NEO/USD. R Trader
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Thread: NEO/USD. R Trader

  1. #1
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    NEO/USD. R Trader

    NEO/USD


    NEO (formerly known as Antshares) is a smart economy platform and the first Chinese blockchain project. The project was founded in 2014 and was real time open source on GitHub in June 2015. NEO coin and the platform aims to develop a "smart economy" with a distributed network by utilizing blockchain technology and digital identity to digitize assets, and automating the management of digital assets using smart contracts. NEO coin is currently traded on Bittrex, Cryptopia and Binance among other exchanges.

    This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.

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  2. #2
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    NEO/USD

    NEO is traded in the downtrend of the daily trend, at the moment the pair is supported in the $ 6.50 - 7.00 price area. If this level resists (will not be broken down),
    a correctional growth can be on the level of 50% by Fibonacci from the previous day's fall, the goal is $ 12.00.


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  3. #3
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    NEO/USD during trading last Thursday the currency failed to stabilize the highest area of $8.91 and landed towards the first support at $6.866 during the overnight trades. Noteworthy that, NEO/USD broke the upward trend line as a result of the bear pressure on it as the $7.49 area was broken.


    NEO/USD is traded in a downward direction under a sub-configuration supported by breaking the upward trend line and strengthened by breaking $7.94, and we recommend selling in case of breaking the $6.86 area.


    It is expected that, in case of broken level $6.86 may target the $3.38 area. While, in case of breach level $7.94 may target $9.32 levels.


    Support: 6.86 – 5.78 – 4.00.
    Resistance: 8.91 – 10.81 – 13.89.


    Direction: Bearish.

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  4. #4
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    Neo USD which was enmeshed in a range as at the start of the day has finally gotten its break out moment when it successfully closed below 8.00000 during the range, price has made one or two attempts to take out this level which were unsuccessful, with what has happened, price reached 7.40000, there is a possibility that this could dip even more because price has pieced through the Bollinger band indicator in the 30 minutes time frame which suggests downward volatility, so we keep selling.

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    NEO/USD during last Saturday's trades failed to penetrate the $7.95 area during re-testing as a result of weak bull torque thus landed towards 7.09 $ areas. During trades yesterday morning bounced from the $7.09 areas and continued to rise to areas $7.73. NEO/USD is traded in a downward direction under the sub-configuration this trend suffers from a significant vulnerability due to a defect in the current bearish trend base.
    It is expected that in the event of breaking the $7.31 level may target the $3.38 area target the classical symmetric triangle. On the other side in the case of the $8.25 level may target $9.34 levels.

    Support: 6.86 – 5.78 – 4.00.
    Resistance: 8.91 – 10.81 – 13.89.

    Direction: Bearish

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  6. #6
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    The current rate in this alternative crypto-currency versus USD trading pair is $7.38.


    First of all, we must understand that volumes involved in this trading are small and, therefore, the market can be easily manipulated. For instance, he cost of 1 NEO was 10 USD just a month ago. Now, it is just 7.38 USD. The 800 hours moving average depicts 8.0 USD and the price is below it. The critical resistance is at 7.1 USD. This may be a point to consider for buying NEO, but mind volatility, which is too high for alternative crypto-currencies.




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  7. #7
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    NEO USD bounced from 7.20000 and it is now trying to climb upwards, the bollinger band also acted as a dynamic support for it because we can observe that there is a pin bar from the point this rejection was made. Price would need to close above the 7.50000 region before the bulls are said to be completed in charge, anything below that level says we should sell.

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    NEO/USD during last week's trades failed to penetrate the $7.94 area and then landed towards the $7.08 areas during last Tuesday's trades and wore these levels up to 7.72 $ areas. As a result of the persistence of the series of weakness and the pressure of the bear on it the currency landed towards the areas of $6.70 during the trades yesterday


    NEO/USD is traded in a downward direction under a sub-configuration supported by broken neckline for a negative header and shoulders model, and the encrypted currency is currently re-testing these areas. In the event of a fracture of the $6.70 area, $4.23 areas may target a total negative head and shoulders.


    It is expected that in the event of breaking the $6.70 level may target the $3.38 area of the classical symmetric triangle. While, in case of breach level $8.25 may target $9.36 levels.


    Support: 6.86 – 5.78 – 4.00.
    Resistance: 8.91 – 10.81 – 13.89.


    Direction: Bearish.

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  9. #9
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    NEO penetrated the downward trend line during last Sunday's trades continued to rise to penetrate the $7.95 resistance zone continued to rise towards 8.46 $ areas. During the overnight trades the first night landed to re-test the $7.9455 area and the penetrating downward trend line.

    NEO/USD is traded in an upward direction in a secondary configuration supported by a downward trend line, and is currently retesting the penetrating downward trend line.
    It is expected that in case of broken level $6.70 may target the $6.96 area. On the other hand, in case of level $8.46 may target $9.34 levels.

    Support: 6.86 – 5.78 – 4.00.
    Resistance: 8.91 – 10.81 – 13.89.

    Direction:Bearish

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  10. #10
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    NEO during last week's trades it failed to stabilize higher $8.917 as a result of vendor pressure on it thus landed towards 7.94 $ areas. The coin bounced from $7.94 levels during trades last Monday and continued to rise to penetrate the downward trend line during Tuesday's trades, and then penetrated The 8.917 area as a result of the pressure of bulls.


    NEO is traded in an upward direction in a secondary configuration supported by a downward trend line. The currency is currently re-testing the $8.917 resistance zone. We recommend purchasing in case of positive price behaviour in these areas.


    It is expected that in case of broken level $8.60 may target the 7.90 $ area. While, in case of penetration to level $9.19 may target $10.81 levels.


    Support: 8.91 – 6.86 – 5.78.
    Resistance: 10.81 – 13.89-15.00.


    Direction: Upward

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