NEO Technical Analysis: NEO/USD tumbles to lowest level seen since December 2017, down 9% on Tuesday
|- NEO hit hard again in the resumption of selling on Tuesday, down as much as 9%.
- The price has been forced to its lowest seen since 22nd December 2017 for NEO/USD.
- NEO/USD still appears to be vulnerable to some further downside pressure.
NEO/USD daily chart
Spot rate: 41.61
Relative change: -8.70%
High: 46.50
Low: 40.33
Trend: Bearish
Support 1: 41.34, 15th December 2017 low.
Support 2: 33.22, (support on daily chart).
Support 3: 31.45, 22nd December 2017 low,
Resistance 1: 63.52, 50MA.
Resistance 2: 65.66, below ascending trend line & 100MA.
Resistance 3: 82.00, entrance of supply zone.
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