NEO/USD consolidated the losses above $17.00 resulting in an upward swing above $20.00. NEO controls the reaction to the double top pattern. NEO is among the few coins trading in the green on Friday afternoon (GMT). The market has turned bloody red, although cryptocurrencies opened the day’s trading making considerably recovery. NEO is up 1% on the day but it has trimmed the gains after it formed a double top-pattern around the highs of $20.50. After consolidating the losses, it had suffered on Monday and Tuesday, NEO started correcting higher above the $17.00 support. There was a retracement above the moving averages (SMA and 200SMA) yesterday. This opened paved the way for more upside movement above the resistance at $19.00. NEO/USD continued with the gains above $20.00 but stalled on trading highs of $20.50. This led to the formation of a double top pattern which allowed the sellers to enter. The declines below $20.00 broke past the support at $19.00, tested $18.50 but formed a low at $18.72. At the time of writing, the bulls are pushing for recovery after pulling back above $19.00. Both the moving averages worked as support lines during the slight declines. The trend prevailing at the moment is bullish and NEO is hammering on $19.25. If NEO/USD manages to break above $19.50 it could open the door for more gains above $20.00. NEO/USD 60-minutes 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 Wall Street opens modestly lower dragged by financials FX Street 4 years NEO/USD consolidated the losses above $17.00 resulting in an upward swing above $20.00. NEO controls the reaction to the double top pattern. NEO is among the few coins trading in the green on Friday afternoon (GMT). The market has turned bloody red, although cryptocurrencies opened the day's trading making considerably recovery. NEO is up 1% on the day but it has trimmed the gains after it formed a double top-pattern around the highs of $20.50. After consolidating the losses, it had suffered on Monday and Tuesday, NEO started correcting higher above the $17.00 support. There was a retracement above 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.
