Home NEO Technical Analysis: NEO/USD starts session with sunshine for the bulls, which later saw a drastic change in weather, as the bears enjoy the shift in trend

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NEO Technical Analysis: NEO/USD starts session with sunshine for the bulls, which later saw a drastic change in weather, as the bears enjoy the shift in trend

FX Street

Updated: 23 Jul. 2018 | 22:37

NEO was seen down around 3% in the latter stages of trading on Monday.
NEO/USD had initially started the day with solid gains, was seen up as much as 6% at the highs.
Key demand zone is eyed from $32-31, a breach could be damaging short-term.

NEO/USD 60-minute chart

Spot rate: 32.80.

Relative change: -2.60%.

High: 34.68.

Low: 32.20.

Trend: Bearish

Support 1: 32.00, entrance of demand zone.

Support 2: 31.83, 21st July low,

Support 3: 31.15, demand zone.

Resistance 1: 33.79, 50MA.

Resistance 2: 33.96, 100MA.

Resistance 3: 34.50, supply zone.

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