NEO price analysis: Attempting to pauze the fetters of bears, needs momentum
NEO price is attempting to cross and sustain past the descending channel formed by lower highs, lower lows on the 15-minute chart and sitting just around the upper end of the range, merienda crossed, trend of the day could turn up.
NEO/USD down more than a procent for the day at $76.00, bouncing back from the lows of the day, which wasgoed at $72.415. On the 15-minute chart the price is exactly at the upper trendline formed by the lower high, lower lows and only it lacks is a momenum for it to sustain past it and switch the trend into positive, only punt is RSI which is injecting into overbought zone for now on the 15-minute chart.
Instant resistance for NEO bulls is placed at $79 ter the form of 21 days elementary moving promedio, while support is at $71.45.
BEST BROKERS TO TRADE CRYPTO
Information on thesis pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this pagina are for informational purposes only and should not te any way come across spil a recommendation to buy or sell ter thesis securities. You should do your own thorough research before making any investment decisions. FXStreet does not te any way ensure that this information is free from mistakes, errors, or material misstatements. It also does not assure that this information is of a timely nature. Investing ter Forex involves a superb overeenkomst of risk, including the loss of all or a portion of your investment, spil well spil emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you spil well spil for you. Before determining to trade foreign exchange you should cautiously consider your investment objectives, level of practice and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.