NEO Crypto Price News Today Elliott Wave Technical

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart 
NEO/ U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave B
Direction Next higher Degrees: Wave (II) of Impulse
Wave Cancel invalid Level: 9.85
Details: Wave (II) is equal to 61.8% of Wave (I) at 10.71 Level

NEO/ U.S. dollar(NEOUSD)Trading Strategy:
Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again.

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



Elliott Wave Analysis TradingLounge H4 Chart 
NEO/ U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave B
Direction Next higher Degrees: Wave (II) of Impulse
Wave Cancel invalid Level: 9.85
Details: Wave (II) is equal to 61.8% of Wave (I) at 10.71 Level


NEO/ U.S. dollar(NEOUSD)Trading Strategy:
Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again.

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

Technical Analyst : Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

 

 

 

 

Edited April 30 by tradinglounge

[Imam]

A little bit retracement and then I'm in again!