NEO is seen nursing losses of over 3% on Wednesday, with price action still remaining somewhat narrow. Head and shoulders pattern eyed on the 30-minute chart view, price close to testing neckline at $37.90. The NEO price was nursing losses of over 3% on Wednesday, after failing to move back above the $40 area. Across the major altcoins soft pricing has been witnessed during the session, much caution and narrow trading still observed. NEO/USD price action from 16th June, has been forming a head and shoulders pattern, with the left shoulder and head having already taken shape. The right shoulder is currently on its way to completion, heading towards the supporting neckline, which will be a key test. Technically, trading still remains somewhat neutral, as volumes typically slow down given the summer holiday period. Nevertheless, NEO/USD is subject to potential summons down the mentioned neckline support, this is seen tracking at around $37.90, a breach could see the price fall down to $35 territory. Looking to the upside, resistance on the 30-minute seen at $39.70 and then $40.80 heading into $41 area. NEO/USD 30-minute 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 EUR/GBP Technical Analysis: Euro bulls challenging the 0.8800 level FX Street 5 years NEO is seen nursing losses of over 3% on Wednesday, with price action still remaining somewhat narrow. Head and shoulders pattern eyed on the 30-minute chart view, price close to testing neckline at $37.90. The NEO price was nursing losses of over 3% on Wednesday, after failing to move back above the $40 area. Across the major altcoins soft pricing has been witnessed during the session, much caution and narrow trading still observed. NEO/USD price action from 16th June, has been forming a head and shoulders pattern, with the left shoulder and head having already taken shape. The right… 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.
