Jump to content

NEO Crypto Price News Today Elliott Wave Technical Analysis


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

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:

Wave Y declines, which is the last wave in the double corrective pattern before prices re-enter the uptrend. We expect that Wave Y may have ended at the 10.30 level, so look for an opportunity to join the uptrend again.

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24.thumb.png.6a13aee51cc83eb6aa9cf1ef2946976f.png

 

Elliott Wave Analysis TradingLounge H4 Chart,

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

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

Wave Y declines, which is the last wave in the double corrective pattern before prices re-enter the uptrend. We expect that Wave Y may have ended at the 10.30 level, so look for an opportunity to join the uptrend again.

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Crypto24(1).thumb.png.2c78de5b4ea2796c56dcaa6061101b65.png

 

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

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

    • Despite the complaint on Catizen, I recently saw a tweet where one KOL showed his excitement for the project. He claimed to staked $cati on Bitget Poolx and earn good apr and further encouraged his followers to participate in other campaigns on the exchange for Catizen players. Even when I feel he was just trying to make his followers to be optimistic and stop wasting time complaining. I still feel citizen team were not transparent to their community. While many continue to call the project scam, I choose to defer because the project has a well-defined roadmap and use case for the token. These I feel might have huge impact in the project development and sustainability in this volatile space. We learn daily so this airdrop hunters should take this as a learning stage and further focus on other opportunities abundant in this industry. Many people only farm for airdrop and don’t care to understand the space and see where they can contribute. Web3 is a revolution and is better to join early and create a niche for yourself that just passing through.
    • There was another 30k CATS for the first 200k users that deposit on Bitget. 
    • MemeFi sounds like a fun mix of gaming and DeFi, plus the chance to trade MEMEFI early on Bitget a good opportunity
×
×
  • Create New...
us