RPX UP 50% in 2 DAYS! Red Pulse Price Prediction 2018 - RPX Coin Review
The US dollar made a considerable appreciation against the NEO’s market price valuation, last week. In the previous week, the cryptocurrency increased in value to a larger extent that the price line pushed past the 50-day SMA trend-line before the occurrence of a reversal shortly. This shows that the bears’ market driving force is still strongly making a bigger impact in the market than the bulls’ presence. The bulls have been making failing attempts as another short bullish Japanese candlestick that emerged in the market on July 8 was eventually prevailed upon by the bears’ sudden appearance.
Basically, on July 9, the value of NEO/USD began declining consecutively till July 12. The price action now moves in range outlook from July 13 till now. The 14-day SMA is a bit bent northbound below the 50-day SMA. The Stochastic Oscillators have penetrated into the oversold zone but now seems to point northward slightly below range 20. This suggests that bulls to come to play soon.
This cryptocurrency may continue to witness more selling pressures as long as the 50-day SMA has not been intersected by the 14-day SMA from below. The bulls will have to compose their stance in the market by coming up with a strong bullish engulfing Japanese candlestick. Traders may probably wait a little for decent long entry trading positions of this cryptocurrency. Always exercise proper financial management guides.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.
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