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Crypto Technicals: NEO/USD finds strong support at 9.15, break below eyes 8.12

Wednesday, May 8, 2019 11:58 AM UTC

NEO/USD chart - Trading View

Exchange - Binance

Support: 8.12 (Mar 4th low); Resistance: 9.75 (200-DMA)

Technical Analysis: Bias Bearish

- NEO/USD edges higher from session lows at 8.9215, bias bearish

- Price action has retraced break above 200-DMA and is extending weakness for the 5th straight session

- RSI well below 50 and scope for further downside, Stochs are sharply lower

- Price action below cloud and major EMAs. Recovery capped at 5-DMA

- Next immediate support lies at 8.8270 (61.8% Fib). Break below will see weakness till 8.1216 (Mar 4th low)

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

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Crypto Technicals: NEO/USD finds strong support at 9.15, break below eyes 8.12

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