NEO NEO/USD is traded at the level of 67.40. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of Ichimoku Kinko Hyo signal lines near the level of 70.00 is expected, from which you should expect a rebound and attempt to continue falling with the target near the level of 50.00.
NEO forecast & analysis NEO/USD on March 17, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of NEO cryptocurrency, due to the crossing of signal lines at 85.00.
Canceling the variant of falling quotes NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 90.00, which indicates the change of the bearish trend in favor of the bullish. Expect the acceleration of the fall in quotations NEO/USD is with the breakdown of the lower boundary of the model «Triangle» and closing below 60.00.
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