Home NEO Technical Analysis: NEO/USD drops 16% within 4 consecutive sessions of hard losses, no slow down of selling pressure for the market
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NEO Technical Analysis: NEO/USD drops 16% within 4 consecutive sessions of hard losses, no slow down of selling pressure for the market

  • NEO was seen trading in the red once again on Wednesday, nursing losses of 2%.
  • NEO/USD has traded firmly in the red for the past 4 straight sessions.  

 

 

NEO/USD 60-minute chart


 

Spot rate:                    29.10

Relative change:        -1.99%

High:                          30.29

Low:                           28.60

Trend:                         Bearish

 

 

Support 1:                  28.86, (support on 60-minute chart).

Support 2:                  28.60. today’s (Wednesday) low, back-end of a demand zone.

Support 3:                  28.00, stops triggered heavily to downside on 28th June.

Resistance 1:             30.26, 50MA.

Resistance 2:             31.45, entrance to supply zone.

Resistance 3:             31.78, 100MA.  

 

 

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