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NEO/USD Elliott Wave technical analysis [Video]

NEO/USD Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

NEO/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave Y.

Wave cancel invalid level: 

Details: The correction is a WXY Correction pattern which finished at around 8.598 USD.

NEO

NEO/USD daily crypto chart

NEO/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave Y. 

Wave cancel invalid level: 

Details: The correction is a WXY Correction pattern which finished at around 8.598 USD.

NEOUSD

NEO/USD four-hour crypto chart

NEO/USD is undergoing a corrective counter-trend movement, forming a zigzag (WXY) pattern that concluded around 8.598 USD. The current Wave ((C)) suggests a continuation towards Wave Y in the next higher degree.

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.

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