NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PA
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
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.