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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup

#NEOUSD
Total Profit: 41737 pip (6112%)
Closed trade(s): 41737 pip Profit (6112%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 14 BUY trade(s) @ 6.83 based on 'Valley' entry method at 2020.03.31.

Closed Profit:
TP1 @ 7.80 touched at 2020.04.07 with 97 pip Profit (14%).
TP2 @ 9.35 touched at 2020.04.30 with 252 pip Profit (37%).
TP3 @ 10.35 touched at 2020.05.08 with 352 pip Profit (52%).
TP4 @ 12.45 touched at 2020.06.01 with 562 pip Profit (82%).
TP5 @ 13.40 touched at 2020.08.01 with 657 pip Profit (96%).
TP6 @ 16.70 touched at 2020.08.17 with 987 pip Profit (145%).
TP7 @ 19.70 touched at 2020.08.21 with 1287 pip Profit (188%).
TP8 @ 30.50 touched at 2021.02.09 with 2367 pip Profit (347%).
TP9 @ 44.60 touched at 2021.02.14 with 3777 pip Profit (553%).
TP10 @ 68.90 touched at 2021.04.14 with 6207 pip Profit (909%).
TP11 @ 88.10 touched at 2021.04.17 with 8127 pip Profit (1190%).
TP12 @ 108.10 touched at 2021.04.19 with 10127 pip Profit (1483%).
97 (14%) + 252 (37%) + 352 (52%) + 562 (82%) + 657 (96%) + 987 (145%) + 1287 (188%) + 2367 (347%) + 3777 (553%) + 6207 (909%) + 8127 (1190%) + 10127 (1483%) = 34799 pip (5096%)

Closed Profit:
Profit for one trade is 41.52(current price) - 6.83(open price) = 3469 pip (508%)
2 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 3469 (508%) x 2 = 6938 pip (1016%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5.45 to 4.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 6.65, the probability of resumption of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 6.65 and expect to reach short-term targets.

  • Beginning of entry zone (5.45)
    • Support on 12/07/2018
    • Support on 12/08/2018
    • Support on 12/09/2018
    • Support on 12/11/2018
    • Support on 12/13/2018
    • Support on 12/14/2018
    • Support on 12/15/2018
    • Support on 12/16/2018
    • Support on 03/13/2020
    • Support on 03/18/2020
    • Support on 03/19/2020
  • Ending of entry zone (4.90)
    • Support on 03/16/2020
DateMay 29, 2021 - 19:56
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 35.75, resumption of uptrend is expected.
  • We make sure when the resistance at 88.10 breaks.
  • If the support at 35.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 66.55 on 05/27/2021, so more losses to support(s) 44.60, 37.60 and minimum to Major Support (35.75) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Take Profits:

  1. 7.80
  2. 9.35
  3. 10.35
  4. 12.45
  5. 13.40
  6. 16.70
  7. 19.70
  8. 30.50
  9. 44.60
  10. 68.90
  11. 88.10
  12. 108.10
  13. 197.90
Click on the level to view price action history.
Symbol Released Current Forecast
NEO (NEOUSD) Sat, 13 Apr 2024
NEO (NEOUSD) free Sat, 6 Apr 2024
NEO (NEOUSD) Sun, 31 Mar 2024
NEO (NEOUSD) Sat, 23 Mar 2024
NEO (NEOUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NEOUSD.