- NEO nursing some chunky losses of over 4% in the latter stages of trading on Monday, pressure still seen across the board.
- NEO/USD trading between $27-26, as the price action narrows within consolidation mode, breakout to the south may be close.
NEO/USD 60-minute chart
Spot rate: 26.46
Relative change: -4.30%
High: 28.31
Low: 26.28
Trend: Bearish
Support 1: 26.28, (support on 60-minute chart) & demand zone.
Support 2: 24.86, November 2017 low.
Support 3: 22.98, October 2017 low.
Resistance 1: 27.06, 50MA.
Resistance 2: 27.32, 100MA.
Resistance 3: 28.35, supply zone.
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