Neo Price Analysis: NEO/USD drops below $12 in the early hours of Tuesday

Updated: 3 Mar. 2020 | 05:32

NEO/USD floats above the green Ichimoku cloud.
The MACD indicator shows decreasing bearish momentum.

NEO/USD daily chart

NEO/USD trends in a downward channel formation as the price fell from $12.02 to $11.90 in the early hours of Tuesday and is hovering above the green Ichimoku cloud and the SMA 200. The price had a heavily bullish Monday, where it spiked from $11.37 to $12.08. The MACD indicates decreasing bearish momentum, while the Elliott Oscillator has had two green sessions, following 14 consecutive red sessions.

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