A trading opportunity to buy in NEOETHTechnical analysis:
. NEO/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.050000 to 0.047600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.050000)
Ending of entry zone (0.047600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.055200
TP2= @ 0.059000
TP3= @ 0.065000
TP4= @ 0.070000
TP5= @ 0.077300
TP6= @ 0.084000
TP7= @ 0.097000
TP8= @ 0.110000
TP9= @ 0.140000
TP10= Free
Neoethereum
There is a possibility for the beginning of an uptrend in NEOETHTechnical analysis:
. NEO/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0590 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0590)
Ending of entry zone (0.0550)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.065600
TP2= @ 0.072300
TP3= @ 0.077300
TP4= @ 0.083600
TP5= @ 0.091500
TP6= @ 0.105100
TP7= @ 0.118700
TP8= @ 0.138100
TP9= @ 0.162700
TP10= Free
There is a possibility for the beginning of an uptrend in NEOETHTechnical analysis:
. NEO/ETHEREUM is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0603 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0603)
Ending of entry zone (0.0550)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0660
TP2= @ 0.0738
TP3= @ 0.0807
TP4= @ 0.0876
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
