NEO :- Potential Inverse Head and Shoulder Neo seems to be in a potential inverse head and shoulder pattern and seems to be respecting it for the moment.
Keep in mind that a downtrend line within the right shoulder has been drawn and this resides within the right shoulder.In order to see the right shoulder play its part that would require a breakout from the downtrend line.
A potential target for the IHS is placed at 95+ levels and keep in mind a nice breakout to the upside would be possible as soon as we see the trendline on RSI breaking out.
A major move could be in the offing at any moment.
Antshares
Neo Bounce ImminentNeo has made several of these bounces in the past month, and this recent retracement happened rather quickly. We are now trading between the .618 and .786 fib levels, and at least a wick should hit the .786 soon. The triangle being formed is still a week or two from closing, and expect a bounce back to above .01355 :)
Updated Neo laddered buy positionsShout out to SkrillaKing on youtube, helped me see this pattern and I got in on the last cycle making a quick 14.8% , and I am doing this chart to post in his discord. Neo has gone through 5 cycles recently where it dropped below .011 Satoshi, and bounced to over .013. Although the triangle that is being formed is closing, it looks like it has room for 1 or 2 more cycles with slightly reduced, but still highly profitable trades. I did publish a version of this late last night, and the buys have not changed, but the waves look a little better now and the writing more clearly states my "If thens" for closing positions to avoid missing the long market bull that is imminent with this project. As always, stayin frosty and alert on the market is the best way to avoid missing out!
ORANGE ARROWS REPRESENT THE WAVES THAT MUST BE BROKEN
NEOETHIf Neo may go down to a low of around 0.1292 ETH before breaking through the Trendline Resistance (A).
Once it breaks through Trendline Resistance (A). There is a possible price of about 0.145 ETH.
This is a great short term position.
A price of about 0.131 ETH is a decent safe spot for entry.
But keep an eye on if it manages to break through the Trendline Resistance (A).
NEO - Short now / Buy bounce laterMost likely what happens now is drop from 0.013 to 0.008-0.006 levels
It may be that this top is just a first wave and significantly bigger wave incoming in MARCH what appears to be called by many a bull month.
I will update this idea later when we get closer to the bounce.
I expect that 20.02-27.02 is shopping time.
$NEO - TA/FA - Going sideways, watch for a new ATH or a dumpParameters:
NEO/BTC - 4H - Binance
Log scale, 15/15/15 top/right/bottom margin scale (if that matters)
8/13/21/55 EMA Philakone style
Bollinger Bands based on the Fibonacci ratio
RSI hlines at 30 and 70
Technical analysis: We aren't near the ATH, but we did hit 0.144.
The boll bands along with the resistance line is making NEO go sideways; this is where you pull profits or set a stop loss.
Fundamental analysis:
I have been following NEO on Binance for a while now; it is very saddening to see order book manipulation occur. Koreans have access to both their own local and international exchanges, leading to arbitrage on internationally welcome exchanges. This has stopped NEO moons multiple times.
i.imgur.com
i.imgur.com
Sell walls popped up out of nowhere while NEO was going up on Coinnest.
(this was a few weeks ago)
NEO/BITCOIN - MASSIVE CUP&HANDLE -1/28/18NEO looks to completing a Cup & Handle Formation! Looks Bullish!
- Massive Cup & Handle looks to have formed, right now, Handle is forming. If Handle continues as should, expect a breakout of upwards price movement, possibly to ATHs.
- Mini Ascending Triangle has formed on the Handle of the Cup, a very bullish sign and indicator of further breakout upwards to come.
- Bollinger Bands determine breakout and trends. Bollinger Bands were previously narrow as trend continued to consolidate, BUT as Bollinger Bands begin to widen (as they are currently doing), this signals a breakout is imminent, most likely bullish based on the likely possibility we are in the formation of the HANDLE.
NEO Falling WedgeNEO is currently in a falling wedge pattern against BTC. If it can break out I expect NEO to go on another bull run but it could also trade sideways for the next 3 weeks. If you look at my NEO/USD chart you will understand why.
First Target 56k
Second Target 72k
Third Target 85k
Stop loss 10% below entry or under
GAS (GASBTC) about to reach a bullish expansion -> To moon =)GAS which is used by the NEO blockchain network to move transactions. It has reached a low point after coming down many months already. More info on GAS neotogas.com and this is a good blog post about it hackernoon.com
Targets:
- 219800 satoshi
- 295900 satoshi
- 381300 satoshi
- 449400 satoshi (50% from previous ATH )
The full picture here:
I always forget to move the chart to correct place after checking the levels while writing.. :(
NEO the sleeping giant1. Mainnet/Testnet nodes will be soon decentralized.
2. CoZ x Microsoft dApp competition will bring new developers.
3. NEX (decentralized exchange) and other great ICOs in 2018.
4. Partnering with Elastos using NEO's smart contracts.
5. Da Hongfei making potential good contacts through conferences & travelling the world.
6. Potential Chinese's governement interest in NEO.
7. Da Hongfei CEO of NEO & OnChain DNA (Distributed Network Architecture).
8. ~8% yearly dividend paid in GAS tokens.
9. Much more to be announced Q1 2018.
10. Most undervalued coin among top #10 cryptocurrencies in market capitalization.
NEO/USDT TECHNICAL ANALYSISWhat we are seeing here is a bounce off of the support. Historical pricing shows us that this is the 4th time we have done this and the last 3 times we bounced off support we hit $34.5/$41.5/$43.5.
I am entered into this position at $32, I am sharing this chart to share why I did so, and the reason why I believe the risk/reward is there.
1. If we break under support I would be able to close my position for a small loss. (This has not happened, so far we have a confirmed reversal)
2. $45 is my take profit target, for a 40% profit.
