- NEO/USD went down from $12 to $11.28 over this Tuesday.
- The SMA 200 has crossed over the SMA 20 in the hourly NEO/USD price chart.
NEO/USD daily chart
After a period of consolidation, the bears took full control of the market and dropped the price down from $12 to $11.28 this Tuesday. The 20-day simple moving average (SMA 20) curve is acting as immediate market resistance, while SMA 200 is acting as support. The SMA 50 curve is trending above the daily price chart. The moving average convergence/divergence (MACD) shows decreasing bullish momentum.
NEO/USD 4-hour chart
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The 4-hour price chart was trending within the green Ichimoku cloud before the bears took control. The Elliot oscillator shows seven straight bearish sessions of increasing intensity.
NEO/USD hourly chart
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The hourly price chart was falling dramatically and flirting with the lower curve of the 20-day Bollinger curve. The bulls took over the last two sessions to make sure that the price stays within the band and isn’t undervalued. The SMA 200, SMA 50 and SMA 20 curves are trending above the hourly price chart. The SMA 200 curve has crossed over the SMA 20 curve, which is a bearish sign. The relative strength index (RSI) indicator is trending in the oversold zone.
Key Levels
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