Jump to content

NEO/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 December 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

5f1b7ae9f7ab7e67b121a901f73148fd

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

c729bd393dfd39bed5a700e329c17c97

 

Link to comment
  • 3 weeks later...
On 06/12/2023 at 10:52, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

5f1b7ae9f7ab7e67b121a901f73148fd

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 6 December 23,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO/ U.S. dollar(NEOUSD)Trading Strategy : The rally in wave (1) appears to have ended at the 15.46 level and the price is entering a correction period in wave (2), where the reversal of wave (2) is usually .50 or .618 x length. Wave (1) Therefore, Neo's trend is still up. The reversal is only short term to continue the wave (3).

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

c729bd393dfd39bed5a700e329c17c97

 

Let's grab it at 9 🙏

IMG_20231223_085953.jpg

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

    • Centralized exchanges are often more popular than decentralized exchanges due to their user-friendly interfaces, ease of use, and protection against scams that can occur when interacting with various dApps on decentralized platforms. Navigating decentralized exchanges (DEXs) can be complex, which adds to the appeal of centralized alternatives. While DEXs offer several ways to earn passive income, such as staking, centralized exchanges have also introduced various opportunities for users to earn in a simpler and more straightforward manner. Some notable products that have proven efficient and beneficial for users include Launchpool, PoolX, Shark Fin, Range Sniper, Dual Investment, and others. Personally, I favor PoolX and Launchpool because they provide rewards on an hourly basis and the entry barrier is quite low for everyone to take advantage of. Shark Fin, Smart Trend, Range Sniper, and Dual Investment cater to investors with different investment goals and risk management preferences. One reason I particularly like Shark Fin is that it guarantees investors' capital while offering significant returns. All these products are available on the Bitget exchange, providing users with opportunities to earn passive income, especially in uncertain market conditions. I am interested in learning about other products you guys use to earn more crypto on centralized exchanges. Let's discuss
    • Hello IG Team @KoketsoIG Could you please provide a definitive update on the status of the TradingView integration? Many of us have been eagerly awaiting this feature for nearly two years, and it’s becoming increasingly frustrating to not have a clear timeline or concrete information. Many users have already expressed their concerns and the inconvenience of having to switch between brokers due to the lack of this integration. This delay has even caused some of us to move parts of our trading activities to other platforms that offer seamless TradingView integration. We understand that technical challenges can arise, but considering the significant time that has passed and the fact that smaller brokers have managed to implement this feature, it's perplexing why a company of IG’s stature is still unable to provide it. If there are specific technical hurdles or a projected timeline, we would appreciate transparency on these matters. The ability to trade directly from TradingView charts is a crucial feature for many of us, as it significantly enhances our trading efficiency and overall user experience. If this integration is not feasible in the near future, could you kindly inform us so we can make informed decisions about our trading strategies and platforms?  
    • A leading cryptocurrency exchange known for its innovative trading solutions, has reached a remarkable 1.4 million followers on Twitter, surpassing many traditional fintech companies. Currently ranked among the top crypto exchanges by social media following, Bitget saw an estimated 200,000 new followers in the past month alone, according to social media analytics data, placing it ahead of several major upcoming exchange and even some popular crypto influencers in terms of Twitter engagement. This remarkable growth in Bitget's social media following can be attributed to its consistent ecosystem expansion. The exchange has been continuously introducing new features, supporting emerging projects, and enhancing user experience, which naturally attracts crypto enthusiasts to follow their updates. The exchange commitment to innovation, security, and community engagement has been key in building trust and interest among users, leading to this impressive growth across various social network services.
×
×
  • Create New...
us