from it's all-time high and main thing this time ETH is already near to its all-time high I decided to put my all ETH into NEO because another fact is that Neo3 is near!
NEOUSD Third Chance: Profit=203% SL=24% Reward/Risk > 8.4:1Third Chance Trade Setup summary:
Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP6= @ 26.74600 (New)
TP7= @ 31.80547 (New)
TP8= @ 37.11919 (New)
TP9= @ 43.73804 (New)
SL= Break below 21.63000
--------------------------------------------------------------------------------------------------
Status of previous trades:
Total Profit: 485%
Closed trade(s): 399% + 86% = 485% Profit
Open trade(s): 0% Profit
First Buy Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 27.07.2020:
Second Buy Trade Setup:
We opened 2 BUY trade(s) @ 15.65555 based on 'previous Forecast' at 09.07.2020:
First Buy Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
TP4 @ 20.61120 touched at 2020.08.24 with 108% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 146% Profit.
27% + 47% + 71% + 108% + 146% = 399%
Second Buy Closed Profit:
TP4 @ 20.61120 touched at 2020.09.12 with 31% Profit.
TP5 @ 24.30101 touched at 2020.09.17 with 55% Profit.
31% + 55% = 86%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
❤️ 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 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 ❤️
NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
Technical analysis:
. NEOUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEOUSD Update: Profit=2605372 SL= 423240 Reward/Risk> 6.1:1Trade Setup summary:
Profit targets=2605372 pip (194323 + 431448 + 805310 + 1174291)
Stop Loss =423240 pip
Reward/Risk > 6.1:1
Current Status:
Total Profit: 1922075 pip
Closed trade(s): 733235 pip Profit
Open trade(s): 1188840 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 269456 pip Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 463779 pip Profit.
269456 + 463779 = 733235
Open Profit:
Profit for one trade is 13.82634(current price) - 9.86354(open price) = 396280 pip
3 trade(s) still open, therefore total profit for open trade(s) is 396280 x 3 = 1188840 pip
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (12.55810) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
❤️ 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 trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in NEOUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (9.59874). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 12.55810
TP2= @ 14.50133
TP3= @ 16.87258
TP4= @ 20.61120
TP5= @ 24.30101
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.5)
Ending of entry zone (6.5)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. Neo/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (8.50000000)
Ending of entry zone (6.50000000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 10.80000000
TP2= @ 14.27000000
TP3= @ 17.65000000
TP4= @ 20.75000000
TP5= @ 24.99500000
TP6= @ 31.86500000
TP7= @ 43.90000000
TP8= @ 68.98000000
TP9= @ 93.13500000
TP10= Free
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. Neo/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (10.3100 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (10.3100)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 14.26790
TP2= @ 17.63851
TP3= @ 20.75000
TP4= @ 24.99556
TP5= @ 31.86434
TP6= @ 43.90000
TP7= @ 93.13590
TP8= Free
A second Chance to Buy in NEOUSD Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 78.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (14.26790000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT , you have a second chance to buy above the suggested support line (14.26790000).
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 BUY trade(s) @ 12.94164898 (day close price) based on a reversal candle (Valley) at 06.12.2019 .
Total Profit: 4841435731
Closed trade(s): 1383146306 Profit
Open trade(s): 3458289425 Profit
Closed Profit:
TP1 @ 14.26790000 touched at 2019.03.31 with 132625102 Profit.
TP2 @ 17.63851000 touched at 2019.04.02 with 469686102 Profit.
TP3 @ 20.75000000 touched at 2019.04.02 with 780835102 Profit.
132625102 + 469686102 + 780835102 = 1383146306
Open Profit:
Profit for one trade is 19.85822783(current price) - 12.94164898 (open price) = 691657885
5 trade(s) still open, therefore total profit for open trade(s) is 691657885 x 5 = 3458289425
All SLs moved to Break-even point.
Take Profits:
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 14.26790000
TP2= @ 17.63851000
TP3= @ 20.75000000
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
There is a trading opportunity to buy in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 14.26790000
TP2= @ 17.63851000
TP3= @ 20.75000000
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
A trading opportunity to buy in NEOUSDTechnical analysis:
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (11.1856)
Ending of entry zone (8.4295)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 14.26790000
TP2= @ 17.63851000
TP3= @ 20.75000000
TP4= @ 24.99556000
TP5= @ 31.86434000
TP6= @ 43.90000000
TP7= @ 93.13590000
TP8= Free
There is a trading opportunity to buy in NEOUSDTechnical analysis:
. NEO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (16.259 to 13.665). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (16.259)
Ending of entry zone (13.665)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00019800
TP2= @ 0.00021500
TP3= @ 0.00025500
TP4= @ 0.00031580
TP5= @ 0.00049700
TP6= @ 0.00051700
TP7= @ 0.00060700
TP8= @ 0.00073500
TP9= @ 0.00089900
TP10= Free