NEO/USD recovered from the recent low, still under $12.00. The initial support is created by SMA200 on a daily chart. NEO is the best-performing altcoin out of top-20 on Wednesday. The coin with the current market capitalization of $839 million climbed from 17th to 16th position in the global cryptocurrency market rating compiled by CoinMarketCap. At the time of writing, NEO/USD is changing hands at $11.90, off Tuesday’s low registered at $11.10. NEO/USD, the technical picture From the longer-term perspective, the recent low of $11.10 serves as strong support, reinforced by SMA200 (Simple Moving Average) daily. Once it is out of the way, the sell-off may continue towards the next psychological barrier $10.00 with the lower line of the daily Bollinger Band located on approach. The next support is created by a confluence of SMA50 and SMA100 at $9.30. On the upside, NEO/USD recovery is initially capped by $12.00 and the upper line of the daily Bollinger Band at $12.92, which is closely followed by psychological $13.00. This barrier may attract new short-term sellers and push the price back inside the range. However, once it is broken, the recovery is likely to gain traction with the next focus on the recent high of $13.40. NEO/USD, 1-day 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 Forex Today: US Senate’s HK bill weighs on sentiment, Corbyn crashing the pound, Fed minutes awaits FX Street 3 years NEO/USD recovered from the recent low, still under $12.00. The initial support is created by SMA200 on a daily chart. NEO is the best-performing altcoin out of top-20 on Wednesday. The coin with the current market capitalization of $839 million climbed from 17th to 16th position in the global cryptocurrency market rating compiled by CoinMarketCap. At the time of writing, NEO/USD is changing hands at $11.90, off Tuesday's low registered at $11.10. NEO/USD, the technical picture From the longer-term perspective, the recent low of $11.10 serves as strong support, reinforced by SMA200 (Simple Moving Average) daily. Once it… 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.
