- The bulls have taken over the NEO/USD market and increased its price from $8.5 to $9.
- The market has continued its bullish trend and has trended above the 100-day simple moving average (SMA 100) curve for the last three days.
The bulls have taken over the NEO/USD market and pushed its price from $8.5 to $9, charting a 6% increase in its market value. This continues the upward, bullish trend that the market has experienced over the last three days. If this momentum continues, then the market will breach the $10 mark.
NEO/USD daily chart
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The NEO/USD market has been extremely bullish for the last three days as it is trending above the 75-day simple moving average (SMA 75). The 20-day Bollinger band shows us two things:
- The market is becoming increasingly volatile.
- The NEO/USD market is trending close to the upper curve of the Bollinger band, which again signifies an increasingly bullish market.
The moving average convergence/divergence (MACD) histogram shows that the market is volatile and has bullish momentum. The relative strength index (RSI) curve is about to enter the overbought zone.
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