Jump to content

NEO / U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 20 December 2022


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 20 December 2022,

NEO / U.S.dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function:Follow trend

Mode:Motive

Structure:Diagonal

Position: Wave 5

Direction Next higher Degrees: Sub-wave of Wave C

Details: The diagonal decline of wave 5 should not exceed the length of wave 3.

Wave Cancel invalid Level:

NEO / U.S.dollar(NEOUSD) Trading Strategy: NEO is still under selling pressure as itremains below the MA200 and MA50, but as the price is in the late series of ElliottwaveDiagonal declines as well as the bullish divergence from the wave oscillator, the price islikely to reverse. But even so, the selling pressure remains. Trading should be done withcaution during this time.

NEO / U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish

TradingLounge Analyst: Kittiampon Somboonsod

 

2005886630_NEOday.thumb.png.759192dc2b4d61717cafefc633d1e062.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 20 December 2022,

NEO / U.S.dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function:Follow trend

Mode:Motive

Structure:Diagonal

Position: Wave 5

Direction Next higher Degrees: Sub-wave of Wave C

Details: The diagonal decline of wave 5 should not exceed the length of wave 3.

Wave Cancel invalid Level:

NEO / U.S.dollar(NEOUSD)Trading Strategy: NEO is still under selling pressure as itremains below the MA200 and MA50, but as the price is in the late series of Elliottwave Diagonal declines as well as slow down from the wave oscillator, the price is likely to reverse. But even so, the selling pressure remains. Trading should be done with caution during this time.

NEO / U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 MA50,indicating a downtrend. The wave oscillators above Zero-Line momentum are bearish.

628551124_NEOh4.thumb.png.91877ed2d171314c9bafc44c20e8ea9c.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
      21,195
    • Total Posts
      90,731
    • Total Members
      41,305
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sbehdadkia
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
×
×
  • Create New...