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Long
Updated

Potential entry point in NEXO/ETH

151
I've tried to chart this as simple as possible.

Weekly:
  • Holding support level
  • Seems like a pullback from strong ascending weekly trend
  • MACD positive turning down
  • HIgh OBV


Daily:
  • High OBV
  • Stochastic RSI in oversold zone
  • SMA 50 above SMA 200 positive signal


12H:
  • Holding SMA 200


4H:
  • Stochastic RSI turning overbought
  • Trades within a describe range



OUTCOME:

With a RR of 1.84 a potential profit of 7.7%
Note
Weekly: Orange
Daily: Green
4H: Fiusca/Purple
Note
A better scale of the chart

snapshot
Note
And it's gone ...

snapshot
hrsal
Also on:
ETHTechnical IndicatorsnexoTrend Analysis

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.
ETHTechnical IndicatorsnexoTrend Analysis
hrsal
Also on:

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.