Hi everyone, since this mounth 05/01 i decided to be more alive at TV community, so i'l have the compromise of posting good trade ideas every week, of course when it happens, remember that sometimes u might stay out of the market and wait until good opportunities.
I've done some trade analysis (TA) courses and i'm studying economy on university, so i'll share a little bit of my knowledge for all TV users that want to improve their profits. Hope u enjoy it,
so let's stop talking and so some analysis.
NEO has ended an downtred channel (red lines) at $56.35 when it brokes the line (green circle),after that it envolver into a uptrend channel that is a channel with more tops and funds going taller (white lines) what give us good entry signs, cause the theory says that the price goes up and down thro a channel (theory of down - if u don't know i recommend go read about it) considering that NEO is at an uptrend channel at the bottom of the fund what give us an target on $102.45 (green dotted line) which also should be your close position.
Another importanct fact is that ALTcoins follow BTC oscilation, considering that BTC is in front of a big $9.700 resistance, that is beeing crossed with great volume up to $10.000+ it makes us believe that the ALTcoins will have space to go find upper prices
ADX/DI - This indicator still neutral, not so good or bad, what makes we a little bit worry but RSI and MACD give us bullish signs
RSI - At 49.50 points, it gives us space to NEO go up until $102.00, cause the overbought zone (more than 70) are so far
MACD/Histogram - This are the only who gives us bearish sign, both lines going down and histogram going also down, but in my opinion the uptrend channel and RSI makes me feel bullish about NEO
So that's my analysis about NEO
I operate 100% on cryptocurrencies, so if you want to stay noticed about crypto graphics and analysis
follow me that i'll try always to give great analysis signs
Thank you and go find good trades opportunities!
I've done some trade analysis (TA) courses and i'm studying economy on university, so i'll share a little bit of my knowledge for all TV users that want to improve their profits. Hope u enjoy it,
so let's stop talking and so some analysis.
NEO has ended an downtred channel (red lines) at $56.35 when it brokes the line (green circle),after that it envolver into a uptrend channel that is a channel with more tops and funds going taller (white lines) what give us good entry signs, cause the theory says that the price goes up and down thro a channel (theory of down - if u don't know i recommend go read about it) considering that NEO is at an uptrend channel at the bottom of the fund what give us an target on $102.45 (green dotted line) which also should be your close position.
Another importanct fact is that ALTcoins follow BTC oscilation, considering that BTC is in front of a big $9.700 resistance, that is beeing crossed with great volume up to $10.000+ it makes us believe that the ALTcoins will have space to go find upper prices
ADX/DI - This indicator still neutral, not so good or bad, what makes we a little bit worry but RSI and MACD give us bullish signs
RSI - At 49.50 points, it gives us space to NEO go up until $102.00, cause the overbought zone (more than 70) are so far
MACD/Histogram - This are the only who gives us bearish sign, both lines going down and histogram going also down, but in my opinion the uptrend channel and RSI makes me feel bullish about NEO
So that's my analysis about NEO
I operate 100% on cryptocurrencies, so if you want to stay noticed about crypto graphics and analysis
follow me that i'll try always to give great analysis signs
Thank you and go find good trades opportunities!