NEO/USD is doing well, but the upside may be limited. Intraday RSI gets close to an overbought territory. NEO is doing well with nearly 3% growth since the beginning of the day. The 17th largest coin with the current market value of $705 million surpassed $10.90 handle, which increased the bullish bias. At the time of writing the coin is changing hands at $10.90 amid growing volatility. Considering that the intraday RSI points upwards, the short-term trend may gain traction, however, the bulls should be careful as the indicator came close to an overbought territory. Looking technically, NEO/USD is capped by $11.00 handle. This resistance is created by SMA50 (4-hour), SMA100 and SMA200 (1-hour). Once this barrier is out of the way, the recovery may gain traction with the next focus on $11.63 (SMA100 4-hour) and psychological $12.00. On the downside, the initial support comes at $10.70 (SMA50, 1-hour). It is followed by the intraday low of $10.45 and $10.00 NEO/USD, 1H 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 EUR/GBP extends the sideline theme above 0.8600 FX Street 4 years NEO/USD is doing well, but the upside may be limited. Intraday RSI gets close to an overbought territory. NEO is doing well with nearly 3% growth since the beginning of the day. The 17th largest coin with the current market value of $705 million surpassed $10.90 handle, which increased the bullish bias. At the time of writing the coin is changing hands at $10.90 amid growing volatility. Considering that the intraday RSI points upwards, the short-term trend may gain traction, however, the bulls should be careful as the indicator came close to an overbought territory. Looking technically, NEO/USD is… 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.
