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NEO Technical  Analysis: NEO/USD saved from further blushes as key support comes to the resuce

  • NEO was a noteworthy under performer on Thursday, seen down almost 4% in the latter stages of trading.
  • NEO/USD key near-term support comes to the rescue, demand zone seen tracking between $35.80-37.00  

 

NEO/USD 60-minute chart

 

Spot rate:                    36.00

Relative change:         -4.03%

High:                           38.20

Low:                            35.80

 

Trend:                          Neutral/Bearish

 

Resistance  1:             36.86, 100MA.

Resistance 2:              38.13, 50MA.  

Resistance 3:             40.00, supply zone.

Support 1:                  35.80, demand zone.

Support 2:                  34.15, (support on 60-minute chart).

Support 3:                  31.30, demand zone.  

 

 

 

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