NEO price retraces after the bounce. Long term charts suggest recent lows won’t hold. Long term charts of NEO suggest, it is done with the immediate bounce that was long overdue and its ongoing journey to the bottomless pit is ensuing again. NEO/USD is down about a percent on day at $33.86, not far from day’s low of $33.598. On the daily chart, apart from retracing from 21 days simple moving average, NEO has also faced stiff resistance in the form of a descending trendline and has failed every time it tried to cross past it. Immediate support is now placed at $30, break of which will put recent low of $27 at risk of breach, which is quite likely given the lack of momentum for this crypto. NEO/USD daily 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 Litecoin price analysis: In the bottoming out process, but journey is tough FX Street 5 years NEO price retraces after the bounce. Long term charts suggest recent lows won't hold. Long term charts of NEO suggest, it is done with the immediate bounce that was long overdue and its ongoing journey to the bottomless pit is ensuing again. NEO/USD is down about a percent on day at $33.86, not far from day's low of $33.598. On the daily chart, apart from retracing from 21 days simple moving average, NEO has also faced stiff resistance in the form of a descending trendline and has failed every time it tried to cross past it. Immediate support is now… 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.
