Jump to content

NEO /U.S.dollar(NEOUSD) Elliott Wave Technical Analysis 24 May 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 24 May 23,  

NEO /U.S.dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Direction Next higher Degrees: Wave II of Motive

Details: Wave reversal II has a probability of .786 x length Wave I

Wave Cancel invalid Level: 5.96

NEO /U.S.dollar(NEOUSD) Trading Strategy: It is possible that wave ((2)) may end at the level of 8.69. A five-wave rise and a breakout of the 28338.31 level will support this idea. But even so, the price is still in a downtrend as it holds below the MA200, trading is still cautious.

NEO /U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

NEOday.thumb.png.97146c4d5849cfc7a5743e8d54c20777.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 24 May 23,  

NEO /U.S.dollar(NEOUSD) 

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Follow Trend

Structure: Motive

Position: Wave 4

Direction Next higher Degrees: Wave (1) of Motive

Details: Correction in wave 4, when finished, price will rise again in wave 5.

Wave Cancel invalid Level: 9.56

NEO /U.S.dollar(NEOUSD) Trading Strategy: Correction in wave 4, when finished, the price will rise again in wave 5. But the price must not enter the territory of wave 1. Overall, it is still the first phase of an uptrend. which may be corrected again.

NEO /U.S.dollar(NEOUSD) Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are bullish momentum.

NEOh4.thumb.png.2005bbb7f4467c829ede2097bb76ccb2.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
  • image.png

  • Posts

    • Sometime one way to avoid touching one's PF is to participate in these kind of event to earn some passive income and perharps use some the proceeds to invest more. I am not quite friendly with bot but will refer it to friend with a trading community where i also get signals. I will appreciate you also share the link to the announcement for more details
    • Despite the fact that i have my reservation on some meme coin; i feel attention could tilting towards BNB chain meme coins. HODL was bullish yesterday upon launch and i may also look into CATA for some market analysis and possible entry cos missing out on most of the Solana chain meme can not repeat itself again haha.
    • I still beleive Pepe is still a strong competitor for shib and after Doge they should be among the few meme coin to hodl but would appreciate your analysis on HODL a new meme coin on BNB chain that has hugely pumped yesterday on Pancakeswap and Bitget. Its mainnet launch and initial listing was also yesterday.
×
×
  • Create New...
us