NEO/USD went down from $11.35 to $11.10 this Friday. SMA 200 and SMA 50 about to converge and chart the golden cross pattern. NEO/USD went down from $11.35 to $11.10 this Friday, however, technical analysis shows us that the bulls are quietly taking back the control. Ever since the bulls failed at the $14 resistance line, the bears have had a stranglehold on the market, taking the price down from $13.75 to $11.10 over the last two weeks. On the upside, if the bulls do a takeover, the near-term resistance lies at $11.50. However, if the bears continue their downward momentum, the nearest support is at $10.75. NEO/USD Daily Chart NEO/USD is still trending above both the SMA 200 and SMA 50 curves. SMA 200 and SMA 50 is about to chart a golden cross pattern which is a heavily bullish signal. The Elliot Wave Oscillator has been bearish over the last 11 sessions but with decreasing intensity. The signal line and MACD line has minimized its divergence, which shows decreasing bearish momentum. The relative strength index (RSI) indicator is trending in the neutral zone. 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 Ethereum Market Overview: ETH/USD bulls rallying for a takeover FX Street 4 years NEO/USD went down from $11.35 to $11.10 this Friday. SMA 200 and SMA 50 about to converge and chart the golden cross pattern. NEO/USD went down from $11.35 to $11.10 this Friday, however, technical analysis shows us that the bulls are quietly taking back the control. Ever since the bulls failed at the $14 resistance line, the bears have had a stranglehold on the market, taking the price down from $13.75 to $11.10 over the last two weeks. On the upside, if the bulls do a takeover, the near-term resistance lies at $11.50. However, if the bears continue their downward… 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.
