NEOUSD Elliott Wave Analysis – TradingLounge Daily Crypto Chart
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next Higher Degrees: Wave Y
Wave Cancel Invalid Level: Not specified
Details: The correction follows a WXY correction pattern, which concluded at approximately 8.598 USD.
NEOUSD Elliott Wave Analysis – TradingLounge H4 Crypto Chart
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next Higher Degrees: Wave Y
Wave Cancel Invalid Level: Not specified
Details: Similar to the daily chart, NEOUSD has completed a WXY correction pattern, ending near 8.598 USD.
Technical Analyst: Kittiampon Somboonsod
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NEOUSD Elliott Wave Summary
NEOUSD is currently in a corrective counter-trend phase, forming a zigzag (WXY) pattern, which completed around 8.598 USD. The ongoing Wave ((C)) implies a potential continuation towards Wave Y in the next higher degree.