NEO NEO/USD is traded at the level of 125.60. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 135.00, from which one should expect a rebound and an attempt to continue falling with a target near 100.00. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
NEO forecast & analysis NEO/USD on February 4, 2018
Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 150.00. Canceling 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 155.00, which indicates the change in the bullish trend in favor of a bearish trend. Expect the acceleration of the fall in quotations NEO/USD is with the breakdown of the level of support and closing below 105.00.
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