NEO Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for NEO

• Currently, NEO’s price is up $0 (0.06%) from the hour prior.
• This move is a reversal from the hour prior, which saw price move down.
• Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
• The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NEO’s hourly price chart is shown below.

The Daily View for NEO

• At the moment, NEO’s price is up $0.2 (2.38%) from the day prior.
• The daily chart shows that NEO has seen 3 straight up days.
• Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of NEO.

Featured NEO Idea From TradingView

Below is a trading comment entitled My Elliot Wave Analysis you may find interesting:

Safety FirstRisk DisclosureDISCLAIMER: Futures, stocks, options and crypto trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, options and crypto may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events are already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work in your favor leading to large gains, or against you leading to large losses.If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor.All trading strategies are used at your own risk.Any content I provide on any platform I own or am featured on should not be relied upon as advice or …

— E3investing