Potential entry point in NEXO/ETH

24 Oca 2020

I've tried to chart this as simple as possible.

Weekly:

• Holding support level
  
• Seems like a pullback from strong ascending weekly trend
  
• MACD positive turning down
  
• HIgh OBV
  

Daily:

• High OBV
  
• Stochastic RSI in oversold zone
  
• SMA 50 above SMA 200 positive signal
  

12H:

• Holding SMA 200
  

4H:

• Stochastic RSI turning overbought
  
• Trades within a describe range
  

OUTCOME:

With a RR of 1.84 a potential profit of 7.7%

24 Oca 2020

Not

Weekly: Orange
Daily: Green
4H: Fiusca/Purple

24 Oca 2020

Not

A better scale of the chart

28 Oca 2020

Not

And it's gone ...