After several days from this NEOBTC rally, there seems to be still opportunities to go long.
A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level.
Uptrend continuation seems to be confirmed with RSI and MACD (not shown).
Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50.
Market is not so far from ATH, but this trade could lead to a 15% profit / 5.6% loss on a R/R of 2.73.
Entry levels are shown on the chart
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
A symmetric continuation triangle has formed, and also a double bottom at the 0.0045 level.
Uptrend continuation seems to be confirmed with RSI and MACD (not shown).
Before placing and order, it would be less risky to wait for the cross of the MA20 over MA50.
Market is not so far from ATH, but this trade could lead to a 15% profit / 5.6% loss on a R/R of 2.73.
Entry levels are shown on the chart
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.