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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 from prices remaining in the third-wave price structure. We expect the price to test the 40.75 level, which is 161.8% of the length of the first wave. So look for opportunities to join the uptrend.

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart

NEO/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

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

Wave Cancel invalid Level: 9.85

Details: The Wave ((2)) is equal to 61.8% of Wave ((1)) at 14.24

NEO/ U.S. dollar(NEOUSD)Trading Strategy:

NEO is still in an uptrend. But there may be a short-term pullback of the second wave at the level of 14.14 before rising again in the third wave. So wait for the correction to complete to rejoin the trend.

NEO/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Technical Analyst Kittiampon Somboonsod

Source: Tradinglounge.com

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