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NEO (NEO) - October 13

BITTREX:NEOUSD   None
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(NEOUSD 1W Chart) - Mid-Long-Term Perspective
Above the 23.66260578 point: the uptrend expected to continue


(1D chart)
I think the 23.66260578 point and the 37.84723159-50.22168635 section play an important role as the boundary between the uptrend and the downtrend.

If it rises in the 37.84723159-50.22168635 section, it is expected to create a new wave.

If it falls from the 23.66260578 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

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(NEOBTC 1W Chart) - Mid-Long-Term Perspective
If the price is maintained above the 0.001672 point, it is expected to create a new wave.


(1D chart)
We need to see if we can sustain the price by moving up to the 0.000869-0.001010 segment.

If it goes down from the 0.000716 point, it could touch near the 0.000448 point, so you need to be careful with your trades.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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