NEO NEO/USD is trading at the level of 113.99. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over NEO. Ichimoku Kinko Hyo Cloud is expected to test near the 115.00 level, from which it is expected to rebound and attempt to continue falling with the target close to 100.00. 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 95.00.
NEO forecast & analysis NEO/USD on February 11, 2018
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 125.00, which indicates the change of the flat trend in favor of bullish trend. Expect the acceleration of the fall in quotations NEO/USD stands with the breakdown of the lower boundary of the Cloud and closing below 90.00.
It is not necessary to exclude the formation of the reversal model «Head and Shoulders». In this case, after a test of the level of 100.00, the quotes of the cryptocurrency can begin to grow. With the breakdown of the level of the «Neckline» and the closing above 120.00, the goal of the NEO growth will be an area above the level of 180.00.
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