Beowulf Blockchain Supports Anti-Human Trafficking Non-governmental Organization through Education and Technology
Crypto Technicals: Bitcoin hits 2-week lows below $7100, bearish bias with rising volatility to see more weakness
Cryptocurrency Derivatives Series: OKEx Provides One Step Access For All Types of Crypto-Derivatives Instruments
FxWirePro: Japanese yen trades marginally higher despite lower than expected core machinery orders data
Crypto Technicals: NEO/USD holds strong trendline support, 'Doji' at lows dents downside
NEO/USD chart - Trading View
Exchange - Bitfinex
Support: 9.80 (trendline); Resistance: 11.34 (61.8% Fib)
Technical Analysis: Bias Bearish
NEO/USD has paused downside at major trendline support at 9.80.
The pair is trading 2.13% higher on the day at 10.37 at 09:10 GMT.
Upside failed to break above 55W EMA and the pair has resumed grind lower.
Price action has slipped below 20W SMA and major support at 200-DMA (10.76).
Volatility is rising and break below 200-DMA likely to plummet prices. Next major support lies at 78.6% Fib at 8.75.
However, potential 'Doji' formation at lows raises scope for some upside. Gains till cloud base at 11.72 likely.
Technical studies support downside. Break below 9.80 (trendline support) will see test of 8.75 (78.6% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?