NEO/USD Long-term Trend – Ranging Distribution territories: $12, $16, $18 Accumulation territories: $5, $4, $3

NEO/USD market has been ranked amidst one of the crypto-markets that have been tightly experiencing price range movements along with its 14-day SMA indicator. Initially, the pair was seen been trading within a small space of its SMA indicators between December 18 and 31.

Apparently, from January 1 until the present, the market ranging mode got intense as the trading indicators have also maintained a tight close location at around $8 mark. The 14-day SMA seems to have a partial location over the 50-day SMA. The Stochastic Oscillators have slantingly bent southward to close at around range 45.

Three critical market points are involved in the current NEO/USD market range movements, and they are $10, $8, $6 marks. As trading activities lack volatility, the market needs to be allowed to break through one of its range marks from or within the zones in order to be able to know a definite price trending direction.

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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