NEO continues to look weak after hitting highs of $20 a few ago but that is all forgotten now that we are staring at a possible $17 handle again. It has constantly found resistance at the EMAs and they finally did crossover, which saw a big spike down in price a few days ago following BTCs drop. It did break the demand zone, which has now turned into resistance...
Buy - $18.60 Take Profit - $54.60 Stop Loss - $15.60 ------------------------------ Target= +$36 Risk= -$3 ------------------------------ Risk:Profit = 1:12
Neo bounced nicely off the 50%FIB level back on the breakdown from the channel and has since bounce off the demand zone and is trying to make its move back up to the supply zone around the 1.618%FIB at $19.50. There is a resistance spot around $19 before getting up to the supply zone but RSI looks like it could be coming down after getting near resistance. While...
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 45. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of...
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 45. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of...
Technical analysis: . NEO/DOLLAR 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 36. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . NEO/DOLLAR 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 36. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
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 45. Trading suggestion: . Price is in the support zone (0.1860 to 0.1380), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
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 45. Trading suggestion: . Price is in the support zone (0.1860 to 0.1380), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
Technical analysis: . NEO/DOLLAR is in a downtrend but 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. . The RSI downtrend #1 & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have already...
Technical analysis: . NEO/DOLLAR is in a downtrend but 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. . The RSI downtrend #1 & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have already...
Technical analysis: .NEO/DOLLAR is in a Range Bound and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 39. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (60.00 to 44.00). if so, traders can set orders based on...
Technical analysis: .NEO/DOLLAR is in a Range Bound and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 39. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (60.00 to 44.00). if so, traders can set orders based on...
Technical analysis: .NEO / DOLLAR is in a range bound But resumption of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 47. Trading suggestion: There is possibility of temporary retracement to suggested support zone (85 to 53), if so, traders can set orders based on Price Action and expect to...
NEO /DOLLAR NEOUSD Excellent scalping opportunity approaching in Neo. It has never in its history created a green candle that has not been contested. That doesn't mean that it HAs to be contested, just that it's 90%. Hang a sell order out at 37 with a stop just over 40 to avoid getting hit. it will almost definitely come back to 32.55 at least and quite likely...