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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