Crypto Technicals: NEO/USD retraces dip below 1H 200-SMA, eyes 50-DMA at 10.56
Mon, 13 May 2019, 11:38 am UTC
NEO/USD chart - Trading View
Exchange - Binance
Support: 9.38 (1H 200 SMA); Resistance: 10.56 (50-DMA)
Technical Analysis: Bias Slightly Bullish
NEO/USD is struggling to extend bullish momentum, fails to track gains across major crypto pairs.
The pair has been on a downward spiral and is struggling to break out.
Price action is currently hovering around 21-EMA which has been capping upside in the pair since April 12th.
Technical indicators are suggesting some upside on the hourly charts.
Price action has retraced above 200-SMA and hourly cloud.
RSI and Stochs on the daily chart have also turned and are now biased higher. Breakout at 21-EMA eyes 50-DMA at 10.56.
Failure to close above 21-EMA and break below 5-DMA will see resumption of weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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