Crypto Technicals: NEO/USD holds 5-DMA support, back-to-back spinning top and Doji formations hamper gains

NEO/USD chart - Trading View

Exchange - Binance

Support: 10.39 (110-EMA); Resistance: 13.85 (trendline)

Technical Analysis: Bias Neutral

NEO/USD is trading slightly weaker on the day at 11.95 at 10:45 GMT.

The pair is holding above immediate support at 5-DMA and intraday bias is neutral.

The pair has bounced off 110-EMA support, price action has retraced above daily cloud.

Formation of back-to-back spinning top and Doji on daily candles hampers gains.

Technical analysis support upside, RSI is above 50 and Stochs are biased higher.

Volatility is rising. GMMA, CCI and DMI show further upside in the pair. Gains till 13.85 likely.

Break below 110-EMA will see weakness till 200-DMA. Bullish invalidation below 200-DMA

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