NEO Technical Analysis: NEO/USD dives 9% lower, as bears jump on and enjoy fast ride south

  • NEO price was hit hard on Wednesday, nursing chunky losses of over 9%.
  • NEO/USD hit lowest levels seen since December 2017, low of the session printed at $35.73.
  • Price behaviour suggests there could be some further selling to come, after small textbook bounce.

 

NEO/USD 15-minute chart

 

Spot rate:                    6224.90

Relative change:         – 4.95%

High:                           6611.70

Low:                            6107.90

 

Trend:                         Bearish

 

 

Support 1:                   5998.60, 26th February lows.

Support 2:                   5775.00, demand area.

Support 3:                   5500.00, (support on 60 minute)

Resistance 1:              6670.00, 50MA,

Resistance 2:              6900.00, (resistance on 60-minute).

Resistance 3:              6920.00, 100MA.

 

 

 

 

 

 


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