A possible aggressive long entry due to Fib level and MA confluence within pennant. These may (as well as the preceding bullish impulse) allow a peaceful long entry before a bullish breakout to next Fib level
Hi, Traders ! Monfex is on the air !
NEO looks like a very attractive Buy in a mid-term horizon.
* NEO is the 18th largest digital asset with the current market value of 766 million and an average daily trading volume of $440 million.
* NEO spiked at almost $13.40 on 28/10 and then noticeably retreated to as low as $10 level.
* After that, the coin has been...
The similarity of the fractal sequences in the analysis is given by the same percentage of the initial rise. Although I have written about this many times, I repeat that comparing the percentage is because the vertical scale is logarithmic. So the rule is to measure the percentage of displacements. For linear scale division, vertical measurement is done with...
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 Action...
Trade Idea - We look to Buy at 9.9650
Broken out of the wedge formation to the upside.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
After strong buying pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the upper half...
Hello, Traders!
Monfex is at your service and today we overview NEO/USD.
There is a big bearish divergence that can pull the price to the red horizontal support line.
But there are also two bullish divergences, which are stronger with this trend movement.
Watch our previous signals by NEO/USD and NEO/BTC below!
The support zone ~$10.36
Active Trade Signal by...
Hello, Traders!
Monfex is at your service and today we overview NEO/USD.
NEO broke the triangle and has already tested the ex-support of this triangle and it's near the resistance zone and MA200. There is a downward movement globally, the bears control a situation. Stoch RSI has a bearish div and going down to oversold zone.
The local support ~ $ 7.30
The great...
Hi, dear Traders!
Monfex is at your service and today we overview NEO/USD.
We obviously see the triangle formation which locally is in the bearish trend. Breakout of the triangle's support or resistance lines will be first sign for some actions(buy or sell), but for a more confidence we need to act by breakout the key levels.
The great volumes that are also like...
To the left of the analysis is the 2.2 RR trading. To the right is theory. The current entry point is the intersection of the MA100,200. This is a very strong level. The target price is the 50% ATR axis of the exchange rate movement, which started at a similar level.
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 and...
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 rises more, this line can act as a dynamic support against more gains.
. Relative strength index (RSI) is 78.
New trading suggestion:
*The price is in a range bound and we forecast the...
According to my previous analysis, the exchange rate is moving. I have no reason to change. But what I see is a target price. The exchange rate passed through the 16.99 usd, which was the primary target price. Therefore, I am now looking forward to a further rise from this level, which can now be present as a correction level. Target price 24,03USD.
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...
The exchange went into a rising channel. It is characterized by the axis connecting the rising peaks and the rising ATR axis. Within this, a second wave of a dual waves system can be deployed. If the analysis is correct, another rising wave may develop. The target price is 15.27 usd.
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