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  • NEO enjoys a huge jump of over 8% in the latter stages of trading on Tuesday, after a slow start.
  • NEO/USD will need to break down $40-41.40 supply zone, to see some further decent upside.
  • Support can be seen at $38.90, should the bull run lose momentum.

 

NEO/USD 60-minute chart

 

Spot rate:                                     39.88.

Relative change:         +8.55%.

High:                            40.26.

Low:                             35.69.

 

Trend:                          Neutral.

 

Resistance  1:              40.26, today’s (Tuesday) high.

Resistance 2:              41.01,  8th July high & supply zone.

Resistance 3:              42.20, (resistance on 60-minute chart).

Support 1:                   38.90, (support on 60-minute chart).

Support 2:                   38.55, support seen on 9th July, during similar price action  behavior.  

Support 3:                   36.80, demand zone.