ForecastCity

Two buy opportunities on this chart for NEOBTC

Long
BINANCE:NEOBTC   NEO / Bitcoin
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00173).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NEOBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 0.00199
TP2= @ 0.00213
TP3= @ 0.00232
TP4= @ 0.00252
TP5= @ 0.00274

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00180).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NEOBTC 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 73.

Take Profits:
TP1= @ 0.00199
TP2= @ 0.00205
TP3= @ 0.00228
TP4= @ 0.00245
TP5= @ 0.00273

SL= Break below S2

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ForecastCity English Support Team ❤️
Trade active: Short-Term Forecast Update

106 pips profit...
Total Profit: 106
Closed trade(s): 86 Profit
Open trade(s): 20 Profit


Update Details:

Closed Profit:
TP1 @ 0.00199 touched at 09.17.2020 with 17 Profit.
TP2 @ 0.00205 touched at 09.17.2020 with 23 Profit.
TP3 @ 0.00228 touched at 09.18.2020 with 46 Profit.
17 + 23 + 46 = 86

Open Profit:
Profit for one trade is 0.00192(current price) - 0.00182(open price) = 10
2 trade(s) still open, therefore total profit for open trade(s) is 10 x 2 = 20
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.00252
TP5= @ 0.00274
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Comments

Looking good
+2 Reply
ForecastCity Jamgideon
@Jamgideon, Thanks!
+1 Reply
ForecastCity Jamgideon
@Jamgideon, We hope you enjoy it.
+1 Reply
A bunch of useful information.
+2 Reply
ForecastCity Kristalyn
@Kristalyn, Thank you for your comment.
+1 Reply
Kristalyn ForecastCity
@ForecastCity, I'm a little hesitant do you think I can act confident?
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Hesitation is a constant companion of traders.
+1 Reply
ForecastCity Kristalyn
@Kristalyn, But according to the chart, you can see the point of confidence.
+1 Reply
Kristalyn ForecastCity
@ForecastCity, I see
+1 Reply
ForecastCity Kristalyn
@Kristalyn, We wish you good luck with your trades.
+1 Reply
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