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NEO Technical Analysis: NEO/USD saved from further blushes as key support comes to the resuce

  • NEO was a noteworthy under performer on Thursday, seen down almost 4% in the latter stages of trading.
  • NEO/USD key near-term support comes to the rescue, demand zone seen tracking between $35.80-37.00 

NEO/USD 60-minute chart

Spot rate:                   36.00

Relative change:        -4.03%

High:                          38.20

Low:                           35.80

Trend:                         Neutral/Bearish

Resistance 1:            36.86, 100MA.

Resistance 2:            38.13, 50MA. 

Resistance 3:            40.00, supply zone.

Support 1:                 35.80, demand zone.

Support 2:                 34.15, (support on 60-minute chart).

Support 3:                 31.30, demand zone. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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