Trade Recommendation: Neo

What if the price breaks the previous swing high and moves above the cloud of Ichimoku indicator? We’ll get a good buy opportunity. The ADX line of DMI rises and it tells us that the market has potential for strong upward movement. We can try to catch this movement. Pending orders for buy should be placed at 40.50 level with stop at 33.00 level. Profit targets are 48.00 and 55.00 levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Buy: 40.50
Stop: 33.00
Profit Targets: 48.00 and 55.00

The trading signal is based on Bittrex chart.

Disclaimer: The analyst does not have investments in Neo.

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.