NEO NEO/USD is trading at the level of 52.15. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo Cloud is expected to test near the level of 53.50, from which we should expect a rebound and an attempt to continue the fall with the target near the 40.00 level.
NEO forecast & analysis NEO/USD April 4, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of NEO cryptocurrency, due to the crossing of signal lines at the level of 50.00.
Canceling the option of falling quotations NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 56.50, 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 45.00.
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