Elliott Wave Analysis TradingLounge Daily Chart, 30 January 24,

NEO / U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: Wave (2) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO / U.S. dollar(NEOUSD) Trading Strategy: The correction of wave(2) is likely to end at the 9.89 level and the five-wave increase. will help support this idea. So look for opportunities to open trades on the uptrend.

NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com, Learn From the Experts Join TradingLounge Here 

PREVIOUS: Bitcoin/U.S. dollar(BTCUSD)

NEOUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4Hr Chart, 30 January 24,

NEO / U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 138.262

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

NEO / U.S. dollar(NEOUSD)Trading Strategy: The correction of wave(2) is likely to end at the 9.89 level and the five-wave increase. will help support this idea. So look for opportunities to open trades on the uptrend.

NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.

NEOUSD-4Hr-Crypto-Ch...

Related

Ethereum ETF (ETHE) Elliott Wave 3 Forecast: Breakout Rally Toward $26 with Trading Strategy and Risk Invalidation Guidance

Ethereum ETF (ETHE) Elliott Wave 3 Forecast: Breakout Rally Toward $26 with Trading Strategy and Risk Invalidation Guidance

ETHE has entered a powerful Wave 3 phase per Elliott Wave theory, targeting new highs with a project...

Read More >
Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

As of February 29, 2024, leverage the insights from TradingLounge's daily and 4-hour BTCUSD char...

Read More >
Explore the potential for upcoming trends: Dogecoin Crypto Price News Today Elliott Wave Technical Analysis

Explore the potential for upcoming trends: Dogecoin Crypto Price News Today Elliott Wave Technical Analysis

This article provides an in-depth Elliott Wave Analysis of Dogecoin (DOGEUSD), offering valuable ins...

Read More >
Elliott Wave Analysis Highlights: Navigating Commodity Market Trends with Confidence

Elliott Wave Analysis Highlights: Navigating Commodity Market Trends with Confidence

This summary highlights the key points from an Elliott Wave analysis update on commodity markets. Th...

Read More >
Visa Inc. (V) Elliott Wave Technical Analysis 1 February 24: Navigating Trends and Corrections for Informed Trading

Visa Inc. (V) Elliott Wave Technical Analysis 1 February 24: Navigating Trends and Corrections for Informed Trading

Discover the latest insights on Visa Inc. (V) through our Elliott Wave Analysis Trading Lounge. Delv...

Read More >
Comprehensive UnitedHealth Group Inc. (UNH) Stock Analysis: Elliott Wave Insights, Technical Forecast, and Trading Strategies

Comprehensive UnitedHealth Group Inc. (UNH) Stock Analysis: Elliott Wave Insights, Technical Forecast, and Trading Strategies

Dive into detailed Elliott Wave analysis for UNH stock, uncovering trend patterns, corrective moveme...

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