NEO/USD holding onto gains of 1.5% on Monday, continuing the recover commenced on Sunday. Technically, a rising wedge pattern can be seen for NEO/USD on the 60-minute time frame. The NEO price enjoyed a decent bounce off the lows produced on Sunday, which were seen at $28.62. On Monday, NEO/USD managed to recover back up to highs on in the session of $32.85, before running into resistance at the 38.2% Fibonacci. NEO/USD had started dropping on Thursday 21st June, after it had completed at head and shoulders pattern, which saw a sell-off starting to pick up pace once the neckline support had been breached. The price had lost around 27% from 21st until 24th June, before recovering some 12%. Technically, since the jump high over Sunday and Monday’s session, the price has started moving range-bound, understandably after going through some ride. Given the recent price behaviour, a rising wedge pattern can be seen on the 60-minute chart, near-term resistance at $33 and support seen at $31.45. NEO/USD 60-minute 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 Market wrap: risk sentiment deteriorated – Westpac FX Street 4 years NEO/USD holding onto gains of 1.5% on Monday, continuing the recover commenced on Sunday. Technically, a rising wedge pattern can be seen for NEO/USD on the 60-minute time frame. The NEO price enjoyed a decent bounce off the lows produced on Sunday, which were seen at $28.62. On Monday, NEO/USD managed to recover back up to highs on in the session of $32.85, before running into resistance at the 38.2% Fibonacci. NEO/USD had started dropping on Thursday 21st June, after it had completed at head and shoulders pattern, which saw a sell-off starting to pick up pace once the… 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.
