NEO bulls try to defend $13.00 support after the rejection at $13.50. The ascending channel support will come in handy if declines trim gains towards the $12 support area. NEO was supper bullish on Wednesday adding more than 10% to its value. The crypto approached $13.50 but stalled at $13.44. The consistent uptrend began over the last weekend and followed a slump in price witnessed on Friday. NEO continues to stir action north within an ascending channel. Besides, a retreat from yesterday’s breakout is likely to bounce back up from the channel support. NEO/USD is flirting with $13.00 above the 50 SMA on the 1-hour chart currently at $12.41. If NEO breaks the channel resistance, it is likely to find support at $12, the 100 SMA at $11.71 and $10.50. The retreat is supported by the RSI’s movement from the overbought toward the average at 50. On the brighter side, as long as the gap between the SMA 50 and SMA 100 keeps widening, Bitcoin bulls’ grip will stay intact through the coming sessions before the weekend. 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 Australia: Employment falls for the first time in more than three years – ANZ FX Street 3 years NEO bulls try to defend $13.00 support after the rejection at $13.50. The ascending channel support will come in handy if declines trim gains towards the $12 support area. NEO was supper bullish on Wednesday adding more than 10% to its value. The crypto approached $13.50 but stalled at $13.44. The consistent uptrend began over the last weekend and followed a slump in price witnessed on Friday. NEO continues to stir action north within an ascending channel. Besides, a retreat from yesterday's breakout is likely to bounce back up from the channel support. NEO/USD is flirting with $13.00 above 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.
