TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

NEO Elliott Wave technical analysis [Video]

NEO Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart,

NEO/U.S. dollar(NEOUSD).

NEO/USD Elliott Wave Technical Analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (3).

Direction next higher degrees: Wave ((3)) of Impulse.

Wave cancel invalid level: 9.85.

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52.

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

NEO is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 19.45 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Chart

Elliott Wave Analysis TradingLounge 4H Chart,

NEO/U.S. dollar(NEOUSD)

NEO/USD Elliott Wave technical analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction next higher degrees: Wave ((3)) of Impulse

Wave cancel invalid level: 9.85

Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52

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

NEO is still in an uptrend in the form of an Impulse Wave and the price has a chance to test the 19.45 level before correcting again. Therefore, the overall picture is still a continuous increase. Look for opportunities to open long positions.

NEO/U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Technical analyst: Kittiampon Somboonsod

Chart

NEO/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Editor's Picks

XRP, ADA, and SOL are vulnerable to deeper losses

XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.