NEO Looks Poised to Add On to Recent Break Out

NEO Looks Poised to Add On to Recent Break Out
фото показано с : beincrypto.com

2020-6-1 16:10

NEO has increased by nearly 10% since May 30, breaking out from its trading pattern.

After a possible retracement, the price is expected to continue its upward movement.

NEO Daily Outlook

Since the middle of March, the main support area for NEO was found at 116,000 satoshis. The price is currently in the process of breaking out above this area, however, it has yet to reach a close above it. Furthermore, the price is facing very close resistance from the 200-hour moving average (MA) and has created two long upper-wicks. Until the price successfully flips this level, we cannot consider the price movement bullish.

If the price breaks out, it is likely to continue increasing until 137,000 satoshis, due to a lack of overhead resistance.

NEO Chart By Tradingview

Even though the breakout is not confirmed in the daily time-frame, cryptocurrency trader @Lomahcrypto stated that NEO is likely to continue moving upwards after retracing and validating the area it just broke out from.

Source: Twitter Symmetrical Triangle

In the shorter-term, NEO has broken out from a symmetrical triangle. While the price initially continued to increase after the breakout, NEO has generated a double-top along with bearish divergence in the RSI.

Therefore, the price is expected to decrease and validate the 114,500 satoshi minor support level along with the ascending support line of the triangle before potentially resuming its upward movement. This movement fits with that outlined in the tweet.

NEO Chart By Tradingview NEO/USD

The NEO/USD chart looks considerably more bearish than its BTC counterpart. The price has been struggling to break out above the $11.20 resistance area, creating two successive long upper-wicks. In addition, it seems that NEO as created a double-top relative to the price at the beginning of May. Furthermore, this pattern is combined with a bearish divergence in the RSI.

Unless the price is successful in reclaiming the $11.20 resistance, which currently does not look likely, it is expected to decrease towards the long-term ascending support line at $10.

The post NEO Looks Poised to Add On to Recent Break Out appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

NEO (NEO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $15.41
Капитализация $0 Rank 99999
Цена в час новости $ 12.39 (-100%)

neo out outlook middle daily upward expected

Источник: beincrypto.com

neo out → Результатов: 63


Фото:

NEO и Ontology анонсировали создание совместной платформы для интернета следующего поколения

Две крупные китайские блокчейн-платформы NEO и Ontology заключили партнерство, в рамках которого займутся созданием открытой кроссчейновой платформы, призванной стать основой для интернета следующего поколения.

2019-7-18 14:17


NEO Founder Da Hongfei Says His Project Will Be the ‘Number One’ Blockchain by 2020

In the damp and drizzly Pacific northwestern city of Seattle, NEO (remember them?) held their DevCon conference last weekend. It was a chance for the passionate City of Zion developers, dApp developers, NEO enthusiasts, and skeptics alike to come together to find out about the cryptocurrency project’s ambitious plans moving forward – and, of course, to hear from charismatic founder Da Hongfei.

2019-2-24 00:55


Cryptohomie Who Spent Almost $150,000 on Altcoins Sees 85% Loss

A crypto enthusiast who took out a six-figure loan to purchase cryptocurrencies has seen them lose almost 85% of their value. Investment Lost with NEO, Stellar, Litecoin, Ethereum, and Others On Monday, Reddit user “Cryptohomie,” a 32-year-old living in Abu Dhabi, UAE, posted a photo of his bank repayment schedule to the cryptocurrency subreddit, according to News.

2018-8-15 04:00


NEO Finance ICO

NEO Finance offers an international platform in which participants have the opportunity to instantly receive a money loan with fiat money on bail of volatile crypto assets such as: Bitcoin Ethereum Ripple BitcoinCash Receipt of credit funds can be carried out in the following ways: In your wallet NEO Finance With the help of a payment card NEO Finance, with the possibility of cashing in any ATM Using the user's bank card.

2018-8-14 15:13


Фото:

It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop!

NEO, one of the main blockchain projects in China, has joined forces with ONT to carry out a significant Airdrop to increase not only the volume but also the number of users of both cryptos. Yesterday, the official NEO blog announced that NEO token holders are going to receive $40 million worth of ONT tokens on […] The post It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop! appeared first on Ethereum World News.

2018-7-13 20:01


дальше еще 14 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru