NEO Long-term Price Analysis – December 9

2018-12-9 14:25

NEO/USD Long-term Trend – Bearish

Distribution territories: $15, $35, $55
Accumulation territories: $3, $2, $1

NEO like many other cryptocurrencies has been serially suffering from the overbearing market worth of the USD in the last couple of several weeks. A drop has been visibly noticed in the NEO/USD valuation on December 3 while the crypto failed to break northwards after a while of being hovered around the 14-day SMA’s location on the chart.

Price has been trading around the $6 territory presently. The 50-day SMA is located at around $12 mark over the 14-day SMA that is found at around $7 market territory. The Stochastic Oscillators have headed into the oversold zone, and it appears that they may be consolidating within it soon.

It is now been insinuated that bears’ good set-ups of the current market are the best to watch out for while placing trading positions. However, a correction or a sudden spike could emerge between the market territories of $7 and $3 during a volatile price movement, and it may occur at any point in time.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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neo usd territories long-term december couple worth

Источник: bitcoinexchangeguide.com

neo usd → Результатов: 20


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