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) $37,004.00 (+2.49%)
  • Ethereum (eth) $2,401.21 (+0.29%)
  • Tether (usdt) $1.00 (-0.14%)
  • Binance Coin (bnb) $387.62 (+6.16%)
  • USD Coin (usdc) $1.00 (+0.02%)
  • Bitcoin (btc) $37,004.00 (+2.49%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft