NEO/USD lags a bullish pennant pattern breakout likely to catapult the price towards $14.00. NEO price is supported by the 50 SMA, $11.00 and $10.00, respectively. NEO price 3.35% gain is propelling the bullish flag above the cryptocurrency landscape. It is among the biggest single-digit gainers on Wednesday as we grind to the end of the Asian session. NEO/USD opened the session at $11.61 only to shoot up to $12.09 (intraday high). A slight correction southwards has seen it trade at $11.93 (market value). NEO currently holds the 19th position on the market, with a market cap of $839 million. In the last 24 hours, exchanges have reported a trading volume of $1.1 billion; a significant increase from $757 million on March 1. The downtrend experienced in the market from February 13 did not spare NEO. The price spiraled to levels around $10.43, leaving the support at $10.00 untested. Immense buying pressure has steadily sent NEO into recovery, touching the resistance at $12.00 on the upside. However, descending channel resistance is still in place, and hinders growth. Moreover, the 23.6% Fibonacci level resistance must be cleared for a proper shot at higher levels. NEO price immediate downside is guarded by the 50 SMA on the 4-hour chart. Also offering support is short term trendline, forming part of a bullish pennant pattern. A break above the pennant pattern coupled with increased volume could ensure that NEO/USD sustains gains above $12.00 and trends towards the key $14.00 hurdle. NEO/USD 4-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 Gold Price Analysis: Rejected above $1,650 after biggest single-day gain since June 2016 FX Street 3 years NEO/USD lags a bullish pennant pattern breakout likely to catapult the price towards $14.00. NEO price is supported by the 50 SMA, $11.00 and $10.00, respectively. NEO price 3.35% gain is propelling the bullish flag above the cryptocurrency landscape. It is among the biggest single-digit gainers on Wednesday as we grind to the end of the Asian session. NEO/USD opened the session at $11.61 only to shoot up to $12.09 (intraday high). A slight correction southwards has seen it trade at $11.93 (market value). NEO currently holds the 19th position on the market, with a market cap of $839 million.… 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.
