NEO NEO/USD is traded at the level of 72.02. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over NEO. The test of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the level of 71.00, from which we should expect a rebound and an attempt to continue growth with the aim near the level of 90.00.
NEO forecast & analysis NEO/USD April 27, 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 sell of NEO cryptocurrency, due to crossing of signal lines at the level of 77.00.
The cancellation of the growth of 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 68.00, which will indicate a change in the flat trend in favor of a bearish trend. Expect an acceleration in the growth of quotations NEO/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 77.00.
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