Crypto Technicals: NEO/USD holds cloud support, break above 21-EMA (12.05) could see further upside

NEO/USD chart - Trading View

Exchange - Binance

Support: 11.02 (50-DMA); Resistance: 12.78 (200H SMA)

Technical Analysis: Bias Slightly Bullish

NEO/USD is trading 2.12% higher on the day at 11.95 at 09:35 GMT.

The pair has bounced off support at 50-DMA and daily cloud.

Spinning top and Hammer formation at lows suggests indecision.

RSI has turned higher and Stochs have approached oversold territory.

Immediate resistance seen at nearly converged 110H EMA and 21-EMA at 12.05.

Break above 12.05 will see further upside. Next major hurdle lies at 12.78 (200H SMA).

On the flipside, break below 50-DMA (11.02) will see further weakness.

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