SimpleFX Blog
    Facebook X (Twitter) Instagram
    Saturday, December 2
    Facebook X (Twitter) LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home » NEOUSD Technical Outlook – Where Are Altcoins Heading This Weekend?
    Analysis

    NEOUSD Technical Outlook – Where Are Altcoins Heading This Weekend?

    Zach WrightBy Zach WrightMay 28, 2021Updated:June 1, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Cryptocurrencies have lost a strong trend recently. While BTCUSD goes up and down between $35,000 and $40,000, it’s even more difficult for altcoins. Today we try to grasp where the open-source smart contracts platform price could possibly head over the weekend.

    SimpleFX NEOUSD Chart Analysis: May 28, 2021

    In the second part of Friday’s analysis, you’ll find out some insights on how to trade UKOIL.

    The NEOUSD pair seems to be forming a large uptrend that moves inside the yellow channel.

    In the second half of April, the price pushed off from the upper yellow wall and went down, then we saw a second touch of the yellow line. However, the bulls failed to break through the resistance line, they lost their positions, and we saw a rapid decline within the descending green channel.

    Just a few days ago, the price reached the lower yellow line, but then began to rise again. Perhaps the bullish move will continue. Most likely, the bulls are targeting the resistance level of 103.58, which is on the upper green line. If this level is successfully broken, the price may continue to rise to the next important level of 154.43.

    Alternatively, a second decline to the lower yellow line and the support level of 38.25 is expected.

    SimpleFX UKOIL Chart Analysis: May 28, 2021

    Most likely, a global uptrend is forming for UKOIL, which moves inside a large yellow channel. We can see that the price has been in the lower yellow area for a long time. A smaller green channel may show more accurate market behavior.

    Currently, the price is near the upper green line. If the bulls bring the market to the resistance level of 70.77, and then break through this level, then we could see a continuation of the price increase to the resistance level of 78.20. This level is on the upper yellow line.

    But the scenario may repeat, and the price will not go beyond the middle of the yellow channel. In this case, we could see the market decline in the direction of the lower yellow line and the support level of 65.71, which is located on it.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTrading Schedule Changes in the UK, the USA, and Brazil
    Next Article Two Possible Scenarios for Ethereum this Week
    Zach Wright

    Related Posts

    Quantitative Easing: How Does QE Affect The Markets

    November 29, 2023

    Increase Affiliate Boosts With Black Week Promotion

    November 21, 2023

    (Oct) CPI Data Release Lower Than Expected

    November 14, 2023

    Comments are closed.

    Copyright © 2023. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT