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Crypto Technicals: NEO/USD holds 1H 200-SMA support, break below eyes 9.42

Mon, 20 May 2019, 09:51 am UTC

NEO/USD chart - Trading View

Exchange - Binance

Support: 10.9220 (1H 200-SMA); Resistance: 12.4282 (Upper BB)

Technical Analysis: Bias Slightly Bearish

NEO/USD was trading 5.48% lower on the day at 11.05 at 09:20 GMT

The pair has failed to extend recovery, slips lower, bias slightly bearish

5-DMA has turned South and Stochs and RSI are biased lower

The pair is currently holding support at 1H 200-DMA and 110-EMA at 11.30

Break below 11.30 will drag the pair lower. Scope for test of 200-DMA at 9.4210

Violation at 200-DMA will see further downside. Failure to break below 1H 200-SMA will see resumption of upside

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

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