The tentative support at $10 could not hold amid the acute selling power on July 10. NEO is grinding closer to a triangle breakout that could boost the gains above $14.00. NEO has endured the bear pressure in the first two days of the week only to come out successful. The crypto pressed down by the intense pressure failed to find support at $14 and $12 respectively. Besides, the tentative support at $10 could not hold amid the acute selling power. A slight dip below this level took advantage of the diminishing selling pressure to form a low at $9.74 on July 4. The buyers, confident in the ability to beat the bullish pressure, pushed for gains above $10. Increasing buying power made a dazzling move the 50 Simple Moving Average (SMA) 4-hour The attempt to smash through the resistance at $14.00 was unfortunately unsuccessful. Read also: Bitcoin will hit $55k by 2020: Predicts Bitcoin bear turned bull Joe Kernen With the upside movements limited by the falling trendline resistance, NEO has formed a lower low pattern heading towards $10.00 support. A weekend low at $10.50 revived the trend culminating in today’s 3.15% gains. NEO is trading at $11.60 between the 50 SMA support and the 100 SMA resistance at $11.84. Moreover, NEO is grinding closer to a triangle breakout that could boost the gains above $14.00. Technically, the trend is bullish especially with the Relative Strength Index (RSI) gradually sloping towards the overbought. 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: FOMC and ADP employment in focus – TD Securities FX Street 4 years The tentative support at $10 could not hold amid the acute selling power on July 10. NEO is grinding closer to a triangle breakout that could boost the gains above $14.00. NEO has endured the bear pressure in the first two days of the week only to come out successful. The crypto pressed down by the intense pressure failed to find support at $14 and $12 respectively. Besides, the tentative support at $10 could not hold amid the acute selling power. A slight dip below this level took advantage of the diminishing selling pressure to form a low at $9.74… 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.
