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  • 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.