There is a possibility for the beginning of an uptrend in NEOETH
There is a possibility for the beginning of an uptrend in NEOETH
Technical analysis:
. NEO/ETHEREUMN 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 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0660 to 0.0603). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0660)
Ending of entry zone (0.0603)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0738
TP2= @ 0.0807
TP3= @ 0.0876
TP4= @ 0.0968
TP5= @ 0.1096
TP6= @ 0.1226
TP7= @ 0.1645
TP8= Free
Technical analysis:
. NEO/ETHEREUMN 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 43.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0660 to 0.0603). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0660)
Ending of entry zone (0.0603)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0738
TP2= @ 0.0807
TP3= @ 0.0876
TP4= @ 0.0968
TP5= @ 0.1096
TP6= @ 0.1226
TP7= @ 0.1645
TP8= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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