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  • NEO is down 5% in the latter stages of  trading  on Wednesday, failing to break down resistance.
  • A chunky supply zone can be seen between $40-41.25. NEO/USD lost ground at the highs of the session $40.81.

 

NEO/USD 60-minute chart

 

Spot rate:                    37.36

Relative change:         -5.00%

High:                           40.81.

Low:                            36.66.

 

Trend:                          Neutral/Bearish.

 

Resistance  1:             40.00, supply zone entrance.

Resistance 2:             40.81,  session high (Wednesday).

Resistance 3:              42.25, (resistance on 60-minute chart).

Support 1:                  37.00, demand zone  entrance.

Support 2:                 36.65, (support on 60-minute chart).

Support 3:                 35.85, 100MA.