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  • 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.

NEO price analysis

Additional Levels