NEO breaks out of the bullish pattern while OKB and XLM ricochet off key support

OKB (OKB) has ricocheted off the horizontal support area of ​​$ 9.80.

Stellar (XLM) has also bounced back from the horizontal support area of ​​$ 0.26.

Neo (NEO) has broken out over a briefly descending wedge.

OKB

OKB has been falling since August 8th. On September 26, it bounced off the horizontal support area of ​​$ 9.80, forming a long wick underneath (green symbol).

It has risen since then and is currently trading at $ 16.25. The uptrend is supported by both the RSI and the MACD.

The next area of ​​resistance is at $ 24.

OKB / USDT daily chart | Source: TradingView

XLM

XLM has been bearish since September 15th along with a descending resistance line. It hit the USD 0.26 support area on September 21 and started a small rally.

Although the price has since traded near the support area, a bullish divergence is developing in both the RSI and the MACD.

Hence, the price is likely to break above this resistance level.

In this case, the closest resistance is at $ 0.34.

XLM / USDT 6-hour chart | Source: TradingView

ANCHOR

NEO has fallen into a descending wedge since September 23. It last ricocheted off the channel’s support line on September 29 and then erupted. The breakout was supported by both the MACD and the RSI.

The closest resistance is at $ 40. This is the 0.5 fib retracement resistance.

If NEO can hit these levels, it may be heading for the high of the wedge at $ 44.30.

XLM / USDT 2-hour chart | Source: TradingView

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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