IbbyBenali

NEO is having a Head & Shoulders, ABCD & Double Tops on the Side

BITFINEX:NEOUSD   NEO/美元
I am waiting for the right time to buy NEO before it hits the bull run. It is currently still in a bearish trend and it gives us two signs for it too. Even three if you want to count the ABCD area as a double top!

So first of all, the H&S pattern already demonstrated a decline in value to us, as it dropped from 172 dollars to 97 dollars at its lowest. Even though it dropped massively, it did stay in its long-term trendline within the green area quite in a stable way. NEO has been swinging quite up and down in price, however, it remained within the green zone most of the time since the beginning of December without any extreme movements up until the 15th of January 2018...

Things were shaking baby! It was obviously overbought at 190 USD on the 15th of January and then it was pulled down again quite heavily to almost half its price.It tried to break through again, but it wasn't the right time yet. We now see two indications (of which the H&S I already discussed) that point to a continuing bearish trend . This is in line with most predictions of bitcoin as well, and since bitcoin is quite a bit of a market puller, we cannot expect yet that NEO will be untouched. We are getting a hint from the ABCD pattern to this as well. The CD line is at 1.021 and the AB line is at 0.643. Whilst these are not the exact correct proportions for a perfect ABCD , it does indicate another bearish trend scoring two times bearish in a row.

Now, as for the newest pattern we see a double tops emerging as well, indicating that we will be diving even further. I think we will be finding ourselves quite soon at around 80 USD in about 3-4 days, which seems to me as the perfect time to buy! I also do not think it will go any lower than this point, seeing that NEO is being used more and more and many ICOs will be launched this year on NEO . Perhaps the most important thing: the Chinese government seems to be taking quite a favorable stance towards NEO !

I will definitely be buying. NEO is already being oversold at this point, and the price seems to only get better! How about you?


Please note, I am also still a beginning technical analyst. Feedback is welcome.
Disclaimer: this is not investment advice.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出