# Crypto Technicals: NEO/USD extends choppy trade below 21-EMA, bias neutral

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/4539
Published: 2019-12-16T07:14:43.000Z
Updated: 2019-12-16T07:14:43.000Z
Section: Investing

> Support: 8.33 (Trendline); Resistance: 9.15 (21-EMA)

[NEO/USD](<https://www.tradingview.com/symbols/NEOUSD/>) chart - Trading View

Exchange - Bitfinex

Support: 8.33 (Trendline); Resistance: 9.15 (21-EMA)

Technical Analysis: Bias Neutral

NEO/USD is extending choppy trade below 21-EMA resistance at 9.15, intraday bias remains neutral.

The pair was trading at 8.82 at 06:55 GMT, down 1.83% on the day, after closing 1.52% higher in the previous session.

Volatility is low and technical indicators do not provide a clear directional bias.

The pair finds strong support at 1H 200-SMA. Stochs have rolled over from oversold levels and 5-DMA is on verge of bullish crossover on 20-DMA.

MACD shows a bullish crossover on signal line, but ADX does not support gains.

Decisive break below 200H MA could see drag till trendline support at 8.33. On the flipside, breakout at 21-EMA supports near-term upside.

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## Links in this article

- [NEO/USD](https://www.tradingview.com/symbols/NEOUSD/)
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