• NEO/USD went down from $9.14 to $8.78 so far this Tuesday.
  • NEO/USD reached a low of $8.06 before bulls stepped back in to push the price up.

NEO/USD is on course of charting two straight bearish days in a row. The asset has gone down from $9.14 to a low of $8.06 this Tuesday, before checking itself to $8.83. This Monday NEO/USD bulls ran out of steam at the $9.30-level and went down to $9.15. The hourly breakdown for Tuesday shows that the price went up to $9.20 and then fell dramatically to $8.75, reaching a low of $8.06. Since then, the bulls stepped back in and took the price back up to $8.83.

NEO/USD daily chart

The NEO/USD price has found resistance at the downward trending line and the 20-day simple moving average (SMA 20) curve. The price is also trending below the SMA 50 and SMA 200 curves. The moving average convergence/divergence (MACD) indicator shows slight bullish momentum. The Elliott oscillator shows nine straight bullish sessions and the relative strength index (RSI) indicator has dropped from 46.85 to 40.50.
 

(Excerpt) Read more Here | 2019-09-10 21:51:00
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