NEO Price Rebounds at $19 Resistance Level, Targeting $16 Support Level 

Aziz Mustapha

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Kusanthula Mtengo wa NEO - Okutobala 26

 The crypto may retest the support level at $16 and break down the level, decline to $14, and $12 support level. In case the price is rejected at $16, then the ranging movement may continue. At the upper side of the market above $19 levels, resistance levels can be found at $22 and $25.

Msika wa NEO / USD
Magawo Aakulu:

Magawo otsutsa: $ 19, $ 22, $ 25

Magawo othandizira: $ 16, $ 14, $ 12

 NEO / USD Njira Yakale - Bearish 

 The resistance level at $19 and the support level at $16 has been a ranging level for NEO/USD for more than four weeks. The scenario started on October 20 when the price bottomed at the support level of $19, the bears could not break down the level due to weak momentum. The resistance level at $19 also has been a barrier for the bulls. Since then the price has been ranging within the above-mentioned levels.

NEOUSD daily chart, October 26

 The coin tested the upper range level on October 22 and currently declining towards the support level at $16. It has already penetrates the two dynamic support level downside, meaning that, the bears are prevailing. The crypto may retest the support level at $16 and break down the level, decline to $14, and $12 support level. In case the price is rejected at $16, then the ranging movement may continue. At the upper side of the market above $19 levels, resistance levels can be found at $22 and $25. The relative strength index period 14 is at 50 levels bending down to display the sell signal.

  NEO / USD Zochitika Zakale - Bearish

 NEO is bearish on the medium-term outlook; the buyers dominated the NEO Market last week and the resistance level of $19 was reached. The mentioned level rejects the price and prevents further increase. Sellers gather momentum, exerts pressure, price starts to decline towards the support level at $16. 

Tchati cha ola la NEOUSD 4, Okutobala 26

The Crypto is trading below the two EMAs and the 9 periods EMA is below the 21 periods EMA. However, the relative strength index period 14 is at 40 levels bending down to indicate a sell signal. 

 

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Aziz Mustapha

Azeez Mustapha ndi katswiri wazamalonda, wowunikira ndalama, wopanga ma siginolo, komanso woyang'anira ndalama wokhala ndi zaka zopitilira khumi pazachuma. Monga wolemba mabulogu komanso wolemba zandalama, amathandizira ogulitsa kuti amvetsetse malingaliro ovuta azachuma, kuwongolera luso lawo logwiritsa ntchito ndalama, komanso kuphunzira momwe angagwiritsire ntchito ndalama zawo.

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