sha1ey
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NEO/USDT Bearish Signal ‼️⚠️‼️⚠️‼️⚠️
Technical Analysis Predicting a Drop in NEO/USDT from $16.05
Background Overview:NEO, often dubbed the "Chinese Ethereum," has seen its fair share of ups and downs. At the current price point of $16.05, technical indicators are showing signs that might herald a bearish scenario for NEO against USDT.
Current Market Position:
Price Levels: NEO/USDT has touched $16.05, facing resistance and showing signs of potential exhaustion in the bullish run.
Volume: There's a noticeable decrease in trading volume at this level, which could imply a lack of confidence in further upward movement, often a precursor to price corrections.
Key Technical Indicators:
Moving Averages (MA): Although NEO is above the 200-day MA, it's closely approaching a bearish crossover with the 50-day MA, hinting at weakening bullish momentum. If this crossover happens, it could signal the start of a bearish trend.
Relative Strength Index (RSI): With an RSI around 65, NEO isn't in overbought territory yet, but there's a clear divergence where the price is making higher highs while the RSI isn't, suggesting momentum is fading.
MACD (Moving Average Convergence Divergence): The MACD line is showing signs of a bearish crossover with the signal line, and the histogram is contracting, indicating diminishing upward momentum. This could lead to a MACD sell signal soon.
Support and Resistance: The current price of $16.05 is nearing what could be seen as a significant resistance point. If NEO fails to break through, we might see a retreat to the support at around $15.50 or even lower to $14.00 if the support gives way.
Chart Patterns: The price action recently resembles a double top or a potential head and shoulders pattern, both bearish reversal patterns. If confirmed, these could push NEO back down.
Disclaimer: Always perform your own due diligence before making any investment decisions.
Technical Analysis Predicting a Drop in NEO/USDT from $16.05
Background Overview:NEO, often dubbed the "Chinese Ethereum," has seen its fair share of ups and downs. At the current price point of $16.05, technical indicators are showing signs that might herald a bearish scenario for NEO against USDT.
Current Market Position:
Price Levels: NEO/USDT has touched $16.05, facing resistance and showing signs of potential exhaustion in the bullish run.
Volume: There's a noticeable decrease in trading volume at this level, which could imply a lack of confidence in further upward movement, often a precursor to price corrections.
Key Technical Indicators:
Moving Averages (MA): Although NEO is above the 200-day MA, it's closely approaching a bearish crossover with the 50-day MA, hinting at weakening bullish momentum. If this crossover happens, it could signal the start of a bearish trend.
Relative Strength Index (RSI): With an RSI around 65, NEO isn't in overbought territory yet, but there's a clear divergence where the price is making higher highs while the RSI isn't, suggesting momentum is fading.
MACD (Moving Average Convergence Divergence): The MACD line is showing signs of a bearish crossover with the signal line, and the histogram is contracting, indicating diminishing upward momentum. This could lead to a MACD sell signal soon.
Support and Resistance: The current price of $16.05 is nearing what could be seen as a significant resistance point. If NEO fails to break through, we might see a retreat to the support at around $15.50 or even lower to $14.00 if the support gives way.
Chart Patterns: The price action recently resembles a double top or a potential head and shoulders pattern, both bearish reversal patterns. If confirmed, these could push NEO back down.
Disclaimer: Always perform your own due diligence before making any investment decisions.
Words of wisdom 😌
As a trader, remember: Patience is your ally, emotions are your enemy. The market moves at its own pace, not ours. Rushing into trades or reacting with fear or greed often leads to losses. Stay calm, stick to your strategy, and let time work in your favor. In trading, the most successful moments often come from the quiet patience of waiting for the right opportunity, not from the impulsive rush to act.
#TradingWisdom #PatiencePays
As a trader, remember: Patience is your ally, emotions are your enemy. The market moves at its own pace, not ours. Rushing into trades or reacting with fear or greed often leads to losses. Stay calm, stick to your strategy, and let time work in your favor. In trading, the most successful moments often come from the quiet patience of waiting for the right opportunity, not from the impulsive rush to act.
#TradingWisdom #PatiencePays
I have lost hard the last two days and I can't think properly, should I hold or wait BTC? I'm going to go to sleep and want to know what to do.
Hold or close?
Hold or close 😥
I've been holding for more than 9+ hours and I'm tired and stressed.
Price went down below 110 to 109. sth and made $50 profits but the trading and closing fee is around $15 so I held on.... now I'm close to hitting -$100 💔 I don't know if I can sleep today 😭
Price went down below 110 to 109. sth and made $50 profits but the trading and closing fee is around $15 so I held on.... now I'm close to hitting -$100 💔 I don't know if I can sleep today 😭
My 3 day futures winning streak have been shattered by one spot trade on BIO 😭
I've lost more than I've made.
New listings are terrible sometimes 💔
I've lost more than I've made.
New listings are terrible sometimes 💔
This is stressful 😥 I thought we were about to experience a BTC pull back fown to 90k?
😭😭😭
😭😭😭
PEPE wrecked me yesterday 😥 I'd say close the position once you break even 👍
#Pepe hold or close
PEPE wrecked me yesterday 😥
#Pepe hold or close
Awesome, profit is profit ✌️
I closed at +$10, but I’m waiting for it to go 0.63 again to enter short
A bunch of non-sense words put together
$XRP Holders! Did You Notice $BTC has Broken 92k Support and Now Going To Retest 95.5K. If It Fails Then It will take a Feast of 88K, 85K Instantly. Then What will Happen to XRP it will be 30% Down! Make Sure The whales and Big Players only Buy the Dump and Sell on High. Read My Existing Post With Elephant Trunk Drop Down Pattern ! XRP Will also follow the Same Behavior ! Be Updated & Prepared ! The Bears are Dominant Now ! Sell Your XRP before dump!
Right now you're around +$4.52. Did you close or hold?
So far soo good! Should I close or wait for more dump?
Hey everyone, here's what I am planning to do soon. I am expecting BTC to pull back to 92k, so that's when I'll buy long with 35x leverage. I'll set a take profit at 95.5k.
The ROI is +133.15%
Let's print MONEY 🤑🤑🤑
The ROI is +133.15%
Let's print MONEY 🤑🤑🤑
I know bro, I was just eager to close it on 96k
learn to put positive stop loose or break even on youtube
From Profits to loss in 4 hours! Before the profit I was -$36 in loss then back to +$41.98 profits and now back to -$16.91 loss.
No sleep today I guess 🤦♂️
No sleep today I guess 🤦♂️
It's a tough one 😥
$SXP , I can’t sleep . What do you think? Should I keep holding?
It will pump, earlier today it was around 91k, pumped to 95k a few hours ago. Hold on tight ✌️
Btc will pump or dump
Hold tight or even buy more longs
Market Dips: Sell or Hold? 🤔📉
Caught in a losing position during a market dip? 💸 What’s your strategy?
👉 Do you sell and minimize your losses, or hold tight until you break even or turn a profit? 💡
We’d love to hear your thoughts! 💬
❤️ Like if you’re navigating the market today, and hit Follow for more trading discussions! 🚀
Caught in a losing position during a market dip? 💸 What’s your strategy?
👉 Do you sell and minimize your losses, or hold tight until you break even or turn a profit? 💡
We’d love to hear your thoughts! 💬
❤️ Like if you’re navigating the market today, and hit Follow for more trading discussions! 🚀