18Mar
NEOUSD Elliott Wave Technical Analysis March 18 2023
NEOUSD Elliott Wave Technical Analysis March 18 2023
4Hour
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 I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level: 9.13
Neo /U.S.dollar(NEOUSD)Trading Strategy: Neo has recovered from the 9.13 level above the MA200 line, it is possible that wave ((2)) has ended. And the five-wave increment from this point confirms this idea. This leads us to forecast an increase in wave((3)) at the level of 1.618 x wave((1)) at 15.25
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
Daily
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 I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level: 9.13
Neo /U.S.dollar(NEOUSD)Trading Strategy: Neo has recovered from the 9.13 level above the MA200 line, it is possible that wave ((2)) has ended. And the five-wave increment from this point confirms this idea. This leads us to forecast an increase in wave((3)) at the level of 1.618 x wave((1)) at 15.25
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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