Home NEO Technical Analysis: NEO/USD near-term reversal eyed, after heavy downside selling pressure runs into exhausion

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NEO Technical Analysis: NEO/USD near-term reversal eyed, after heavy downside selling pressure runs into exhausion

FX Street

Updated: 3 Aug. 2018 | 19:44

NEO price was seen nursing losses of around 2% in the latter stages of trading on Friday.
Near-term reversal eyed for NEO/USD, hammer candlestick seen on the 60-minute chart.

NEO/USD 60-minute chart

Spot rate: 27.68

Relative change: -2.01%

High: 28.23

Low: 26.63

Trend: Bearish

Support 1: 27.00, demand zone entrance.

Support 2: 26.63, today’s (Friday) low.

Support 3: 26.35, (support on 60-minute chart).

Resistance 1: 28.22, 50MA.

Resistance 2: 29.00, supply area.

Resistance 3: 29.40, 100MA.

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