NEO Technical Analysis: NEO/USD drops 16% within 4 consecutive sessions of hard losses, no slow down of selling pressure for the market
|- NEO was seen trading in the red once again on Wednesday, nursing losses of 2%.
- NEO/USD has traded firmly in the red for the past 4 straight sessions.
NEO/USD 60-minute chart
Spot rate: 29.10
Relative change: -1.99%
High: 30.29
Low: 28.60
Trend: Bearish
Support 1: 28.86, (support on 60-minute chart).
Support 2: 28.60. today's (Wednesday) low, back-end of a demand zone.
Support 3: 28.00, stops triggered heavily to downside on 28th June.
Resistance 1: 30.26, 50MA.
Resistance 2: 31.45, entrance to supply zone.
Resistance 3: 31.78, 100MA.
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