ForecastCity
Long

A trading opportunity to buy in NEOBTC

BINANCE:NEOBTC   NEO / Bitcoin
Technical analysis:
. NEO/BITCOIN is in a downtrend 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 30.
. There is a valid and clear divergence in the price chart so the probability of the beginning of uptrend is increased.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. Price is in the support zone (0.00390 to 0.00310), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.00390)
Ending of entry zone (0.00310)

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= @ 0.00470
TP2= @ 0.00560
TP3= @ 0.00640
TP4= @ 0.00740
TP5= @ 0.00944
TP6= @ 0.01110
TP7= @ 0.01200
TP8= @ 0.01400
TP9= @ 0.01520
TP10= Free
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