NEO (NEO) – November 19 For BITTREX:NEOUSD By ReadCrypto

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(NEOUSD 1W Chart) – Mid-Long-Term Perspective

Above the 23.66260578 point: the uptrend expected to continue

Above 50.22168635 point: Expected to create a new wave.

(1D chart)

First resistance zone: near 62.85235308

Second resistance section: 81.99678728-91.56900384

Support section: 34.13570235-43.70791888

You need to see if you can move along the uptrend line while holding the price in the support zone .

It needs to move above the 55.62236728 point to continue the uptrend.

To accelerate an uptrend, you need to break out of the downtrend line.

A decline from the 34.13570235 point could lead to a fall below the 23.66260578 point, so we need to think about how to deal with it.

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( NEOBTC 1W chart)

The 0.000828-0.001672 section is a sideways section for ascent.

Therefore, if the 0.000828-0.001672 section continues to converse, it is expected to turn into an uptrend.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.

(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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