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Elliott Wave Analysis TradingLounge Daily Chart, 12 April 2023.

NEO /U.S. Dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Combined

Position: Wave (Y)

Direction Next higher Degrees: Wave  ((2))of Motive

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 9.16

NEO /U.S. Dollar (NEOUSD) Trading Strategy: Neo is on a resting wave. The second one is likely to fall at the level of 61.8% of the first wave. Wait for the second wave to finish to join the trend again.

NEO /U.S. Dollar(NEOUSD) Technical Indicators: The price is above the MA200 indicating an uptrend The wave oscillators above Zero-Line momentum are bullish.

Analyst: Kittiampon Somboonsod, CEWA

​Elliott Wave Analysis TradingLounge 4H Chart, 12 April 2023.

NEO /U.S. Dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Combined

Position: Wave (Y)

Direction Next higher Degrees: Wave  ((2))of Motive

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 9.16

NEO /U.S. Dollar (NEOUSD) Trading Strategy: Neo is on a resting wave. The second one is likely to fall at the level of 61.8% of the first wave. Wait for the second wave to finish to join the trend again.

NEO /U.S. Dollar(NEOUSD) Technical Indicators: The price is above the MA200 indicating an uptrend The wave oscillators above Zero-Line momentum are bullish.

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