NEOUSD Elliott Wave Analysis - Daily Chart

NEO / U.S. Dollar (NEOUSD) Daily Chart Analysis

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Next Higher Degrees Direction: Wave (II) of Impulse

Wave Cancel Invalid Level: 9.85

Details: The analysis indicates that Wave (II) has likely concluded, with prices starting an upward movement.

NEO / U.S. Dollar (NEOUSD) Trading Strategy:

The Wave (II) phase for NEOUSD appears to be ending around the 8.49 level, suggesting a potential resumption of the uptrend. Traders should consider entering the market during short-term pullbacks to align with the emerging uptrend.

NEO / U.S. Dollar (NEOUSD) Technical Indicators:

  • Trend Indicator: The price is positioned below the MA200, signalling a downtrend.

  • Momentum Indicator: The Wave Oscillator shows bullish momentum, suggesting a potential upward shift.

NEOUSD-1D-Crypto-Cha...


NEOUSD Elliott Wave Analysis - H4 Chart

NEO / U.S. Dollar (NEOUSD) 4-hour Chart Analysis

NEOUSD Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Next Higher Degrees Direction: Wave (II) of Impulse

Wave Cancel Invalid Level: 9.85

Details: Similar to the daily chart, the 4-hour analysis suggests that Wave (II) has likely ended, and an uptrend may be resuming.

NEO / U.S. Dollar (NEOUSD) Trading Strategy:

For short-term traders, completing Wave (II) near the 8.49 level could provide a good opportunity to enter the market. The focus should be on capitalizing on short-term pullbacks to join the anticipated uptrend.

NEO / U.S. Dollar (NEOUSD) Technical Indicators

  • Trend Indicator: The current price remains below the MA200, indicating a prevailing downtrend.
  • Momentum Indicator: The Wave Oscillator reflects bullish momentum, which may support the expected upward movement.

Technical Analyst:  Kittiampon Somboonsod

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

See Previous: Bitcoin / U.S. Dollar (BTCUSD) Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

NEOUSD-4hr-Crypto-Ch...

Related

Bitcoin Crypto Price News Elliott Wave Technical Analysis: BTCUSD Forecasting Potential Uptrends, and Trading Strategies

Bitcoin Crypto Price News Elliott Wave Technical Analysis: BTCUSD Forecasting Potential Uptrends, and Trading Strategies

This article provides a comprehensive BTCUSD Elliott Wave analysis, Highlighting Bitcoin's curre...

Read More >
The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23

The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23

The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23 KO Stock Market Analy...

Read More >
Bovespa Index Elliott Wave Analysis: Bovespa Stock Picks, and a Technical View on Bullish and Bearish Signals in the Index Market

Bovespa Index Elliott Wave Analysis: Bovespa Stock Picks, and a Technical View on Bullish and Bearish Signals in the Index Market

This in-depth guide on Bovespa Index analysis covers essential trading insights, Elliott Wave interp...

Read More >
Learn about the Polkadot Crypto Market Trends, and Trading Strategies with DOTUSD Elliott Wave Technical Analysis

Learn about the Polkadot Crypto Market Trends, and Trading Strategies with DOTUSD Elliott Wave Technical Analysis

Discover in-depth Polkadot (DOTUSD) Elliott Wave analysis and price predictions. Learn about the lat...

Read More >
Coca-Cola (KO) Stock Analysis: KO Elliott Wave Technical Analysis & Technical Insights

Coca-Cola (KO) Stock Analysis: KO Elliott Wave Technical Analysis & Technical Insights

Delve into a comprehensive analysis of The Coca-Cola Company (KO) stock through the lens of Elliott ...

Read More >
Australian Dollar/U.S. Dollar (AUDUSD) Analysis: Elliott Wave Insights, Bearish Trends, Key Levels, and Daily & 4-Hour Chart Predictions

Australian Dollar/U.S. Dollar (AUDUSD) Analysis: Elliott Wave Insights, Bearish Trends, Key Levels, and Daily & 4-Hour Chart Predictions

This analysis delves into the AUD/USD Elliott Wave structure, highlighting bearish trends, key inval...

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