Rajarshi Mitra
Independent Analyst
NEO/USD Daily Chart
-636905491189770917.png)
- 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
-636905491435245796.png)
- 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
-636905501829287083.png)
- 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.
Key Levels
NEO/USD
Overview
Today last price11.831
Today Daily Change-0.60400
Today Daily Change %-4.86
Today daily open12.435
Trends
Daily SMA2010.9754
Daily SMA509.88437
Daily SMA1008.87741
Daily SMA20010.9144
Levels
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
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle (PENDLE) price is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin (BTC) price.
Ethereum shows signs of a potential rally as suspected Justin Sun wallet buys heavily
Ethereum's (ETH) recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH.
Floki poised for growth after listing on Revolut
Floki's (FLOKI) team announced in an X post on Monday that the meme coin would be listed on the popular neobank and Fintech platform Revolut. Floki could rise further following key partnerships to boost retail usage.
Jupiter DEX second Launchpad vote concludes, JUP price rises 5%
Jupiter, a Solana-based decentralized exchange (DEX) has completed the second launchpad (LFG) vote to identify the two projects that will debut on its platform. On March 30, the aggregator network had unveiled its Core Working Group (CWG) budget proposal voting.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?