• NEO/USD market has been ranging, and it has the high possibility to continue with the trend until next the next trading sessions.
• The NEO/USD market is expected to continue making a good upswing while attempting to reverse after a short breakdown of the $17.50 point in the short-term run.

NEO/USD Medium-term Trend: Ranging

• Resistance levels: $19, $20, $21
• Support levels: $15, $14, $13

NEO/USD market has been moving in a range of around $18 and $17 price levels. Between July 5 and 7, the pair moved tightly around the $17 lower range point. Now, the crypto has been hovering around the $18 upper range line of the market.

The 50-day SMA and the Bollinger Middle Band have conjoined pointing towards the east a bit over the lower range mark. The Stochastic Oscillators have crossed the hairs at range 60 to briefly point to the south.

The current market range moving mode has the high possibility to continue with the trend until next the next trading sessions. Therefore, the market's price moves may become stagnant as the sellers and buyers choose to remain inactive for a while.

NEO/USD Short-term Trend: Ranging

In today’s short-term run of the NEO/USD market, the pair has been significantly trading in ranges. The market lines at $18 and $17.50 are the main zones being witnessing the choppy move of the crypto-trade.

Yesterday, the pair recorded a bullish trend outlook as it achieved a high point a bit past the $17.50 mark. Price has extended briefly beyond the higher value of $18. All the trading indicators point towards north-east. The Stochastic Oscillators have closed the hairs a bit over range 40.

The NEO/USD market is expected to continue making a good upswing while attempting to reverse after a short breakdown of the $17.50 point.

NEO:

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