$NEO.X: Sell-off; Head and Shoulders

8 באוק׳ 2017

Sell-off currently dragging the NEO/USD exchange rate close to $32. Head and shoulders clearly shown on the 4-hour. Expect continued bearish momentum if NEO crosses below the neckline around $30. In addition, the 12-day EMA on the MACD took a steep downturn alongside a massive red (sell) volume candle, and the RSI shedded over 15% of its previous momentum. Keep a close eye on #NEO.