$NEO Chart Shows Bearish Trend!
NEO is trading against BTC at 0.0001334, marking a -1.62% drop and hovering around
$10.14. The 24-hour high reached 0.0001370 while the low touched 0.0001332.
With strong bearish candles breaking below the Bollinger Bands and negative MACD signals,
sellers appear to be in control.
Indicators to Watch:
Bollinger Bands: Price broke below the middle band, indicating high volatility.
Moving Averages: Short-term MA(5) at 67.23 and MA(10) at 81.32 show downtrend pressure.
Volume: Volume remains significant, indicating strong momentum behind this move.
Summary: The trend is pointing down, and the MACD crossover confirms bearish momentum.
With the RSI and SAR signaling overbought conditions,
caution is advised for buyers. Traders may consider waiting for a reversal signal before entering the market.
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