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  • 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.