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hrsal
Jan 24, 2020 3:35 AM

Potential entry point in NEXO/ETH Long

Description

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%

Comment

Weekly: Orange
Daily: Green
4H: Fiusca/Purple

Comment

A better scale of the chart

Comment

And it's gone ...

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