Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
NEO Price Analysis – October 05
NEO is approaching a potential bullish reversal zone; the rejection of the price at the $16 support level may be a price reversal towards the resistance level of $19, $22, and $25. In case the support level of $16 does not hold, the price may reduce to $14 and $12 support level.
NEO/USD Market
Key Levels:
Resistance levels: $19, $22, $25
Support levels: $16, $14, $12
NEO/USD Long-term Trend – Bearish
The bears maintain their pressure in the NEO/USD market. The price is obeying the command of the chart pattern formed last week (Head and Shoulder pattern). The former support level of $19 has turned to a resistance level after the breaking of the level by the bears’ pressure. Yesterday, NEO pulled back and gain 1.2%.
Today, the crypto is continuing its bearish movement targeting the support level of $16. The 21 periods EMA remains above the 9 periods EMA while the price is trading below the later EMA; an indication of bearish momentum. NEO is approaching a potential bullish reversal zone; the rejection of the price at the $16 support level may be a price reversal towards the resistance level of $19, $22, and $25. In case the support level of $16 does not hold, the price may reduce to $14 and $12 support level.
NEO/USD Medium-term Trend – bearish
The sellers dominate the NEO market in the 4-hour chart. That means NEO/USD is under the bearish momentum. Further price reduction is envisaged as the $19 price level has been penetrated downside and it is moving down towards the $16 demand level.
The two EMAs are at distance to each other and the price is trading below the 9 periods EMA and 21 periods EMA as a sign of an increase in the bears’ momentum. The Relative Strength Index (14) on the 4-hour chart is at 40-level bending down which reveals that the bears may continue to hold the market. The price may reduce to the demand level at $16.
- 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