Key Support Levels: $6, $4, $2
NEO/USD Price Long-term Trend: Bearish
NEO is presently falling as a result of its inability to hold above the $12 resistance level. The bulls made attempt twice at the $12 resistance but were repelled. The price drops to the low of $8.90 and pulled back. The pullback was a retest at the $10 price level. After the retest the market resumes selling. The price is falling and approaching the low at $7.0. A break below $7.0 will mean the resumption of the downtrend. NEO will move up if the support at $7.0 holds.
Daily Chart Indicators Reading:
Today the price is testing the support line of the ascending channel. A break below the support line will mean the continuation of the downtrend. NEO is below the 40% range of the daily stochastic meaning that the price is in a bearish momentum.
NEO/USD Medium-term bias: Bearish
On the 4-hour chart, the bears are still in control. The price has been fluctuating between the levels of $9 and $10. The bulls fail to break the $10 resistance as the price attempts to break the support at $9. NEO may drop to the low of $7.0, once the support is broken.
4-hour Chart Indicators Reading
The 21-day and 50-day SMA sloping horizontally indicating price is in a range bound movement. The price has been testing the support line and break down will mean the continuation of the downward move.
General Outlook for NEO
NEO has been on a downward move. The indicators are still showing bullish signals. From the price action, the market seems to be consolidating above the $8.90 support level. NEO will resume an upward once the support holds.
NEO Trade Signal
Instrument: NEOUSD
Order: Buy Limit
Entry price: $8.97
Stop: $7.0
Target: $12
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
