Local resistance is created by 100-SMA (1-hour chart) The long term trend is defined by 50-DMA. NEO, the 13th largest coin, is trading at $33.41 to press time, with the long-term downside bias. The coin has recovered from early Asian low at $32.66, but it is still 5% lower on a daily basis. NEO has a market value of $2.1B and an average trading daily volume at $80M. NEO’s technical picture On the intraday level, NEO/USD recovery is capped by $33.82 (100-SMA, 1-hour chart), followed by $34.20 with both 50 and 200-SMAs clustered around this area. Fresh selling interest spotted on approach to this level, may stop the recovery. If $33.00 gives way, $32.00 with $31.20 (recent low) will come into focus. Once it is cleared, the sell-off may be extended towards $30.00 and $27.00. On a daily chart, NEO is capped by 50-DMA (currently at $36.26), moving within the long-term bearish trend. A sustainable movement higher is needed to bring $40.00 into focus. The ultimate bullish goal is at $44.27 (previous low of 2018). NEO/USD, 1-hour 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 WTI pauses 3-day rally, near $ 69.50 ahead of US GDP, rigs data FX Street 5 years Local resistance is created by 100-SMA (1-hour chart) The long term trend is defined by 50-DMA. NEO, the 13th largest coin, is trading at $33.41 to press time, with the long-term downside bias. The coin has recovered from early Asian low at $32.66, but it is still 5% lower on a daily basis. NEO has a market value of $2.1B and an average trading daily volume at $80M. NEO's technical picture On the intraday level, NEO/USD recovery is capped by $33.82 (100-SMA, 1-hour chart), followed by $34.20 with both 50 and 200-SMAs clustered around this area. Fresh selling interest spotted… 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.
