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Weekly forecast NEO / Bitcoin technical chart
Symbol NEOBTC

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Trade Setup
#NEOBTC
Total Profit: 345 pip
Closed trade(s): 153 pip Profit
Open trade(s): 192 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.00128 based on 'Valley' entry method at 2020.06.01.

Closed Profit:
TP1 @ 0.00130 touched at 2020.06.02 with 2 pip Profit.
TP2 @ 0.00150 touched at 2020.08.21 with 22 pip Profit.
TP3 @ 0.00165 touched at 2020.08.21 with 37 pip Profit.
TP4 @ 0.00220 touched at 2020.09.17 with 92 pip Profit.
2 + 22 + 37 + 92 = 153 pip

Open Profit:
Profit for one trade is 0.00152(current price) - 0.00128(open price) = 24 pip
8 trade(s) still open, therefore total profit for open trade(s) is 24 x 8 = 192 pip

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.
  • If the Midterm level 0.0015000 is broken, we will close open trades.
DateOctober 18, 2020 - 13:13
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.0015000, resumption of uptrend is expected.
  • We make sure when the resistance at 0.0022000 breaks.
  • If the support at 0.0015000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.0015000 is broken.

Technical analysis:

  • While the RSI resistance #1 at 59 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.00235 on 09/18/2020, so more losses minimum to Major Support (0.00150) 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 38.

Take Profits:

  1. 0.00130
  2. 0.00150
  3. 0.00165
  4. 0.00220
  5. 0.00270
  6. 0.00340
  7. 0.00460
  8. 0.00665
  9. 0.00795
  10. 0.00960
  11. 0.01500
Click on the level to view price action history.
Symbol Released Current Forecast
NEO / Bitcoin (NEOBTC) Tue, 2 Apr 2024
NEO / Bitcoin (NEOBTC) Mon, 11 Mar 2024
NEO / Bitcoin (NEOBTC) Tue, 20 Feb 2024
NEO / Bitcoin (NEOBTC) Tue, 30 Jan 2024
NEO / Bitcoin (NEOBTC) Wed, 10 Jan 2024
History
Daily-Trading-Opportunities on NEOBTC.