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Crypto Technicals: NEO/USD pauses upside at daily cloud, bias bullish

Wed, 15 May 2019, 12:14 pm UTC

NEO/USD chart - Trading View

Exchange - Binance

Support: 10.65 (50-DMA); Resistance: 11.43 (cloud top)

Technical Analysis: Bias Bullish

NEO/USD has paused upside at daily cloud top, bias remains bullish

The pair has edged lower from session highs at 11.48 and was trading at 11.08 at 11:45 GMT

A spinning top formation seen on daily charts suggest some consolidation

Price action is holding support at 50-DMA at 10.65 and weakness liekly on break below

Bias remains bullish Stochs and RSI are sharply higher and volatility is rising

Breakout above daily cloud to see further gains, next bull target is 12.18 (Upper BB on weekly charts)

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

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