ForecastCity
Long

There is a possibility for the beginning of an uptrend in NEOUSD

BITTREX:NEOUSD   NEO / U.S. Dollar
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 to reach short-term targets.

Beginning of entry zone (8.5)
Ending of entry zone (6.5)

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= @ 10.80
TP2= @ 14.27
TP3= @ 17.65
TP4= @ 20.75
TP5= @ 24.99
TP6= @ 31.86
TP7= @ 43.90
TP8= @ 68.98
TP9= @ 93.13
TP10= Free
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Comments

Nice chart and TA. I agree with your idea.
+2 Reply
@fxniki, Thanks for sharing your point of view about our idea. wish you bests
+2 Reply
Great analysis, keep up the great work!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, thanks. Sure we will keep up.
Reply
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