NEO price traded with modest losses during the session on Tuesday, although a big move looks possible. A bearish pennant pattern formation can still be seen, as the price trades within that. The NEO price was trading with modest losses on Tuesday, after the short-lived bull-run ran out of steam, being knocked back down with some weight, from the highs of the session at $41.50, a troublesome area. NEO/USD is trading within a bearish pennant pattern formation, which has been respected since 14th June. A breakout to the downside could be very costly for NEO, very inviting to the bears to sell on the textbook pattern development. Technically, as demonstrated today (Tuesday) there is much resistance at the session highs, tracking from $41-42, a strong touted supply zone. A firm push and break from the bears could see a fast move back towards $44-45. Given current downside pressure, support is eyed at $37 and then $35, a break there could be catastrophic for NEO/USD. 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 Goldman’s Blankfein: probably no US-China trade war FX Street 4 years NEO price traded with modest losses during the session on Tuesday, although a big move looks possible. A bearish pennant pattern formation can still be seen, as the price trades within that. The NEO price was trading with modest losses on Tuesday, after the short-lived bull-run ran out of steam, being knocked back down with some weight, from the highs of the session at $41.50, a troublesome area. NEO/USD is trading within a bearish pennant pattern formation, which has been respected since 14th June. A breakout to the downside could be very costly for NEO, very inviting to the… 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.
