Elliott Wave Technical Analysis: NEOUSD Crypto Price News For Friday, Feb 28

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NEOUSD Daily Crypto Chart

NEOUSD 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 H4 Crypto Chart

NEOUSD 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 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.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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