Home NEO Technical Analysis: NEO/USD clockwork rejection within the mundane range, $35 region continues to barricade upside

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NEO Technical Analysis: NEO/USD clockwork rejection within the mundane range, $35 region continues to barricade upside

FX Street

Updated: 26 Jul. 2018 | 23:31

NEO was seen nursing losses of 0.7% on Thursday, as the consolidation mode continued.
NEO/USD struggles the break down resistance in the mid $35 region, price may retreat just below $32.

NEO/USD 60-minute chart

Spot rate: 33.93

Relative change: -0.70%

High: 35.67

Low: 33.69

Trend: Neutral/Bearish

Support 1: 33.93, 100MA.

Support 2: 33.35, (support on 60-minute chart).

Support 3: 31.90, demand zone entrance.

Resistance 1: 34.45, 50MA.

Resistance 2: 34.90, entrance to supply zone.

Resistance 3: 35.50, top area seen on 24th, 25th and 26th July.

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