- 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.
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