NEO/USD dropped down from $9.25 to $9 this Wednesday as Bulls lost their momentum. Buyers will need to rally together and protect the $9 support line to prevent any further downtrend. They will also have to break past resistance at $9.75 to reverse the momentum. NEO/USD dropped from $9.25 to $9.04 this Wednesday. With the Bulls losing their momentum, the bears have taken over the market. The short-term goal for the buyers will be to defend the $9 support line to prevent any further downtrend. NEO/USD daily chart NEO/USD is currently trading for $9.04 and is supported by support line at $9. In the last session, the bears managed to break past support offered by the upward trending line. The moving average convergence/divergence (MACD) histogram shows that bullish momentum is decreasing. The 20-day Bollinger band also shows that the price is trend closer to the center which is another indicator of an increasingly bearish market. The bulls will need to rally together and break past resistance offered at $9.75. The 20-day simple moving average (SMA 20) has already crossed over SMA 50, which indicates a buy signal. 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 AUD dropped more than RBA expected in 2018 – Bloomberg FX Street 4 years NEO/USD dropped down from $9.25 to $9 this Wednesday as Bulls lost their momentum. Buyers will need to rally together and protect the $9 support line to prevent any further downtrend. They will also have to break past resistance at $9.75 to reverse the momentum. NEO/USD dropped from $9.25 to $9.04 this Wednesday. With the Bulls losing their momentum, the bears have taken over the market. The short-term goal for the buyers will be to defend the $9 support line to prevent any further downtrend. NEO/USD daily chart NEO/USD is currently trading for $9.04 and is supported by support line… 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.
