- NEO is one of the better performers today rising 2.22% today as the majors fall.
- The chart structure of NEO/USD could indicate some downward pressure.
NEO/USD 60-Minute Chart
NEO/USD has moved down in this channel formation.
The RSI indicator is showing an upside failure swing and this indicates a move lower could be in the cards.
A failure swing is when the RSI indicator moves into overbought levels while in a downtrend.
11.757 is the resistance to keep an eye on on the upside.
The resistance level above also is pretty close to the downward slowing trendline.
Additional Levels