Home NEO  Technical  Analysis: NEO/USD sees the big bulls driving the price over 9% higher on Monday
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NEO  Technical  Analysis: NEO/USD sees the big bulls driving the price over 9% higher on Monday

  • NEO one of the noteworthy out performers, with gains in excess of 9% on Monday.
  • NEO/USD could make a decent run back towards $40, should near-term barrier be taken out.

 

NEO/USD 60-minute chart

 

Spot rate:                                     0.46969

Relative change:          +8.93%

High:                                                   37.09.

Low:                                                      33.00

 

Trend:                                                 Bullish

 

Resistance  1:             37.09, today’s (Monday) high.  

Resistance 2:              37.30, supply zone.

Resistance 3:                        39.15, (resistance on 60-minute chart).

Support 1:                   36.20, 7th July low.

Support 2:                                    35.60, (support on 60-minute chart).

Support 3:                   34.22,  (support on 60-minute chart).  

 

 

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