In the early hours, the price surged from $48.37 approaching $50 and beyond for today's new high. Coming across setbacks again, NEO failed to rally further from this point, sails at $4747.5. Moving out from the ascending channel, looks like there are more chances for a downtrend. However, if the momentum resumes, then it might set back to $49. RSI drips at $27,...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in an uptrend and it is expected to continue.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at...
hi folks
I was doing technical analysis for NEO and found that it getting increasing trading volume plus its down about 90% from it's all-time high and main thing this time ETH is already near to its all-time high I decided to put my all ETH into NEO because another fact is that Neo3 is near!
Third Chance Trade Setup summary:
Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%}
Stop Loss =24%
Reward/Risk > 8.4 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (23.0500) again.
if so, traders can set orders based on Price Action and expect to reach short-term...
Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9.59874). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Technical analysis:
. NEO/Dollar is in a range bound 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.5 to 6.5). if so, traders can set orders based on Price Action and expect...
Technical analysis:
. Neo/Dollar is in a range bound 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 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price...
Technical analysis:
. Neo/Dollar 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 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (10.3100 to 8.4295). if so, traders can set orders based on Price Action...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 78.
New trading suggestion:
*There is still a possibility of temporary...
Technical analysis:
. NEO/Dollar is in a range bound 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 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and...
Technical analysis:
. NEO/Dollar is in a range bound 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 53.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and...
Technical analysis:
. NEO/Dollar is in a range bound 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and...
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