NEO finds it difficult to clear the 20-day EMA. Also, it bounced back from the 23.6 Fibonacci level at $12.35 for several times. RSI is in the middle, testing the resistance line.
The only support left is the uptrend line, which price tested numerous time before. It is a very important support for the bulls. If it is broken, it will trigger many stop losses by the bulls to cover their positions, which could drag NEO to $8.50 level.
Traders should keep NEO above the uptrend line and then push the price above the 20-day EMA to resume the uptrend.
Traders should watch out the uptrend line more carefully in the few coming days. They can open fresh positions on a breakout of the 20-day EMA.
The only support left is the uptrend line, which price tested numerous time before. It is a very important support for the bulls. If it is broken, it will trigger many stop losses by the bulls to cover their positions, which could drag NEO to $8.50 level.
Traders should keep NEO above the uptrend line and then push the price above the 20-day EMA to resume the uptrend.
Traders should watch out the uptrend line more carefully in the few coming days. They can open fresh positions on a breakout of the 20-day EMA.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.