NEO NEO/USD is trading at the level of 49.53. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over NEO. Ichimoku Kinko Hyo Cloud is expected to test near the level of 51.00, from which it is expected to rebound and attempt to continue falling with the target near the level of 40.00.
NEO forecast & analysis NEO/USD April 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be the resistance level. Earlier, we received a weak signal for buy of NEO cryptocurrency, due to the crossing of signal lines at 46.00.
Cancellation of the variant of falling quotations NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 53.00, which indicates a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes NEO/USD is with the breakdown of the support area and the closing below the level of 43.00.
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