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NEO Technical Analysis | 5 August 2019

2019-08-05 07:57 am | Resource: Technical Analysis Section | No Views : 35

NEO Technical Analysis | 5 August 2019 NEO against USD during the last trading week last week rebounded from the areas of $ 10.8060 to break through the bearish trend line during yesterday's trading due to the pressure of bulls on it.
The digital currency did not stop at this point, but crossed the resistance areas of 12.077 $ and thought to rise to the areas of $ 12.33 during the morning.
NEO Technical Analysis | 5 August 2019
The digital currency is trading in a bullish direction supported by the breach of the bearish trend line during yesterday's trading on the 4 hour interval, and we do not recommend buying until the end of retesting the broken trend line.

Analysis of Technical Indicators of the Digital Currency NEO:

The indicator of (IDX) indicates the increasing strength of the bullish trend over time.
The simple moving average and the slow moving average are pointing upwards at the moment.
 The indicator of the moment of the Machd default settings is currently ascending.

Outlook:

It is expected that, in the event of a break of the NEO target $ 11.46 Level, digital currency may target $ 9.83 area.
While the encrypted currency breach of $ 12.33, NEO may target $ 14.53.
Support: 12.07- 10.80- 10.29
Resistance: 13.89 -16.16- 18.87
Trend: Up

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