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NEO (NEOUSD) Elliott Wave Technical Analysis 30 September 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 30 September 2022, NEO (NEOUSD)
NEOUSD Elliott Wave Technical Analysis

Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (5) of Motive Details: The decline of wave((5)) tends to trade below 7.97 and there is an opportunity to hit wave 5 price target equal to wave 1 at 2.25 level.

Wave Cancel invalid Level: 12.62
NEO (NEOUSD) Trading Strategy: Bear Market Efforts The price tends to trade below the 7.97 level, and it This could be an opportunity to open a short position.but must not return above 9.64
NEO (NEOUSD)Technical Indicators: The price is above the MA200, and MA50 line.

MACD is above the zero line momentum is bullish.

TradingLounge Analyst: Kittiampon Somboonsod
 

2048903044_NEOday.thumb.png.05ab152bcf65bcf09b6810c0c38475d4.png

 

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 30 September 2022, NEO (NEOUSD)
NEOUSD Elliott Wave Technical Analysis

Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: Wave (5) of C
Details: the decline of wave((5)) tends to trade below 7.97 and there is an opportunity to hit wave 5 price target equal to wave 1 at 2.25 level.

Wave Cancel invalid Level: 12.62
NEO (NEOUSD) Trading Strategy: Bear Market Efforts The price tends to trade below the 7.97 level, and it This could be an opportunity to open a short position.but must not return above 9.64
NEO (NEOUSD)Technical Indicators: The price is above the MA200, and MA50 line. momentum is bullish.

1779786060_NEOh4.thumb.png.abaa3a1e888632042027688ee58914fa.png

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