TL; DR Breakdown Bitcoin (BTC) hits the $50 mark.NEO/USD pair trades in bullish momentum. Ethereaum (ETH) is trading sligtly below $4K. Neo price analysis: General overview Towards the closure of the Daily Neo price analysis, NEO/USD pair traded in a bearish trend. However, When today’s price analysis began, things changed. The bull took control of the market, overturning the bear trend that had dominated the Neo market. The bulls pushed the prices in a flag trend before facing stiff resistance from the sellers who had consolidated their strength to fight the mighty bulls. The NEO/USD pair has been trading in head and shoulder trends, causing the prices to surge and fall severally, forming head and shoulder trends. Bulls got solid support at $63.7; this support aided the bulls to have a continuous bullish trend to the intraday $65, where the bears had created a strong resistance for the buyers not to break through. Neo price movement in the last 24 hours: Bulls control NEO/USD market NEO/USD pair has generally been trading in bullish momentum. With the green candlesticks outnumbering the red candlesticks. The Bollinger band is wide in most trading sessions meaning that the NEO/USD pair has had higher volatility. NEO/USD price seems close to the upper Bollinger band, implying that more buyers are entering the market than the sellers hence the bullish trend. In the last 24 hours, NEO/USD’s total trading volumes are ...
