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Neo/ U.S. dollar(NEOUSD) Elliott Wave Technical Analysis 6 March 24


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Elliott Wave Analysis TradingLounge Daily Chart, 6 March 24,

Neo/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((3)) of Impulse

Wave Cancel invalid Level: 9.85

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52

Neo/ U.S. dollar(NEOUSD)Trading Strategy:

Neo is still in an uptrend. In the structure of the increase in Wave 3, we expect it to test the 161.8% level of Wave 1 at 24.52. Therefore, overall, NEO is still in an uptrend and is likely to continue rising.

Neo/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4Hr Chart, 6 March 24,

Neo/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave ((3)) of Impulse

Wave Cancel invalid Level: 9.85

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52

Neo/ U.S. dollar(NEOUSD)Trading Strategy:

Neo is still in an uptrend. In the structure of the surge in Wave 3, we expect it to test the 161.8% level of Wave 1, but even so, Wave 1, sub-Wave 3, is already complete. The price is entering a period of correction before rising again.

Neo/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

 

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