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Elliott Wave Analysis TradingLounge Daily Chart,

NEO / U.S. dollar(NEOUSD)

NEOUSD 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, and The Wave Oscillator has a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4H Chart,

NEO / U.S. dollar(NEOUSD)

NEOUSD 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, and The Wave Oscillator has a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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