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Weekly forecast NEO technical chart
Symbol NEOUSD
Trade Setup

#NEOUSD
Total Profit: 2729 point (262%)
Closed trade(s): 473 point Profit
Open trade(s): 2256 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%)
TP2 @ 13.28 touched at 2023-03-20 with 297 point Profit. (29%)
176 (17%) + 297 (29%) = 473 point (46%)

Open Profit:
Profit for one BUY trade is 12.19(current price) - 10.31(open price) = 188 point (18%)
12 trade(s) still open, therefore total profit for open trade(s) is 188 (18%) x 12 = 2256 point (216%)

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 25, 2023 - 14:42
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 54.

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, 23 Mar 2024
NEO (NEOUSD) free Sun, 17 Mar 2024
NEO (NEOUSD) Sun, 10 Mar 2024
NEO (NEOUSD) free Sun, 3 Mar 2024
NEO (NEOUSD) Sat, 24 Feb 2024