NEOUSDT Dynamic S/R| Apex| Structural S/R| 200 MA| PA

20. Okt. 2020Evening 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