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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.