• Wed, 21 Aug 2019, 11:13 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: NEO/USD holds strong trendline support, 'Doji' at lows dents downside

Wed, 17 Jul 2019, 09:25 am UTC

NEO/USD chart - Trading View

Exchange - Bitfinex

Support: 9.80 (trendline); Resistance: 11.34 (61.8% Fib)

Technical Analysis: Bias Bearish

NEO/USD has paused downside at major trendline support at 9.80.

The pair is trading 2.13% higher on the day at 10.37 at 09:10 GMT.

Upside failed to break above 55W EMA and the pair has resumed grind lower.

Price action has slipped below 20W SMA and major support at 200-DMA (10.76).

Volatility is rising and break below 200-DMA likely to plummet prices. Next major support lies at 78.6% Fib at 8.75.

However, potential 'Doji' formation at lows raises scope for some upside. Gains till cloud base at 11.72 likely.

Technical studies support downside. Break below 9.80 (trendline support) will see test of 8.75 (78.6% Fib)

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

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,139.60 (-5.10%)
  • Ethereum (ETH) $188.08 (-4.72%)
  • XRP (XRP) $0.264300 (-3.87%)
  • Bitcoin Cash (BCH) $300.26 (-5.79%)
  • Litecoin (LTC) $71.97 (-4.79%)
  • Bitcoin (BTC) $10,139.60 (-5.10%)
Aug 21, 2019 (Wednesday)
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
04:06
Winklevoss twins may partner with Facebook on cryptocurrency
04:02
Malta-based crypto exchange CGEX to shut down after less than a year of operation
04:00
Bank of America files patent for multi-tiered crypto wallet
Aug 20, 2019 (Tuesday)
14:02
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:14
HSBC inks agreement to tap Identitii’s blockchain-based information exchange platform ‘Overlay+’
11:59
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:29
Crypto Technicals: XRP/USD fails at 21-EMA, resumes weakness with 'Doji' formation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft