Neo Crypto Price News Today Elliott Wave Technical Analysis - Thursday, September 12
Elliott Wave Analysis TradingLounge Daily Chart,
NEO / U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction Next higher Degrees: Wave (II) of Impulse
Wave Cancel invalid Level: 9.85
Details: Wave (II) is likely to have ended and prices are resuming the uptrend.
NEO / U.S. dollar(NEOUSD)Trading Strategy:
It looks like the wave (II) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (III) uptrend.
NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
Elliott Wave Analysis TradingLounge H4 Chart,
NEO / U.S. dollar(NEOUSD)
NEOUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction Next higher Degrees: Wave (II) of Impulse
Wave Cancel invalid Level: 9.85
Details: Wave (II) is likely to have ended and prices are resuming the uptrend.
NEO / U.S. dollar(NEOUSD)Trading Strategy:
It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.
NEO / U.S. dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
(Click on image to enlarge)
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