Trade Recommendation: Neo

Bullish divergence, formed by the price and RSI, gave a trend reversal signal. When the price passed through the cloud, we got an additional confirmation of possible upward movement. DMI gives bullish signal and allows opening long trades. It’s buy opportunity. Pending orders can be placed at 0.005500 level with stop orders below the local swing low at 0.004700 level. Profit targets are 0.006500 and 0.008500 levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: NEOBTC
Buy: 0.005500
Stop: 0.004470
Profit Targets: 0.006500 and 0.008500

The trading signal is based on Bittrex chart.   

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.