Neo technical analysis: NEO/USD has fallen by 10.25% over the last five days


  • 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

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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

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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

fxsoriginal

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

NEO/USD

Overview
Today last price 8.7237
Today Daily Change -0.27719
Today Daily Change % -3.08
Today daily open 9.00089
 
Trends
Daily SMA20 10.38613
Daily SMA50 9.96118
Daily SMA100 9.19394
Daily SMA200 11.0793
 
Levels
Previous Daily High 9.1635
Previous Daily Low 8.9
Previous Weekly High 10.053
Previous Weekly Low 8.4097
Previous Monthly High 13.445
Previous Monthly Low 8.4097
Daily Fibonacci 38.2% 9.00066
Daily Fibonacci 61.8% 9.06284
Daily Pivot Point S1 8.87942
Daily Pivot Point S2 8.75796
Daily Pivot Point S3 8.61592
Daily Pivot Point R1 9.14292
Daily Pivot Point R2 9.28496
Daily Pivot Point R3 9.40642

 


 

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