NEOUSDT.P trade ideas
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.
💡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!❤️
💎 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 ❤️
💡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 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