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

About the Author
Related
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Bitcoin on the 4-hour chart has recovered well...
Read More >
A technical analysis using Elliott Wave charts by Kittiampon Somboonsod suggests that Aave (AAVEUSD)...
Read More >
Bitcoin and cryptocurrency traders may be interested in Kittiampon Somboonsod's Elliott Wave cha...
Read More >
The billion dollar sell off from 65000 sends cryptos into a large corrective pattern. Bitcoin Elliot...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Neo Coin is still in the structure of Impulse ...
Read More >
Tracking two counts: the primary count is Wave ii of (c) of ii) back close to 50K. Second count is t...
Read More >
You need to login in order to comment