Technical analysis: .NEO / DOLLAR is in a range bound But resumption of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 47.
Trading suggestion: There is possibility of temporary retracement to suggested support zone (85 to 53), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (85) .Ending of entry zone (53)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
@Jimmy_Ocean, we are looking for new opportunities for long positions.
TheChartingPepe
⋅
Thanks for the post. I'm long NEO as well.
ForecastCity
⋅
@thenomadictrader, Thanks for sharing, we look for new long opportunities as well.
Dieter1983
⋅
How do you buy neo vs USD??
ForecastCity
⋅
@Dieter1983, It's described in the description > Entry signal:
"Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone."