Rajarshi Mitra
Independent Analyst
- The daily NEO/USD price is trending in a downwards channel formation.
- The four-hour price chart has found resistance at the SMA 20 curve.
NEO/USD daily chart
-637110960425287030.png)
NEO/USD has fallen from $9.75 to $8.75, dropping by 10.25% over the last five days. The daily price is trending in a downwards channel formation and floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Relative Strength Index (RSI) indicator is around 36.
NEO/USD four-hour chart
-637110960128248165.png)
The four-hour NEO/USD chart has found resistance at the SMA 20 curve and dropped from $9.05 to $8.75 in four hours. The price is currently flirting with the lower curve of the 20-day Bollinger Band. The Elliott Oscillator has had three straight green sessions.
NEO/USD hourly chart
-637110959814489914.png)
The hourly NEO/USD has dropped from $9.02 to $8.69 in two hours, breaking below the SMA 20 and SMA 50 curves in the process. The price is floating below the green Ichimoku cloud. The Moving Average Convergence/Divergence (MACD) shows increasing bearish momentum.
Key Levels
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