NEO NEO/USD is trading at 111.87. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of the Ichimoku Kinko Hyo signal lines is expected near the level of 120.00, from which one should expect a rebound and attempt to continue falling with the target close to 80.00. An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model.
NEO forecast & analysis NEO/USD on February 5, 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 145.00, which indicates the change in the bullish trend in favor of the bearish trend. Expect to accelerate the fall in quotes NEO/USD is with the breakdown of the lower limit of the model «Triangle» and closing below 105.00.
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