NEO NEO/USD is trading at 47.96. 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 48.50, from which it is expected to rebound and attempt to continue falling with the target near the level of 36.00.
NEO forecast & analysis NEO/USD April 9, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Previously, a strong signal was received for the sell of the NEO cryptocurrency, due to the crossing of the signal lines at the level of 49.00.
Cancellation of the variant 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 53.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations NEO/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below 43.00.