NEO NEO/USD is trading at 73.74. 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 near the level of 69.00 is expected, from which we should expect a rebound and an attempt to continue growth with the target near the level of 85.00.
NEO forecast & analysis NEO/USD April 20, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower 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 quotes below the area of 60.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations NEO/USD stands with the breakdown of the upper border of the channel and the closing above the level of 77.00.
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