3. It is possible that we breakout at $45 and push to new highs. If this happens I will make my position long term and seek $60-$80
4. If we do not breakout and I take profit at $45, because of the rising wedge, we should see another dip to $33, then back up. For another 30% profit on spot.
5. Ultimately I believe we are heading towards a breakout to new highs on this wave up, or the next one.
Thank you for checking out my TA, PLEASE trade on your own accord. This is an archive for me.
$NEO - looks ready for take off, arrived at Best entry point $NEO - looks ready for take off. I posted my NEO chart a few days ago, and if you play that you will see that NEOBTC indeed went to visit the bottom and at the same time arrived at the best entry point (called last week as well).
Best entry point if you want to start or consolidate your NEO position.
Risk to reward is great at this point, there are chances to go lower of course, but looking at the BTC chart, we should see a reversal rather sooner than later.
If NEO takes off, the target is at around 2x from here, so don't sell too soon! The amount of good news and traction for NEO is impossible to ignore, normal people are starting to hear about NEO.
I hope it helps, if questions let me know!
Thanks for your likes and follows!
$NEO december is coming !Neo had good news lately. Tons of new ICOs announced they will use the NEO platform to run.
Let me throw some names here: ElastOS, Ontology, NEX, Stokit, Qlink, TheKey, DeepBrain, AlphaCat, PeerAtlas, Universal Health ..
I don't know too much about these new projects, myself I'm watching THEKEY and NEX, but it shows the adoption of NEO is increasing.
Doing ICOs is what made ETH big. Money talk here, this is a real financial use for a coin, and we're talking millions of dollars.
I trust NEO will have the same path.
Now December is coming, good things can happen especially in the first two weeks.
On the 4 hour NEOBTC chart, NEO developed a small range, price went sideways up and down.
This means usually, this can go up or it can go down, so we will need confirmations. :)
I believe it will go up. We already finished the bottoming pattern, so the new uptrend should develop.
because now BTC plays at 9000 USD, we might still see a drop on NEO, around 39k levels. Usually it goes there and comes back very quickly. that would be the best entry point for new buyers to build a position.
If you want to play it very safe, you need to wait for a confirmation above the range level to buy.
That is my view on NEO in December. If this will happen, we can start looking then at the bigger uptrend and define targets.
Thanks! If questions, let me know!
NEO trading sidewayscurrently forming support around $35. It will either break support and bounce of the rising uptrend or trade sideways for the next two weeks and attempt to break up.
$NEO always surprising - start believingNEO is my number one investment. I joined the party before the ANTSHARES rebranding, that was a defining moment in NEO history.
to me NEO was and still remains the ETHEREUM of CHINA.
NEO started already to follow the path of Ethereum, even if it suffered a significant setback when China announced to ban ICOs.
However ICOs still happened on the NEO platform. Since last week we have exciting news coming from the NEO team, especially the new upcoming ICOs (THEKEY) and the decentralized NEO exchange NEX (similar to ETH Etherdelta), as well as starting to have NEO pairs on current exchanges, along with BTC and ETH pairs.
All these developments are very important and I believe long term NEO can become the third cryptocurrency after BTC and ETH.
the current situation looks quite positive on the day chart, we broke out of the bottoming pattern and started the uptrend. the news last week created some big swing movements, first because of the good news, but also because of the hype created and high expectations in the market.
On the 4 hour chart we can see some market structure that allows us to set some possible entry points and targets.
Enjoy and of course I'll be happy to hear your thoughts, don't hesitate to comment. Thanks!
NEOUSDNEO shares (NEOs are shares and not a coin and cannot be subdivided - minimum account=1)
good:
- digital assets (registered digital identity - connection between digital and phys. assets)
- anti-quantum cryptography (quantum-secure)
- Smart Contracts programmable with many programming languages
- NEO Gas (hodling NEO creats NEO GAS = 8-9% interest)
...sounds interesting and looks interesting (elliott wave)...
bad:
- no coin to pay
- not dividable - if you transfer 1.9 Neos only one will arrive
- less anonymity - chinese gov. probably involved
- less ICOs over NEO (Reddit..)
NEO entry for a possible 100%+ swing!BITTREX:NEOBTC
Fundamentals:
-China is on a time out right now until things clear up. This is good news for anyone outside of China. Get in before the herd!
-Neo is a strong coin with a great potential as more tokens launch on the Neo platform. The platform is promising and I believe it will stick around even with all of the FUD in the air.
Technicals:
-Last move went a bit past the 78.6% fib retracement. There is a chance that it could bleed out more and even retrace fully, however, in my opinion I think anything under 500K is a buy.
-Fib extension from last move puts us at ~ 920K which is a point that has had a lot of clicks before if you look at the chart historically. I believe it's a safe bet that we will pass this point, however, let's not get too greedy. A 100% move is double your money. If you want to hold longer remember to always set your stop losses and lock in those profits!
-We are en route to cracking the 1H Ichimoku cloud - All we need is a bit more strength/volume to flow in and we will shoot right out of the cloud.
Note: As traders we can not be right 100% of the time. Understand that there will be times where analysis doesn't stick and you will LOSE. This is apart of the game. Gamblers get into gambling to risk it all and try to get rich. Traders go into trading so they can survive to play again tomorrow. Please trade at your own risk!
I JUST SOLD 100 NEO! HERE'S WHY #NEO #ANS #AntsharesThis thing has been such a disappointment the last few weeks. Since its finally at reasonable cosolidation - I wanted to jump out the water before the next wave of depression comes. The 77 just broke down under the 231 - this is a long term momentum swing that the 21 and 7 can not overcome. Look to buy back in once we hit the highlighted areas.
And that is how you chart LIKE A BOSS!!!
Peace & Love -
BK