NEOUSD Elliott Wave Analysis - TradingLounge Day Chart
NEO/USD (NEOUSD) Day Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Next Higher Degree Direction: Wave Y
Wave Cancelation Invalid Level: Not specified
NEO/USD (NEOUSD) Trading Strategy
NEOUSD is in a corrective wave structure that is approaching its conclusion. A breakout above the bullish resistance at $15.414 would indicate the beginning of a new uptrend. However, a decline below the key support at $8.688 could signal a more profound correction. Traders should closely observe price action and market signals before entering trades.
NEOUSD Trading Strategies
Buy Strategy (Long Position):
- Wait for a break above $15.414 to confirm an uptrend before entering a long position.
- The primary target is Wave (III), which has the potential for significant upside gains.
Risk Management:
![NEOUSD-1D-Crypto-Cha...](/Portals/0/xBlog/uploads/2025/2/10/NEOUSD-1D-Crypto-Chart-100225.png)
TradingLounge - NEO/USD (NEOUSD) 4-Hour Chart Analysis
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Next Higher Degree Direction: Wave Y
Wave Cancelation Invalid Level: Not specified
NEO/USD (NEOUSD) Trading Strategy
Similar to the day chart analysis, NEOUSD remains in a corrective wave structure that is nearing completion. A break above $15.414 could confirm a new uptrend, while a break below $8.688 would indicate a deeper corrective phase. It is crucial for traders to assess price movement carefully before making any trading decisions.
NEO/USD Trading Strategies
Buy Strategy (Long Position):
- Enter a long position only after confirmation of an upward breakout above $15.414.
- The target remains Wave (III), which presents strong potential for upward movement.
Risk Management:
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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...](/Portals/0/xBlog/uploads/2025/2/10/NEOUSD-4h-Crypto-Chart-100225.png)