NEO possible reversal

מעודכן

At this point we are near to a reversal for Neo.

1- Daily MA100 could act as a strong support
2- If daily MA100 fails, watch for historical uptrend.

Also daily MACD crossing and turning bullish

הערה

possible reversal area for Neo.

- 61.8 fib retr.
- RSI bounced
- Macd divergance

הערה

As forecast Neo is reversing.

Looking at the daily chart.

- MA100 acting as support.
- MACD corssed bullish
- Downtrend broken

Last resistance at 22.75

הערה

Eyes on 4h - MA100.

After price breaking downtrend and daily MACD crossing we must zoom in at 4hr time frame.

At this point we need to break with volume MA100 to start new uptrend and possibly retest ATH.

MA100 is a strong resistance and price failed many times as we can see.

הערה

Update #3

Neo has passed 4hr MA100 confirming a new uptrend movement.

As written in the past days the indicators that suggested us a probable reversal are:

- Daily MACD crossing
- RSI and MACD Hidden bullish divergence
- Downtrend broken

At this point we must look at the 22 usd resistance.
It is possible that we retest MA100 and new uptrend support

הערה

Update #4. Bulls are back.

Target n. 1 : 30usd

הערה

target 1: 30usd

market will need to get through daily MA50...

הערה

Update #5. Target hit. 30usd.

As expected market has hit our 1st target.

הערה

IF we BACA (break above close above) 30 usd

New targets will be
- target 2: 38usd
- target 3: 50usd

הערה

30usd from resistance to support to continue the bull run.

הערה

As per forecast NEO approaching 2nd target.

הערה

2nd target hit

הערה

Neo where you going?

After hitting target 2: 38usd

we can see a bearish divergence.

Expecting a correction and reversal at MA50, 26usd or MA100 before new bullish move to 47usd

הערה

Neo possible reversal areas 26usd (4hr - MA100) and 22 usd ( daily - MA100)

הערה

NEO consolidating above 1hr - MA100

MACD bullish divergence

Most likely we are ready for a new bull leg

הערה

we are bouncing from trend support and back above daily MA50.
If support fails buy must be set at level of daily MA100

הערה

NEO after hitting our target of 38 usd has been correcting.

NOW we are approaching to daily MA100 as possible reversal level

Next target is 50usd

הערה

All is set for next pump

הערה

As i have been anticipating the past days, NEO is ready for a new upward movement.

Market has been consolidating above daily MA50 and is ready for the big move, breaking MA100,

target is 48.45 usd

הערה

Huge support daily MA100 as expected.

MACD turning bullish again

Correction seems completed after hitting our first target 38usd.

Market eyes new target

IamCryptoWolf

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