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NEO Technical Analysis: NEO/USD struggling to breakdown the supply zone where the bears continue to lay ready to bite

FX Street

Updated: 25 Jul. 2018 | 22:06

NEO is seen up with very modest gains on Wednesday of 1%.
NEO/USD continues to struggle breaking down $34.50-35.50 supply area.

NEO/USD 60-minute chart

Spot rate: 34.20

Relative change: 1.23%

High: 35.50

Low: 33.50

Trend: Bearish

Support 1: 33.78, 100MA.

Support 2: 33.72, 50MA.

Support 3: 31.81, 21st July low & demand zone.

Resistance 1: 34.50, supply zone entrance.

Resistance 2: 35.50, today’s (Wednesday) high.

Resistance 3: 35.75, 24th July high.

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