Crypto Technicals: NEO/USD extends choppy trade below 21-EMA, bias neutral

NEO/USD chart - Trading View

Exchange - Bitfinex

Support: 8.33 (Trendline); Resistance: 9.15 (21-EMA)

Technical Analysis: Bias Neutral

NEO/USD is extending choppy trade below 21-EMA resistance at 9.15, intraday bias remains neutral.

The pair was trading at 8.82 at 06:55 GMT, down 1.83% on the day, after closing 1.52% higher in the previous session.

Volatility is low and technical indicators do not provide a clear directional bias.

The pair finds strong support at 1H 200-SMA. Stochs have rolled over from oversold levels and 5-DMA is on verge of bullish crossover on 20-DMA.

MACD shows a bullish crossover on signal line, but ADX does not support gains.

Decisive break below 200H MA could see drag till trendline support at 8.33. On the flipside, breakout at 21-EMA supports near-term upside.

TokenPost | [email protected]