NEO forecast & analysis NEO/USD April 2, 2018


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NEO NEO/USD is trading at the level of 45.70. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of ​​the Ichimoku Kinko Hyo signal lines is expected near the level of 50.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 35.00.

NEO forecast & analysis NEO/USD April 2, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a medium strength signal was obtained for sell of NEO cryptocurrency, due to crossing of signal lines at 68.00.

NEO forecast & analysis NEO/USD April 2, 2018

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 ​​60.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotations NEO/USD is with the breakdown of the support area and closing below 42.00.


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