Jump to content

NEO / U.S.Dollar (NEOUSD) Elliott Wave Technical Analysis 6 December 2022


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 6 December 2022,

NEO / U.S.Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure:Impulse

Position:Wave 3

Direction Next higher Degrees:Wave III of Motive

Details:rise of wave 3 usually has a length of 1.618 x wave1

Wave Cancel invalid Level: 6.01

NEO / U.S.Dollar (NEOUSD) Trading Strategy: NEO Coin is likely to end its downtrend aswave 5 of the Diagonal Triangle, ending at the 6.01 level, is likely to turn bullish again. Buteven so, one has to watch carefully as the price is still below the MA200 and MA50 lines,which may cause the price to continue to be pressured by selling pressure. The overall trendis likely to reversal to an upward trend, but trading during this period may be cautious.

NEO / U.S.Dollar (NEOUSD) Technical Indicators: The price is below the MA200 MA50,indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearishmomentum

TradingLounge Analyst: Kittiampon Somboonsod

 

1048446203_NEOday.thumb.png.aaad50e36a00fd8046d025f3d325335d.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 6 December 2022,

NEO / U.S.Dollar (NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure:Impulse

Position:Wave (3)

Direction Next higher Degrees:Wave ((1)) of Impulse

Details: The increment of wave 3 is usually 1.618 x the length of wave 1.

Wave Cancel invalid Level: 6.01

NEO / U.S.Dollar (NEOUSD) Trading Strategy: NEO Coin is likely to end its downtrend aswave 5 of the Diagonal Triangle, ending at the 6.01 level, is likely to turn bullish again. Buteven so, one has to watch carefully as the price is still below the MA200 lines, which maycause the price to continue to be pressured by selling pressure. The overall trend is likely toreverse to an upward trend, but trading during this period may be cautious.

NEO / U.S.Dollar (NEOUSD) Technical Indicators: The wave oscillator Above Zero-Linemomentum is bullish.

1794148353_NEOh4.thumb.png.5ce43040ed8688994df315c489709313.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,140
    • Total Posts
      93,024
    • Total Members
      42,525
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    JohnM
    Joined 07/06/23 03:55
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 7 June 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Corrective Position: Wave(Y) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at 25354.69. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25354.69. Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from the 25354.69. level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25354.69. , the price is returning to an upward trend, and a five-wave rise will support this idea. Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish Divergence. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 7 June 23,   Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Corrective Position: Wave(Y) Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) is likely to end at 25354.69. A five-wave rise will confirm this idea. Wave Cancel invalid level: 25354.69. Bitcoin/U.S. dollar (BTCUSD)Trading Strategy: Bitcoin has recovered well from 25354.69, but has yet to break the MA200 completely. We expect Wave 2 to end at 25354.69. Price is returning to an upward trend. And a five-wave increment would support this idea. But even so, one has to be wary of a correction of wave 2 on smaller scales. Bitcoin/U.S. dollar (BTCUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend, Wave Oscillator is Bearish momentum.
    • Commodity Market Technical Analysis Elliott Wave and Trading Strategies Content: US Bond Yields, USDJPY, EURUSD, AUDUSD,Dollar DXY, US Gold, GDX, Silver, Copper, Iron Ore, Lithium, Nickel, Crude Oil, Natural Gas. Commodities Market Summary: The USD DXY is pushing higher into Wave v) of C of (2) while precious and base metals are doing the opposite Trading Strategies: No strategies Video Chapters 00:00  US Gov Bonds 10 Yr Yields 01:34 US Dollar Index DXY USDJPY, EURUSD, AUDUSD 14:13 Spot Gold /  GDX ETF 18:47 US Spot Silver 20:39 US Copper / Lithium / Nickel / Iron Ore 37:51 Crude Oil  40:30 Natural Gas  46:50 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  Access Trial here... buy 1 month Get 3 months       
    • HI can anyone tell me when IG will publish CTC for the 2022/23 tax year please? Cheers
×
×
  • Create New...