Jump to content

NEO coin U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 20 January 23

Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 20 January 23,  

NEO coin 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: Wave ((5)) tends to end Prices are rising again.

Wave Cancel invalid Level: 5.96

NEO coin U.S.dollar(NEOUSD) Trading Strategy: NEO has recovered well from the 5.96 level, but even so, the price is still below the MA200, which may still be under pressure from selling pressure. And there is a reversal chance in wave 2 and an opportunity to join the trend again once wave 2 completes.

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

TradingLounge Analyst: Kittiampon Somboonsod






Elliott Wave Analysis TradingLounge 4H Chart, 20 January 23,  

NEO coin U.S.dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 5

Direction Next higher Degrees: Wave 1 of Motive

Details: Wave 5 is always .618 x wave 1 through wave 3

Wave Cancel invalid Level: 5.96

NEO coin U.S.dollar(NEOUSD)Trading Strategy: Neo Coin is still in the structure of Impulse Wave uptrend, lacking another rise in wave 5, at the end of which the price will reverse again in wave (2) larger Degree

NEO coin U.S.dollar(NEOUSD)Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators have hidden bullish divergence the price trend reversal.


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
  • image.png

  • Posts

    • Intrigued by Mande's "Onchain Credibility Hub"! DESO's user-owned data is another great idea for Web3. HMN's talent marketplace is a strong piece too. Bitget listing is cool, but focus should be on Mande's tech! Synergy possible: Mande verifies skills, HMN finds matching projects
    • Telcoin's definitely shaking things up with affordable mobile transfers! But MOB sounds interesting for secure everyday payments. Abra seems like a one-stop shop for global money stuff. Telcoin being on Bitget is cool, but competition is healthy! Maybe Telcoin can focus on low-cost remittances while MobileCoin tackles daily purchases. Telcoin's not the only player, but they're definitely a piece of the puzzle.
    • Telcoin is a frontrunner in leveraging blockchain technology for affordable and accessible mobile money transfers. Intrigued by this concept? Let's explore other projects working to revolutionize how we send and receive money around the world, with a focus on mobile solutions. MobileCoin (MOB), this project aims to provide a secure and private mobile-first cryptocurrency specifically designed for everyday transactions. Abra (ABRA), this global investment app allows users to buy, sell, and trade various cryptocurrencies and assets, including sending and receiving money internationally. So, is Telcoin the only game in town for mobile money transfers cause they got listed on Bitget? Maybe or maybe not! There are established players and innovative startups tackling this challenge. What do you think? Is Telcoin the future of mobile money transfers, or just a piece of the puzzle? Have you explored any other mobile money transfer projects? Share your thoughts in the comments!
  • Create New...