Neo price analysis: Bulls have the lead as bears begin comeback in the early hours of Tuesday


  • NEO/USD has gone up from $9.13 to $9.19 in the early hours of Tuesday.
  • The market is trending below the red Ichimoku cloud.

NEO/USD managed to trend horizontally after charting two straight bullish days. Neo has gone up from $9.13 to $9.19 in the early hours of Tuesday. The market has found resistance at the two downward trending lines. The hourly breakdown of Tuesday shows us that the price fell to $8.93 before boosting up all the way to $9.22. Over there, the price met resistance and fell to $9.19.

NEO/USD daily chart

fxsoriginal

NEO/USD daily chart is trending below the red Ichimoku cloud, 200-day simple moving average (SMA 200) and SMA 50 curves. The market has found support at the SMA 20 curve. The moving average convergence/divergence (MACD) indicator shows sustained bullish momentum. The Elliott oscillator shows four straight bullish sessions.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Flat, Cryptocurrencies on a Positive Tone

Cryptocurrencies were slightly positive during the last 24 hours, except for Bitcoin, who failed to cross the $8,300 level and created a large candle down to $8.150, tho, then, move back to the $8,200 range. 

More Bitcoin News

Ripple price analysis: XRP/USD grinds to a halt ahead triangle breakout

Ripple performance in October has been relatively better compared to other major digital currencies. The world’s third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31.

More Ripple News

Ethereum market update: ETH/USD slips back inside the range, $180.00 still out of reach

ETH/USD hit $178.28 on Monday and retreated to $174.57 by press time. The second-largest coin is moving inside a tight range amid slow trading activity in sync with the market. 

More Ethereum News

NEO price analysis: NEO/USD on recovery track, still below critical resistance of $7.80

NEO, currently the 21st largest coin with the total market value of $527 million, has gained about 1.7% in recent 24 hours to trade at $7.5 at the time of writing. Since the beginning of Tuesday, NEO/USD has gained about 1%.

More NEO News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

BTC

ETH

XRP