Evening Traders,
Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex.
Points to consider,
- Price Action Higher Lows
- Dynamic S/R Support
- Structural S/R Resistance
- Oscillators Neutral
- Low Volume
NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias.
Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias.
The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish.
Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Today’s Analysis – NEOUSDT – respecting Dynamic S/R, a break will be imminent as price is approaching its apex.
Points to consider,
- Price Action Higher Lows
- Dynamic S/R Support
- Structural S/R Resistance
- Oscillators Neutral
- Low Volume
NEOUSDT’s immediate price action is trading with a higher low projection, until this is broken; it allows us to have a bullish bias.
Dynamic S/R is current support, breaking this level will make the immediate target Local S/R, negating any bullish bias.
The Structural S/R is technical resistance that needs to be breached for trend continuation. Flipping this level as support will be considered bullish.
Both oscillators are currently neutral with volume being low. An influx is highly probable when testing key trade locations such as the Local S/R.
Overall, in my opinion, a trade is ONLY valid when breaking from the apex in either direction, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.