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NEO Crypto Price News Today Elliott Wave Technical Analysis


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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 (2)

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

Wave Cancel invalid Level: 

Details: Wave (2) is likely to test the Level 8.22

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

This is a 5 wave retracement of wave (C), in which we are in the final stages of wave ((2)), which is likely to test the 8.22 level, so the overall picture is a short term retracement before another rise.

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.3cd8898520eaff09a9aff9d91caaa074.png

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (2)

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

Wave Cancel invalid Level: 

Details: Wave (2) is likely to test the Level 8.22

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

This is a 5 wave retracement of wave (C), in which we are in the final stages of wave ((2)), which is likely to test the 8.22 level, so the overall picture is a short term retracement before another rise.

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.a8fae9942f045c800e7cc70fcc8f4393.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

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