NEO reverses the trend to lead cryptos in recovery following Thursday brief slump. If this triangle breakout occurs, we can expect NEO/USD to close the week in significant gains. Following the declines on Thursday 21, the market is experiencing a steady rise from the lows recorded. Most of the assets are in the green accept few such Ripple, IOTA and EOS. NEO is leading the recovery among the top twenty cryptocurrencies with gains exceeding 2.5% on the day. Ethereum Classic is also on an upward trajectory with gains above 2%. The 4-hour timeframe chart shows a growing bullish momentum between the 100 SMA 4-hour support and the 50 SMA 4-hour resistance. This is in addition to a triangle pattern that is nearing a breakout. If this breakout occurs, we can expect NEO/USD to close the week in significant gains. The bullish momentum is supported by the RSI heading north from the levels around 36.39. A revival of the upside can also be seen with the stochastic oscillator currently at 48.48. As long as the technical levels can remain positive, NEO/USD has the potential to rise above the current value at $9.26 and test the key resistance at $10.00. NEO/USD 240′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/RUB clinches highs near 64.30 post-CBR FX Street 4 years NEO reverses the trend to lead cryptos in recovery following Thursday brief slump. If this triangle breakout occurs, we can expect NEO/USD to close the week in significant gains. Following the declines on Thursday 21, the market is experiencing a steady rise from the lows recorded. Most of the assets are in the green accept few such Ripple, IOTA and EOS. NEO is leading the recovery among the top twenty cryptocurrencies with gains exceeding 2.5% on the day. Ethereum Classic is also on an upward trajectory with gains above 2%. The 4-hour timeframe chart shows a growing bullish momentum between… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
