NEO/USD Daily Chart
- NEO/USD went down from $12.47 to $11.60 this Thursday.
- The daily chart is forming a potential reverse head and shoulders pattern. It looks like the price is going to fall down in the short term to form the second shoulder.
- Bulls need to protect the support at $11 to prevent further downtrend.
NEO/USD 4-hour Chart
- The 4-hour NEO/USD chart is trending below the SMA 50 and SMA 20 curves.
- The SMA 50 has crossed over with the SMA 20 curve which is a bearish sign.
- The Ichimoku indicator shows that the near-future market sentiment is bearish.
- The Elliot Wave Oscillator shows that market sentiment is currently bearish as well.
NEO/USD Hourly Chart
- The last four sessions were so bearish that it brought the market below the lower curve of the 20-day Bollinger band.
- The widening of the Bollinger band shows increasing market volatility.
- The SMA 200 curve has crossed over with the SMA 50 curve, charting the “death cross” which is a significant bearish sigh.
- The last seven sessions of the moving average convergence divergence (MACD) curve shows that the bearish momentum is increasing steadily.
Today last price11.831
Today Daily Change-0.60400
Today Daily Change %-4.86
Today daily open12.435
Previous Daily High12.908
Previous Daily Low12.202
Previous Weekly High14.05736
Previous Weekly Low9.7628
Previous Monthly High17.612
Previous Monthly Low6.75
Daily Fibonacci 38.2%12.63831
Daily Fibonacci 61.8%12.47169
Daily Pivot Point S112.122
Daily Pivot Point S211.809
Daily Pivot Point S311.416
Daily Pivot Point R112.828
Daily Pivot Point R213.221
Daily Pivot Point R313.534
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