NEOBTC trade ideas
NEO.BTC (Y20.P3.E1).Compression for a breakoutHi All,
NEO macro chart shows a compression formation ready to break out to the upside, very similar to ETH.BTC.
How to trade this?
Maybe wait for it to break the main trend line resistance and\or the fib. level 0.382 level, before jumping in.
4 HRLY chart
Please give a tick or like for this post.
Cheers,
S.Sari
NEOBTC broke a daily structure 🦐NEOBTC broke a daily structure, we are waiting for a retest or a daily close.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question .
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NEO/BTC: Weekly Change - Descending Channel breakoutNEO/BTC: Weekly Chart
+ Change in Market Stucture ie. HL (waiting on HH to confirm)
+ Waiting on break of Descending Channel
+ Establishing new trend
+ Expecting re-test of channel / trend (better entry RRR)
+ Price being squeezed. Breakout required
NEO/BTC (Retest Previous Weekly Support)NEO/BTC
-rejected at the downward trendline
-will likely retest the previous support at 1000 sat
-if that support will hold it will be a good buy zone
-you can also buy the break of the trendline
-the upside potential is up to 1600 sats
NEOBTC 1D long setup after retracement of impulseTA explained
NEOBTC just finished a pullback after an impulse. Pullback came down to the previous resistance zone which is now turned and confirmed as support. On both the Daily as well as the 4H TF you can see a nice touch of support area and a bounce. This support area aligns with the 0.618 fib level which is an very important level.
4H TF bounce on support:
First target is at the previous top and second and third targets align with the extended fib levels of the pullback. SL is below the 0.786 fib level of the impulse and way below the support area so should give enough space to breath.
This pair can be traded in margin with up to 4x leverage for this setup.
Trade setup
Best entries: 0.001180 - 0.001210
TP1: 0.001303
TP2: 0.001356
TP3: 0.001413
SL: 0.001116
RR: 2.38
Max leverage: 4x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
NEO Testing Weekly Res-Range - Uptrend Confirmed if Price HoldsShort - Medium Term Analysis
Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone.
If blocked, a dip wouldnt be unlikely on NEOBTC from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats
Any bounce up from these zones will retest its weekly resistance around .00124 satoshi.
Overall, NEO looks like its possibly in the beginning of a potential uptrend for its high frames, and
a macro bull trend would be confirmed with a HH prior to a LL
Neo on Standstill Neo is still on the bearish trend trading below the 200 and 7days MA both on the 4Hour & Daily Time frame. low price action activity,the bears are really in control here
NEO wake up OLD BIG BOY!He did it recently to over 1300 satoshi.
Looks like great time to buy. NEO 3.0 comming soon.
Time to wake up from the LONG WINTER sleep and with EOS (lets hope) again rise from the ashes.
Lets do it people!
NEOPrice is respecting the Fib levels. See how it has hit each level marked with blue arrow and pulled back? .618 is next will probably have a small pullback and then onwards to .786
DYOR
NEO - correction is done, buying opportunityHi everyone
We can see that NEO is currently trading at the strong support that was previously a strong resistance and I think it will hold.
If you look at the blue line I drew, we can see that NEO pumped really nicely, and then a perfect correction occurred, a retest on the strong support and i'm pretty sure neo will bounce off this support line.
NEO 3.0 mainnet is nowhere near now, so there is no FA at the moment. I would suggest setting a S/L.
Best of luck!
Nice buy opportunity for NEOPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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- NEO has broken the support level that held since December 2019 (yellow bar)
- Ascending channel with bullish momentum, setting higher highs and higher lows.
- Fell below the 200 MA and is now touching the bottom of the channel.
- If we see a bullish close on the daily and a bullish follow up tomorrow, the path is clear towards 1292 sats.
SL is set at a 2% drop. R/R ratio = 5.24.
#NEO - Important Levels to Watch!The price has formed a descending channel: good enough for the bulls. The setup and levels are actual, still good to buy.
NeoPapertrading: Normally I would not buy this
in the range of the weekly + at daily sup/res but Neo gets supported by the EMA's which
is an advantage. One to watch
NEO/BTC MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
