NEO NEO/USD is traded at the level of 61.24. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NEO. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 57.00, from which we should expect a rebound and an attempt to continue growth with the target near the level of 70.00.
NEO forecast & analysis NEO/USD April 13, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the upper boundary of the bullish channel. Earlier, we received a weak signal for buy of NEO cryptocurrency, due to the crossing of signal lines at 46.00.
The cancellation of the growth option for NEO quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 50.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations NEO/USD stands with the breakdown of the resistance area and the closing above the level of 65.00.