Elliott Wave Technical Analysis: NEOUSD Crypto Price News -

Elliott Wave Technical Analysis: NEOUSD Crypto Price News

Mar 28, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily Chart,NEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (3)Direction Next higher Degrees: Wave ((3)) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52NEO/ U.S. dollar(NEOUSD)Trading Strategy:NEO is still in an uptrend from prices remaining in the third-wave price structure. We expect the price to test the 40.75 level, which is 161.8% of the length of the first wave. So look for opportunities to join the uptrend.NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWAElliott Wave Analysis TradingLounge 4H ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave (C)Direction Next higher Degrees: Wave ((2))) of ImpulseWave Cancel invalid Level: 9.85Details: The Wave ((2)) is equal to 61.8% of Wave ((1)) at 14.24NEO/ U.S. dollar(NEOUSD)Trading Strategy:NEO is still in an uptrend. But there may be a short-term pullback of the second wave at the level of 14.14 before rising again in the third wave. So wait for the correction to complete to rejoin the trend.NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.Technical Analyst Kittiampon SomboonsodSource: Tradinglounge.com More By This Author:S&P 500, Nasdaq 100, Russell 2000 Predictions And Trading Strategies
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