NEO NEO/USD is trading at the level of 64.77. 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 62.00, from which it is expected to rebound and try to continue growth with the target near the level of 75.00.
NEO forecast & analysis NEO/USD April 17, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. Earlier, we received a weak signal for buy of NEO, 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 55.00, 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 72.00.
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