Elliott Wave Technical Analysis: NEOUSD

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Elliott Wave Analysis TradingLounge Daily Chart, 24 August 2022, NEO (NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave ((2)) of Impulse Details: A decline in a wave that accumulates power to continue its uptrend is usual y retracement equal to 0.50% or 0.618% of the length of the first wave.

Wave Cancel invalid Level: 7.83
NEO (NEOUSD) Trading Strategy: Rebounding from last week's lows But still can't rise above the MA line, but even so, the view is still a throwback to continue the uptrend.

Waiting for clarity again
NEO (NEOUSD) Technical Indicators: the RSI is signaling a Hidden Bullish divergence.

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 24 August 2022, NEO (NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave ((2)) of Impulse Details: A decline in a wave that accumulates power to continue its uptrend is usual y retracement equal to 0.50% or 0.618% of the length of the first wave.

Wave Cancel invalid Level: 7.83
NEO (NEOUSD) Trading Strategy: Rebounding from last week's lows But still can't rise above the MA200 line, but even so, the view is still a throwback to continue the uptrend.

Waiting for clarity again
NEO (NEOUSD) Technical Indicators: the RSI is signaling a Bullish divergence.