Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: NEO/USD pivotal at 200-DMA (10.17), breakout to propel prices higher

Mon, 13 Jan 2020, 10:35 am UTC

NEO/USD chart - Trading View

Exchange - Bitfinex

Technical Analysis: Bias turning Bullish

GMMA Indicator: Major Trend - Neutral; Minor Trend - Bullish

Overbought/ Oversold Index: Near overbought

Support: 9.81 (5-DMA); Resistance: 10.17 (200-DMA)

NEO/USD was trading 3.20% lower on the day at 9.90 at 10:15 GMT, bias slightly bullish.

The pair has paused upside at 200-DMA resistance at 10.17, breakout to boost prices.

Price action is within the daily cloud, volatility is rising and Oscillators are biased higher.

Stochs and RSI show convergence with price action. MACD has moved into positive territory and ADX supports gains.

Price action has close above 21W EMA in the previous week. Breakout at 200-DMA to see gains till upper BB (W) at 12.05 ahead of Double Top at 13.45.

Failure at 200-DMA will see dip till 21-EMA at 9.36. Breach at 21-EMA support negates bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,907.29 (+2.27%)
  • Ethereum (ETH) $171.06 (+4.37%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $368.49 (+12.60%)
  • Bitcoin SV (BSV) $284.59 (-10.51%)
  • Bitcoin (BTC) $8,907.29 (+2.27%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft