NEO Price Analysis: NEO/USD is looking to test a key technical level
|- NEO/USD looks likes it could test the key technical resistance of 13.4450.
- If the market does retrace then 12.310 could be the next support.
NEO/USD Daily Chart
NEO has been on a good run of late and trades 1.55% higher on Thursday.
If the market pulls back then the previous wave high of 12.310 could act as support.
Beyond that, there is a support level at the trendline below the current price level.
The volume has been supporting the buy-side, as when the price has risen the volume increased.
On the hourly timeframe, the 13.000 level has just been rejected so keep an eye on short term retracements.
-637166187336953739.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.