NEO Technical  Analysis: NEO/USD big under performer down 7%, at threat of giving up $30 territory

• NEO price slammed a big 7% on Friday, with price looking vulnerable in the latter stages of trading.
• NEO/USD has been trading in the red for three consecutive sessions, losing steam at the start of the week.
• On a weekly, the price is looking to close the week down, after an initial promising start to the week.

NEO/USD 60-minute chart

Spot rate:                    33.48

Relative change:         -6.90%

High:                           35.96

Low:                            33.04

Trend:                        Bearish

Support 1:                  33.05, (support on 60-minute chart).  

Support 2:                  31.97, 11th July low.

Support 3:                  31.00, demand zone.

Resistance  1:             34.00, (resistance on 60-minute chart).

Resistance 2:             35.75, 50MA.

Resistance 3:             36.00, supply zone.