NEO/USD (NEOUSD) Elliott Wave Analysis - TradingLounge Daily Chart

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (2)

Direction Next Higher Degree: Wave ((2)) of Impulse

Wave Cancel Invalid Level:

Details:
Wave (2) appears to be concluding, with prices showing upward momentum in Wave (3).

NEO/USD Trading Strategy:

  • Wave (2) correction is likely complete, with Wave (3)'s five-wave rally coming into focus.
  • The price action suggests a strong uptrend, offering a potential re-entry opportunity into the trend.

NEO/USD Technical Indicators:

  • The price is trading above the MA200, confirming the ongoing uptrend.
  • The Wave Oscillator indicates bullish momentum, supporting the upward bias.

NEOUSD-1D-Crypto-Cha...


NEO/USD (NEOUSD) Elliott Wave Analysis - TradingLounge 4-Hr Chart

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (2)

Direction Next Higher Degree: Wave ((2)) of Impulse

Wave Cancel Invalid Level:

Details:
Wave (2) seems to be concluding, with upward momentum indicating the start of Wave (3).

NEO/USD Trading Strategy:

  • The corrective Wave (2) appears complete, shifting focus to the anticipated five-wave rally in Wave (3).
  • Price action remains in an uptrend, offering strategic opportunities to re-enter long positions.

NEO/USD Technical Indicators:

  • The price sustains levels above MA200, signaling a continuing bullish trend.
  • The Wave Oscillator reflects strong bullish momentum, aligning with upward price movement.

Technical Analyst:  Kittiampon Somboonsod

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

Previous: BNBUSD 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

Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis: Stock Forecast, Trend Outlook, and Technical Analysis for Bullish Momentum

Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis: Stock Forecast, Trend Outlook, and Technical Analysis for Bullish Momentum

Berkshire Hathaway (BRK.B) remains in an impulsive Elliott Wave structure, progressing through Wave ...

Read More >
Uniswap (UNIUSD) Elliott Wave Technical Analysis & price predictions, market trends, and trading strategies.

Uniswap (UNIUSD) Elliott Wave Technical Analysis & price predictions, market trends, and trading strategies.

This article provides an in-depth Elliott Wave analysis of Uniswap (UNIUSD), offering insights into ...

Read More >
Swiss Market Index Elliott Wave Forecast: SMI Daily and Weekly Chart Analysis for Trend Direction, Wave Count, and Forecast

Swiss Market Index Elliott Wave Forecast: SMI Daily and Weekly Chart Analysis for Trend Direction, Wave Count, and Forecast

This Elliott Wave analysis covers the Swiss Market Index (SMI) using both daily and weekly charts. I...

Read More >
Swiss Market Index Elliott Wave Technical Analysis Shows Market is Expected to Continue its Upward Movement

Swiss Market Index Elliott Wave Technical Analysis Shows Market is Expected to Continue its Upward Movement

According to Elliott Wave analysis, the Swiss Market Index (SMI) is currently in a bullish trend. Wi...

Read More >
Theta Token (THETAUSD) Elliott Wave Analysis: Bullish Reversal Setup and Key Trading Zones

Theta Token (THETAUSD) Elliott Wave Analysis: Bullish Reversal Setup and Key Trading Zones

THETAUSD using Elliott Wave theory. It outlines the current corrective wave structure, key support a...

Read More >
MicroStrategy Inc. (MSTR) Elliott Wave Technical Analysis: Fibonacci Retracement, Wave Counts, and 2024 Price Forecasts

MicroStrategy Inc. (MSTR) Elliott Wave Technical Analysis: Fibonacci Retracement, Wave Counts, and 2024 Price Forecasts

MSTR stock analysis dives into MicroStrategy’s Elliott Wave patterns on daily and hourly charts. Ga...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

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

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

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

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • 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