NEO giving off HUGE uptrend signals after a slow few days!
Hi everyone,
Welcome to my latest idea for those interested in what I have to say. :-) I have been watching the
NEOUSDT
pair for a few days and I was able to sink an entry point at $10.75 on April 16th. For the last several days, NEO has been bearishly running sideways after printing a bear flag that never ended up doing anything. In fact, all the indicators were signaling on the side of the short traders......until now!
NEO/USDT formed a doji candle (black arrow) earlier in the day today and then IMMEDIATELY formed a three white soldiers candlestick formation (blue circle). This is a HUGE technical signal showing that there has been a change in sentiment. In this case, three white soldiers following a doji candle is indicative of an uptrend. The candles are riding the upper band of the Bollinger Bands so it is a risky entry (sell high on the bands, buy low on the bands), however, with the current formations, the signals are pointing to a move much higher than what we currently see at $11.15.
I have a sell order set for $12.00......for now. Based on these new formation, I am leaning towards the idea that I will be able to move my sell target higher. I will play this by ear. I have adjusted the fib levels to reflect a smaller price change. I like to do it this way to get an idea of potential targets, its basically a more narrowed price range. Currently we are near $11.20 with 11.35 as the next target. This is how I decide where to exit. If we keep breaching the target areas I will hold off on my sell until I see the momentum stalling out. NEO has reached areas within the $13 range so I am curious to see how high this is gonna go. I am waiting for further data to make this determination.
Some other areas to take notice of.
NEOUSDT
has broken out of a triangle formation and the support zone (green box). It also blew threw the 20 day MA and is approaching the 100 day MA which, is just above the $11.35 target area. We rapidly went from hanging around the $10.83 area to as high as $11.25 area. The trends have changed from bearish to bullish within the last several hours and are now showing that the bulls are in control. Volatility is pretty mild right now, I will be watching the volume closely watching for this uptrend to lose its momentum.
RSI = 46.67
Stochastic = 66.34
The RSI and stochastic are technically neutral.
Please hit like and throw me a thumbs up for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful/useful! :-) I hope you're successful in your trades and I encourage you to do your own research as well for maximum success.
Good Luck and Happy Trading! :-) :-) :-)
-AWC-
*THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
Welcome to my latest idea for those interested in what I have to say. :-) I have been watching the
NEOUSDT
pair for a few days and I was able to sink an entry point at $10.75 on April 16th. For the last several days, NEO has been bearishly running sideways after printing a bear flag that never ended up doing anything. In fact, all the indicators were signaling on the side of the short traders......until now! NEO/USDT formed a doji candle (black arrow) earlier in the day today and then IMMEDIATELY formed a three white soldiers candlestick formation (blue circle). This is a HUGE technical signal showing that there has been a change in sentiment. In this case, three white soldiers following a doji candle is indicative of an uptrend. The candles are riding the upper band of the Bollinger Bands so it is a risky entry (sell high on the bands, buy low on the bands), however, with the current formations, the signals are pointing to a move much higher than what we currently see at $11.15.
I have a sell order set for $12.00......for now. Based on these new formation, I am leaning towards the idea that I will be able to move my sell target higher. I will play this by ear. I have adjusted the fib levels to reflect a smaller price change. I like to do it this way to get an idea of potential targets, its basically a more narrowed price range. Currently we are near $11.20 with 11.35 as the next target. This is how I decide where to exit. If we keep breaching the target areas I will hold off on my sell until I see the momentum stalling out. NEO has reached areas within the $13 range so I am curious to see how high this is gonna go. I am waiting for further data to make this determination.
Some other areas to take notice of.
NEOUSDT
has broken out of a triangle formation and the support zone (green box). It also blew threw the 20 day MA and is approaching the 100 day MA which, is just above the $11.35 target area. We rapidly went from hanging around the $10.83 area to as high as $11.25 area. The trends have changed from bearish to bullish within the last several hours and are now showing that the bulls are in control. Volatility is pretty mild right now, I will be watching the volume closely watching for this uptrend to lose its momentum. RSI = 46.67
Stochastic = 66.34
The RSI and stochastic are technically neutral.
Please hit like and throw me a thumbs up for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful/useful! :-) I hope you're successful in your trades and I encourage you to do your own research as well for maximum success.
Good Luck and Happy Trading! :-) :-) :-)
-AWC-
*THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
Trade closed: target reached:
This trade has been exited. Target reached. I exited at 11.50. I updated and lowered my 12.00 expectations to 11.50 when my indicators went cold. I will wait for a re- entry point at this time. Upper resistance is showing at these levels and it is maintaining for now above 10.75.
This has been trading sideways and not showing much movement since the dip backdown.
This has been trading sideways and not showing much movement since the dip backdown.
Comment:
PS.....I moved into tron. Tron is at an entry point. I will update my next idea on TRXUSDT. See you there.