Future Prospects and Wave Outlook for the Digital Currency #NEOUSD 🇺🇸 on the 1-Hour Time Frame
🔻 A decline precedes a new surge
After the pair completed a bullish wave in the form of an impulse, this wave was followed by a corrective wave that has already ended with two waves 📉, leaving only the third and final wave to complete this correction.
⏬ Next Support Zone
The descending wave coincides with the pair approaching a major demand zone, in addition to achieving 50% of the length of the previous bullish wave, which enhances the chances of a reversal 🚀.
📊 Expected Scenario
Once this critical area is reached, it is expected that the price will start to rise again through the sub-waves of wave (3)/(C), confirming the upward path.
🔑 Confirmation of the Upward Movement
To ensure that this scenario occurs, we must monitor the breakout of a specific key level.
🔻 A decline precedes a new surge
After the pair completed a bullish wave in the form of an impulse, this wave was followed by a corrective wave that has already ended with two waves 📉, leaving only the third and final wave to complete this correction.
⏬ Next Support Zone
The descending wave coincides with the pair approaching a major demand zone, in addition to achieving 50% of the length of the previous bullish wave, which enhances the chances of a reversal 🚀.
📊 Expected Scenario
Once this critical area is reached, it is expected that the price will start to rise again through the sub-waves of wave (3)/(C), confirming the upward path.
🔑 Confirmation of the Upward Movement
To ensure that this scenario occurs, we must monitor the breakout of a specific key level.
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NEO
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