Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend

Fri, 17 Jan 2020, 09:52 am UTC

NEO/USD chart - Trading View

Exchange - Bitfinex

Technical Analysis: Bullish

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

Overbought/ Oversold Index: Overbought

Volatility: High and Rising

Support: 11.08 (5-DMA); Resistance: 12.30 (Upper BB (W))

NEO/USD is showing signs of a bullish trend shift, price set to scale new heights.

The pair was trading 2.79% higher on the day at 11.56 at around 09:35 GMT, bias bullish.

GMMA indicator shows shift in near and long term trend to bullish. Short-term MAs have crossed over long-term MAs and long-term MAs have turned north.

Price action has shown a breakout above daily cloud and 200-DMA resistance supporting the uptrend.

Volatility is rising, convergence of price action with oscillators and support from MACD and ADX suggests the pair is set to scale new highs.

Price action is extending break above 21W EMA and eyes upper BB (W) at 12.30 ahead of 55W EMA at 13.98.

5-DMA is immediate support at 11.08. Break below will see dip till 200-DMA. Retrace below negates near-term bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,808.10 (-1.31%)
  • Ethereum (ETH) $253.92 (-5.45%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $405.06 (-8.44%)
  • Bitcoin SV (BSV) $277.59 (-12.70%)
  • Bitcoin (BTC) $9,808.10 (-1.31%)
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
09:25
Wells Fargo invests $5M in crypto monitoring firm Elliptic
09:01
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
07:37
Election Commission of India looks to blockchain to tackle lost votes
06:26
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
06:20
Crypto lending startup BlockFi secures $30M in Series B financing
05:20
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
04:53
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
12:20
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:19
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:19
U.S. Treasury Department’s FinCEN working on new crypto regulations
11:47
Defense contractor BAE Systems is hiring ‘cryptocurrency exploiters’
11:07
DTCC calls for industry consortium and comprehensive framework to address DLT security risks
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft