- NEO/USD has gone down from $12.05 to $11.55.
- The death cross has been charted in the hourly price chart as SMA 200 crossed over the SMA 50.
NEO/USD daily chart
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The daily NEO/USD chart has had three bearish days in a row as the price fell from $13.35 to $11.55 in this period. The hourly price chart is trending below the 20-day simple moving average (SMA 20) and SMA 50 curves. After the SMA 50 crossed over with the SMA 20, the market has had solely bearish sessions. The Elliot oscillator shows a bearish session following four straight bullish sessions.
NEO/USD 4-hour chart
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The 4-hour market is trending below the SMA 20 and SMA 50 curves. The price was flirting with the lower curve of the 20-day Bollinger band before it managed to float above, having found support on the $11.25 level. The relative strength index (RSI) indicator is trending around 40.60.
NEO/USD hourly chart
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The hourly NEO/USD chart is trending in a flag formation, getting primed for a breakout. The market is trending below the red Ichimoku cloud, SMA 50 and SMA 200 curves. The SMA 200 has crossed over the SMA 50 curve, charting the “death cross,” which is a heavily bearish sign. The moving average convergence/divergence (MACD) indicator shows nine straight bullish sessions of increasing intensity.
Key Levels
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