NEO Nqe: Bullish Breakout ntawm $ 19 Qib tuaj yeem nce nqi mus rau $ 22 

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Kev Ntsuam Xyuas Nqe NEO - Kaum Ib Hlis 24

 In case the bulls push up the price to penetrate the resistance level of $19, the coin will be exposed to the resistance level of $22 in which it may extend to the $25 price level. Should the $19 resistance level hold; the price may pull back towards the support level at $16. 

 NEO / USD Kev Lag Luam
 Cov Ntsiab Ntsiab:

Theem qib: $ 19, $ 22, $ 25

Cov nyiaj them yug theem: $ 16, $ 13, $ 12

 NEO / USD Kev Ntshaw Ntev - Bullish

 The crypto was on the ranging movement two weeks ago. The price was slowly consolidating towards the resistance level of $16. Last week, the bulls gained enough momentum and break up the resistance level of $16, increases towards the $19 price level. The pullback was carried out to retest the broken level. Today, the bulls push up the price to test the $19 price level. A further price increase is possible.

NEOUSD, Daily chart, November 24

 The fast-moving average (9 periods) has crossed the slow-moving average (21 periods) upside and the price is trading above the two EMAs which indicates a bullish signal. In case the bulls push up the price to penetrate the resistance level of $19, the coin will be exposed to the resistance level of $22 in which it may extend to the $25 price level. Should the $19 resistance level hold; the price may pull back towards the support level at $16. Below the mentioned level is the $13 and $12 support level.

  NEO / USD Kev Lag Luam Nruab Nrab Ntu-Bullish

 The bulls prevailed over the bears in the course of consolidation that the coin experiences last week. The resistance level of $16 was broken upside and the price rally towards the $22 level. There was a price retracement after the breakout. At the moment, the price is increasing to a test $19 price level which may lead to a breakout.

NEOUSD 4-hoyr chart, November 24

 

NEO is trading above the 9 periods EMA and the 21 periods EMA while the relative strength index period 14 is displaying a bullish signal.  

 

 

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