- The trading volume of NEO Coin in the last 24-hours at the time of writing this article is -1.45%
- The price of NEO/BTC and NEO/ETH at the time of writing this article is 0.0007365 BTC and 0.01031 ETH respectively.
- The price is taking support on the 100MA
Long term view:-
In the daily chart time interval, we can see the price is taking support on the 100MA. The bears are trying their best to push the price down, but the bulls are not willing to give up. Let’s have a look at the technical analysis to see if the price will break the support or the bulls will make a comeback. First, we can see the MACD, which is showing green histograms, which means the MACD line is above the signal line, but the MACD line is very close to the signal line, and we can see a cross-movement anytime, which is a sell signal for the traders.
In addition to that, we can see the RSI, which is in the neutral zone near 55, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight. Lastly, we can see the Moving average as the 20MA is between the 100MA and 50MA also the 100MA is above the 20MA and 50MA.
Short term view:-
In the 4-hour time interval, we can see the 50MA acting as a resistance, the bulls are trying their best, and the price is taking support on the 20MA. The MACD line is on the signal line. We can expect a crossing that will become a bearish sign for the traders, but the MACD is still showing a green histogram.
In addition to that we can see the RSI is in the neutral zone near 50, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight. Lastly, we can see the Moving average as the 20MA is below the 50MA, which is a bearish sign, and both the 50MA,20MA are above the 100MA.
Conclusion:-
Looking at the long term and short term, we can see the price is consolidating, and we might see the price break the support, but the bears need to come in with a pretty good volume. Or else there is a change; we can see a trend reversal from the bulls.
RESISTANCE:-$52.56,$57.89
SUPPORT:- $44.92,$39.92