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NEO Technical Analysis: NEO/USD sees the big bulls driving the price over 9% higher on Monday

NEO one of the noteworthy out performers, with gains in excess of 9% on Monday.
NEO/USD could make a decent run back towards $40, should near-term barrier be taken out.

Ken Chigbo Independent Analyst

NEO/USD 60-minute chart

Spot rate: 0.46969

Relative change: +8.93%

High: 37.09.

Low: 33.00

Trend: Bullish

Resistance 1: 37.09, today's (Monday) high.

Resistance 2: 37.30, supply zone.

Resistance 3: 39.15, (resistance on 60-minute chart).

Support 1: 36.20, 7th July low.

Support 2: 35.60, (support on 60-minute chart).

Support 3: 34.22, (support on 60-minute chart).

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.

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