NEO/USD tries to develop a bullish momentum on intraday level. Local resistance is created by $35.50. NEO, the 13th largest coin, is trading at $35.00 to press time, with the long-term downside bias. The coin has gained 1.3% on a a daily basis and 6% since the beginning of Thursday. NEO has a market value of $2.2B and an average trading daily volume at $87M. NEO’s technical picture On the intraday level, NEO/USD recovery is capped by $35.50 (Wednesday’s high). Fresh selling interest spotted on approach to this level, may trigger the downside correction. If $35.00 gives way, $34.00 with 50-SMA (1-hour chart) on approach will come into focus, followed by $33.82 (100-SMA). 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 $36.70); the long-term trend remains bearish as long as the price stays belwo this level. A sustainable movement higher will 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 German ForeignMin Maas: There will be no further EU-US trade escalation for now FX Street 5 years NEO/USD tries to develop a bullish momentum on intraday level. Local resistance is created by $35.50. NEO, the 13th largest coin, is trading at $35.00 to press time, with the long-term downside bias. The coin has gained 1.3% on a a daily basis and 6% since the beginning of Thursday. NEO has a market value of $2.2B and an average trading daily volume at $87M. NEO's technical picture On the intraday level, NEO/USD recovery is capped by $35.50 (Wednesday's high). Fresh selling interest spotted on approach to this level, may trigger the downside correction. If $35.00 gives way, $34.00 with… 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.
