ForecastCity
Long

There is a possibility for the beginning of an uptrend in NEOUSD

BITTREX:NEOUSD   NEO / U.S. Dollar
Technical analysis:
. Neo/Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (8.50000000 to 6.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (8.50000000)
Ending of entry zone (6.50000000)

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 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= @ 10.80000000
TP2= @ 14.27000000
TP3= @ 17.65000000
TP4= @ 20.75000000
TP5= @ 24.99500000
TP6= @ 31.86500000
TP7= @ 43.90000000
TP8= @ 68.98000000
TP9= @ 93.13500000
TP10= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
I agree with you that Neo/Dollar is in a range bound and the beginning of uptrend should be expected.
+1 Reply
@fxniki, Thanks for sharing your point of view.
Reply
great analysis man, that's exactly what I'm anticipating
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks . we wish you bests.
+1 Reply
Thoughtful analysis, well done!
+3 Reply
ForecastCity Alexander_007
@Alexander_007, Thank you for your comment. and wish you bests.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out