NEOUSD Elliott Wave Analysis - TradingLounge Daily Chart 

NEO/ U.S. Dollar (NEOUSD) Daily Chart Analysis

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (2)

Direction in Next Higher Degrees: Wave ((2)) of Impulse

Wave Invalidation Level: Not specified

Details: Wave 2 appears to be nearing completion, with price expected to rise as wave 3 begins.

NEO/ U.S. Dollar (NEOUSD) Trading Strategy

The correction phase in wave 2 seems to have ended, indicating a likely continuation of the five-wave rally in wave 3. Price action shows an upward trend, signaling potential re-entry points for trend-following positions.

NEO/ U.S. Dollar (NEOUSD) Technical Indicators

  • Moving Average (MA200): Price remains below the MA200, which suggests a downtrend.
  • Wave Oscillator: Indicates bearish momentum.

NEOUSD-1D-Crypto-Cha...


NEOUSD Elliott Wave Analysis - 4-Hour Chart

NEO/ U.S. Dollar (NEOUSD) 4-Hour Chart Analysis

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (2)

Direction in Next Higher Degrees: Wave ((2)) of Impulse

Wave Invalidation Level: Not specified

Details: Wave 2 appears to be ending, with price anticipated to rise into wave 3.

NEO/ U.S. Dollar (NEOUSD) Trading Strategy

The correction in wave 2 seems to be concluding, setting the stage for the anticipated five-wave advance in wave 3. The upward trend suggests opportunities for re-entry into long positions.

NEO/ U.S. Dollar (NEOUSD) Technical Indicators

  • Moving Average (MA200): Price remains below MA200, indicating a downtrend.
  • Wave Oscillator: Displays bearish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here See

Previous: XRPUSD Elliott Wave Technical Analysis 

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

NEOUSD-4h-Crypto-Cha...

Related

Elliott Wave Analysis and Trading Strategies for NASDAQ Tech Stocks

Elliott Wave Analysis and Trading Strategies for NASDAQ Tech Stocks

The summary of the Elliott Wave analysis for NASDAQ tech stocks indicates that there might be a pote...

Read More >
U.S.Dollar/Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis 15 January 24

U.S.Dollar/Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis 15 January 24

The USD/CAD Elliott Wave Analysis for the daily chart on 15 January 24, suggests that the market is ...

Read More >
Coffee Commodity Elliott Wave Technical Analysis: Focusing on the Current Market Trends and Future Predictions

Coffee Commodity Elliott Wave Technical Analysis: Focusing on the Current Market Trends and Future Predictions

This article provides a detailed Elliott Wave Analysis of coffee prices, focusing on the current mar...

Read More >
WTI Crude Oil Commodity Elliott Wave Technical Analysis Explores the Current Market Trends using Elliott Wave theory

WTI Crude Oil Commodity Elliott Wave Technical Analysis Explores the Current Market Trends using Elliott Wave theory

This detailed WTI Crude Oil analysis explores the current market trends using Elliott Wave theory. W...

Read More >
Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast

This article offers a detailed Elliott Wave analysis of the ASX V300AEQ ETF (VAS), focusing on curre...

Read More >
Completion of corrective phases: Australian Dollar/Japanese Yen (AUDJPY) Elliott Wave Technical Analysis

Completion of corrective phases: Australian Dollar/Japanese Yen (AUDJPY) Elliott Wave Technical Analysis

The AUDJPY Elliott Wave Analysis for 29th February 2024 provides a detailed examination of both the ...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on