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NEO / TetherUS

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NEOUSDT trade ideas

NEOUSDT is testing the supply area inside a rising wedgeNEOUSDT is a digital asset that recently formed a Double Bottom pattern near the $6 area, and it caused a breakout from a downward trend in its price movement. A Descending Channel is a technical analysis pattern in which the price of an asset moves between two downward-sloping trend lines, creating a series of lower highs and lower lows. Currently, the price of NEOUSDT is testing a resistance level near $8.5, where the market is forming a Rising Wedge pattern on the 4-hour time frame. A Rising Wedge is a bearish chart pattern that forms when two upward-sloping trend lines are converging, signaling a potential price decrease as the momentum of the asset's rise weakens. This breakout would trigger a new retracement, or a temporary reversal in the trend of the asset's price, according to the rules being followed. The market will closely monitor the price action at the support level for a potential breakout, which could potentially lead to further price decreases, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
2
RLinda ! NEOUSDT-> The bulls are breaking through NEOUSDT opens the potential for a move up to 20.00, a global medium-term target. Consolidation before the breakout works great and we see a breakout pattern The price passes a strong resistance and now the coin is already in the long zone. On the background of fundamental factors bitcoin pulls up almost the entire cryptocurrency market, I think that the trend in the medium term will continue. I expect the price to fix above the level of 8.44 and above the previously broken border of the descending wedge to continue growth. Short-term target - resistance 10.13, medium-term target - 12.65 Regards, R.Linda!
by RLinda
13
NEOUSDT still bearishNEOUSDT looks very similar to BCHUSDT chart. Actually many dino coins from 2017 looks like this. As the bear market continues , the price can't break the downsloping resistance and it remains in the downtrend. We can see that the price created a deviation but right after that it came back down below the downsloping resistance trendline. We expect a huge dump before any significant bounce. If it happens NEO would reach close to $4 which are lows from March 2020. It also likely that we will see price lower than this if the bear market continues. Any bounce probably will be a short lifted and the price eventually will go down. On the chart you can see 2 possible scenarios how the price would drop towards $4. Good luck
Short
by vf_investment
2
NEO/USDT: Ranging into the lower flat channel BINANCE:NEOUSDT BINANCE:NEOUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEO is still moving into a ranged zone within $6.8 - $6.0; Based on the range formed here, I want to take a SHORT right below the current resistance zone take partial profits along the down till $5.5. Stop-Loss should be located a bit higher above the local high at $6.785 to avoid the possible deviation and stop-hunts above it... I'll trail my stop-loss once it reaches the Target1. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
NEOUSDT ABCDThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. Likes and comments if you have questions! 🍌 Thanks!
by UnknownUnicorn38199698