Jump to content

NEO/U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 28 August 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 28 August 23, 

NEO/U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triple Corrective

Position: Wave ((Z))

Direction Next higher Degrees: Wave II of Motive

Wave Cancel invalid Level: 5.96

NEO/U.S. dollar(NEOUSD)Trading Strategy: NEO is still in a downtrend. Since the price remains below the MA200 and MA50 lines, Wave C lacks one more decline to complete the wave, we forecast a retracement level of 1.618 x Wave A(6.41).

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

NEOday.thumb.png.61bbd6f7c3cf5958da53a52b2fd840a2.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 28 August 23,  

NEO/U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Triple Corrective

Position: Wave ((Z))

Direction Next higher Degrees: Wave II of Motive

Wave Cancel invalid Level: 5.96

NEO/U.S. dollar(NEOUSD)Trading Strategy: NEO is still in a downtrend. Since the price remains below the MA200 and MA50 lines, Wave C lacks one more decline to complete the wave, we forecast a retracement level of 1.618 x Wave A(6.41).

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

NEOh4.thumb.png.ccc4ac5cc7b5ec78fe3c3a2ca37436c6.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

    • As a meme fan, I have been waiting patiently for the Bull trend that happened to BTC recently to get to all the alts and so we can have what we had back then in 2021 to happen again, but time the strength of the uptrend has not been able to match up with what I am expecting and I do hope that the halving will help, but looking at the hype that is usually expected from the meme community. I don't think I'll be able to wait for the trend to resume and so I am taking more steps ahead of the game, taking up all the opportunities I believe would help the price-trend of my holdings, especially for the DOGE memes and I have found this DOGEDAY event ongoing and it really made a lot of sense to me, because if we look at how the DOGE coins have performed in the past. I believe if we can have a Bitcoin day to celebrate the first cryptocurrency, then we should be able to have a DOGEDAY too looking at the success rate of the meme and the support from the community. For me, this is something special that is worth the energy, vibes and hype and worth participating it. There are different sections to the event, which include the Twitter part, where Bitget is sharing $3,00 to those participating( https://twitter.com/bitgetglobal/status/1780495739984150962Twitter Post ) and the telegram event, and I believe this will favour those that love to bet on the price of coins. They are sharing 100BGB tokens for this and the Discord event has a 90BGB token to be shared.  If we can have Bitcoin's day, then this DOGEDAY should be observed in all the DOGE communities and I will admonish meme lovers to observe events like this because it reflects the nature of memecoin and the hype around it.
    • Would love to grab it below 100!
×
×
  • Create New...
us