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) $8,282.96 (-2.00%)
  • Ethereum (ETH) $157.47 (-3.74%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $303.51 (-9.83%)
  • Bitcoin SV (BSV) $258.35 (-9.61%)
  • Bitcoin (BTC) $8,282.96 (-2.00%)
Jan 24, 2020 (Friday)
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:52
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:24
Four Belgian banks including BNP Paribas, ING to share corporate KYC data using blockchain
10:34
Crypto Technicals: XRP/USD dives over 4%, more weakness on break below 21-EMA support (0.2231)
10:34
Dubai's government-owned utility company and Siemens organize blockchain lectures and seminars
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft