NEO has two breakout zones; $56.00 to the upside and $53 – $52 on the flipside. The 100 SMA is supporting the price close to the 50% Fibo, while 200 SMA will prevent declines at $52.00. NEO price gathered the strength to attack the resistance zone at $56.0 but selling pressure was too high which culminated in the crypto making lower corrections to seek balance. The price has formed a double top pattern, followed by a short downside breakout that was stopped by the 50% Fib retracement level with the last high leg at $59.5 and a low of $47.6. The price is currently trading at $54.2, but on the upside, the 61.8% Fibo will offer resistance before NEO/USD attempts to approach the breakout at $56.0 again. Beyond this NEO price will gain momentum to attack the key resistance at $60.0. On the flipside, the 100 SMA is supporting the price slightly below the 50% Fibo, moreover, the 200 SMA will also offer support around $52.00. If NEO/USD slides below the support at $53 – $52.0, the price could test the bottom below $50.00 heading towards the major support area around $45.00. 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 US Dollar bid near 94.30 post-ISM FX Street 5 years NEO has two breakout zones; $56.00 to the upside and $53 - $52 on the flipside. The 100 SMA is supporting the price close to the 50% Fibo, while 200 SMA will prevent declines at $52.00. NEO price gathered the strength to attack the resistance zone at $56.0 but selling pressure was too high which culminated in the crypto making lower corrections to seek balance. The price has formed a double top pattern, followed by a short downside breakout that was stopped by the 50% Fib retracement level with the last high leg at $59.5 and a low of $47.6.… 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.
