Neosell
NEOUSD: Possible Long (11.10.2020)On D1, the price touched the lower border of the ascending channel on a logarithmic scale. The RSI has almost reached an oversold level near the 50% Fibonacci level.
On H4, the price broke through the border of the descending channel upwards, and divergence was formed between the price and the RSI. Also, the first impulse movement towards the NEO price increase is visually visible.
We recommend buying NEO to keep the position above 26.
NEOUSD: Analysis using Ichimoku 30/06/2020H4
On D1, the cloud is directing downward, indicating a downtrend.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought on H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level at the local price correction.
NEOUSD: Analysis using Ichimoku 19/06/2020H4
At D1, the Ichimoku cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4 and selling when the RSI reaches the overbought.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
We recommend buying because the price went beyond the downtrend at H4, while the RSI on the H1 has reached the level of oversold.
We also recommend selling when the RSI reaches the overbought level on the H1 and H4.
Good luck!
