Crypto Technicals: NEO/USD holds 200-DMA support, eyes trendline resistance at 12.15

NEO/USD chart - Trading View

Exchange - Bifinex

Support: 10.49 (200-DMA); Resistance: 12.15 (Trendline)

Technical Analysis: Bias Slightly bullish

- NEO/USD has held support at 200-DMA
- Price has edged above 5-DMA and 5-DMA is showing a slight turn
- RSI has edged higher above 50 levels, strength in downswings has faded at 46 levels
- Stochs are at oversold and on verge of rollover into neutral zone
- Price action hovers around 21-EMA at 11.22, scope for test of 12.15 (trendline)
- 5-DMA is immediate support at 11.07. Break below 200-DMA negates bullishness

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