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
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.




