Neo- Towards 75 resistance zone?October was a month of range trading for Neo, with the price trading between 37 zone support and 47 zone resistance.
At this point, the coin is building up momentum for a break and a close above resistance should accelerate gains towards the 75usd zone
On the other hand, a drop under 37 would be bearish and can lead to a new local low around 20usd.
I'm bullish on this coin and I will look to buy for a trade with a good R:R
Neousdtanalysis
NEOUSDT signalHello friends.
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Everything on the chart.
open pos: market
target: 42 and 43
after first target reached move ur stop to breakeven
stop: ~38.3 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
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NEOUSDT it must break through the resistance 63.22-66.76To be sure of getting a return on their investment, buyers should wait until the market has broken the resistance at 63.22 - 66.76. Once the resistance is broken, then there are no barriers and nothing to hold it back, only one way and that is towards the sky, I even believe that Neo will reach 114usd by 2021.
24h Volume: $504,090,448 and the Mkt Cap: $3,880,470,592 it is about 10% which means that there is a lot of demand for the coin. and will eventually mean that the price will rise significantly.
Previous analysis:
NEO 12h Where is it better to buy in long?We lost sight of NEOUSDT, it turns out that the last time we published the idea was 2.5 months ago.
But the previous idea worked very well , exceeding our goals. A maximum of $141
And then there was a fall, clearly on levels, look at the preliminary idea, and you will see everything for yourself.
On the recent fall, the $28 level received the status of a strong mirror level, since it previously served as a strong resistance, and now coped with the role of support.
For the next few days, it is necessary that the level of $28 once again adequately withstands the blow from above and an aggressive buyout of buyers begins. In this case, we can safely expect the NEO price to rise to $60 , to begin with.
If the level of $28 does not withstand the pressure of sellers, then the price NEOUSD will drop below, and then long positions will take from $20 and above.
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Neousdt - Seems Formed A Double Top Pattern Hi to all traders!
If you check the 8-hour timeframe. You can see double top pattern more clearly
Unfortunately i can not share 8-hour timeframe
The chart is clear enough and well explanatory.
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The Information Provided Is Not Trading Advice But An Informative Analysis Of The Price Movement.