Home NEO Technical Analysis: NEO/USD stuck within a stubborn 7 session tight range, break out hopefully near, bear or bulls to win this tug of war
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NEO Technical Analysis: NEO/USD stuck within a stubborn 7 session tight range, break out hopefully near, bear or bulls to win this tug of war

  • NEO seen holding minor gains of just over 1%, after struggling to maintain upside momentum.
  • NEO/USD trading within a narrowing range, a breakout is near, with bears and bulls going at the tug of war.

 

 

NEO/USD 60-minute chart


 

Spot rate:                             33.55            

Relative change:        1.36%

High:                           33.78

Low:                            32.21

 

Trend:                         Neutral/Bearish

 
 

Support 1:                  32.21, today’s low & demand zone entrance.

Support 2:                  31.22, 21st July low & lower part of demand zone.

Support 3:                  30.98, (support on 60-minute chart).

Resistance 1:              33.78, 100MA.

Resistance 2:             33.90, 50MA.

Resistance 3:             35.00, supply zone.
 

 

 

 

 

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