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Crypto Technicals: NEO/USD bounces off 110-EMA, retraces above cloud, scope for test of 13.85

Tue, 21 May 2019, 07:50 am UTC

NEO/USD chart - Trading View

Exchange - Binance

Support: 10.36 (110-EMA); Resistance: 13.85 (trendline)

Technical Analysis: Bias Bullish

NEO/USD has held support at 1H 200-SMA, break below eyes 21-EMA at 10.81

The pair has bounced off 110-EMA support, price action has retraced above daily cloud

Technical analysis support upside, RSI is above 50 and Stochs are biased higher

GMMA, CCI and DMI show further uspide in the pair. Gains till 13.85 likely

Break below 110-EMA will see weakness till 200-DMA. Bullish invalidation below 200-DMA

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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