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Weekly forecast NEO technical chart
Symbol NEOUSD
Trade Setup

#NEOUSD
Total Profit: 3738 point (368%)
Closed trade(s): 176 point Profit
Open trade(s): 3562 point Profit

Trade Setup:
We opened 14 BUY trades @ 10.31 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 12.07 touched at 2023-03-14 with 176 point Profit. (17%)

Open Profit:
Profit for one BUY trade is 13.05(current price) - 10.31(open price) = 274 point (27%)
13 trade(s) still open, therefore total profit for open trade(s) is 274 (27%) x 13 = 3562 point (351%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 19, 2023 - 14:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 9.08, beginning of uptrend is expected.
  • We make sure when the resistance at 15.81 breaks.
  • If the support at 9.08 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 6 on 2022-11-09 and the trough at 5.94 on 2022-12-30, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 9.08 on 03/11/2023, so more gains to resistance(s) 13.28 and maximum to Major Resistance (15.81) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

Take Profits:

  1. 12.07
  2. 13.28
  3. 15.81
  4. 22.60
  5. 25.40
  6. 29.65
  7. 35.76
  8. 43.66
  9. 53.21
  10. 66.84
  11. 103.82
  12. 140.98
  13. 197.90
Click on the level to view price action history.
Symbol Released Current Forecast
NEO (NEOUSD) Sat, 3 Jun 2023
NEO (NEOUSD) Sun, 28 May 2023
NEO (NEOUSD) Wed, 24 May 2023
NEO (NEOUSD) Sat, 20 May 2023
NEO (NEOUSD) Sun, 14 May 2023
History
Daily-Trading-Opportunities on NEOUSD.