NEO NEO/USD is traded at the level of 47.68. 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 51.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 40.00.
NEO forecast & analysis NEO/USD April 5, 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.
Cancellation of the variant of falling of quotations NEO will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 56.00, which will indicate 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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