NEO NEO/USD is trading at 80.86. 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 78.00, from which we should expect a rebound and an attempt to continue growth with the target near the level of 95.00.
NEO forecast & analysis NEO/USD April 25, 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 scenario 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 70.00, 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 85.00.
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