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NEO Technical Analysis | 26 April 2019

2019-04-26 08:54 am | Resource: Technical Analysis Section | No Views : 58

NEO Technical Analysis | 26 April 2019 NEO broke during the middle of the week $ 10.50 as a result of bear pressure after the breach of the breach of $ 10.80 and then broke the areas of 10.29 $.
The coded currency continued to drop as far as $ 9.35 rebounded yesterday morning, retesting the resistance area of ​​$ 10.29 and failed to breach it, thus returning to around $ 9.25.
NEO Technical Analysis | 26 April 2019
The NEO currency ended our neutral outlook during last Tuesday's trading with a break of $ 10.50 and came back to trade through the downtrend forming over the 240-minute interval.
Currently, we do not recommend selling the encrypted digital currency until breaking the $ 9.35 level to avoid hanging in a losing trading center.

Analysis of Technical Indicators of the Digital Currency NEO:

The index of ADX refers to the strength of the current bearish trend by trading above the 30-point levels.
The simple moving average and the slow moving average are pointing downward at the moment.
 The index of the moment of the default MACD by the default signal turned down before the end of trading yesterday.

Outlook:

It is expected that, in the event of a digital currency break $ 9.35 area, NEO may target $ 8.91.
On the other hand, if the encrypted currency is breached at $ 10.31 area, it might target $ 11.23.
Support: 8.91 - 6.86 - 5.50
Resistance: 10.29- 10.80- 12.07
Trend: Down

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