NEOUSD. Buy Zones and Short Goals. And Structure
the trend is bearish. You can see my disassembly of the structure of the NEO. At this point, you should be careful. We have a bullish divergence of the higher order and a strong oversold of the same order in favour of longs. From the point of view of my analysis, use limit orders in 2 zones. In the 2nd area he'll definitely rebound, as there is a strong volume profile. Also buy after the breakout and consolidation of the 4H candle outside of the channel. This will mark a change of trend. Also use my levels to hold short positions and enter long ones. So you have a chance to enter at the beginning of the trend. And of course, follow the risks
Neousdtlong
Long Term Uptrend Signal on NEONEO gave a green 2 according to Tom Demark count on the weekly chart. This is a clear long signal for a long term trade. We can have up to 7 weeks of uptrend according to Tom Demark.
Stoch RSI is oversold which also confirms the possible bull trend.
On the daily chart it is green 4 with a overbought Stoch RSI. This means short term retracements are possible. I expect the price to rise significantly on long term (up to 7 weeks).
Here is my trading idea:
Long at: 0.008962
Take profit1: 0.009978 (fib. 0.5)
Take profit2: 0.0010752 (fib 0.618)
Stop loss: 0.008348
NEO-USD - descending triangle.My vision - descending triangle. I expect growth because the is oversold on STOCH-RSI. But it is triangle - bilateral pattern