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

Cardano (ADAUSD) Elliott Wave Technical Analysis: Swing Trading Strategy, and Bullish Reversal Signals Explained

Cardano (ADAUSD) Elliott Wave Technical Analysis: Swing Trading Strategy, and Bullish Reversal Signals Explained

Elliott Wave analysis of Cardano (ADA), identifying its current wave structure and price outlook. It...

Read More >
TASI Index Elliott Wave Analysis Forecasts Bullish Trend in Saudi Stock Market with Strategic Trading Setup and Technical Insights

TASI Index Elliott Wave Analysis Forecasts Bullish Trend in Saudi Stock Market with Strategic Trading Setup and Technical Insights

A detailed Elliott Wave analysis of the TASI Index shows that a bullish trend is developing. Learn S...

Read More >
JP Morgan Chase & Co.(JPM:NYSE) Elliott Wave Technical Analysis 27 October 23

JP Morgan Chase & Co.(JPM:NYSE) Elliott Wave Technical Analysis 27 October 23

JP Morgan Chase & Co., Stock Market Analysis - Trading Lounge Elliott Wave Technical Analysis Chart ...

Read More >
Coffee Commodity Elliottwave Technical analysis: Mastering Bullish Trends & Trading Strategies

Coffee Commodity Elliottwave Technical analysis: Mastering Bullish Trends & Trading Strategies

This guide offers an in-depth exploration of the Elliott wave analysis in the context of the coffee ...

Read More >
Euro/British Pound (EURGBP) Elliott Wave Technical Analysis: Bearish Momentum, and Trading Strategy for Forex Traders

Euro/British Pound (EURGBP) Elliott Wave Technical Analysis: Bearish Momentum, and Trading Strategy for Forex Traders

EURGBP Elliott Wave Analysis provides a comprehensive technical forecast for traders. The analysis c...

Read More >
 Advanced Micro Devices (AMD) Elliott Wave Forecast Reveals Bullish Price Action and Key Chart Levels and Stock Market Analysts

Advanced Micro Devices (AMD) Elliott Wave Forecast Reveals Bullish Price Action and Key Chart Levels and Stock Market Analysts

This analysis explores AMD's bullish Elliott Wave structure across daily and hourly charts, high...

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