- NEO/USD looks likes it could test the key technical resistance of 13.4450.
- If the market does retrace then 12.310 could be the next support.
NEO/USD Daily Chart
NEO has been on a good run of late and trades 1.55% higher on Thursday.
If the market pulls back then the previous wave high of 12.310 could act as support.
Beyond that, there is a support level at the trendline below the current price level.
The volume has been supporting the buy-side, as when the price has risen the volume increased.
On the hourly timeframe, the 13.000 level has just been rejected so keep an eye on short term retracements.
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Additional Levels
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