NEO NEO/USD is trading at the level of 113.99. 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 120.00, from which one should expect a rebound and attempt to continue falling with the target near 80.00. An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level.
NEO forecast & analysis NEO/USD on February 8, 2018
Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 150.00. The cancellation of the variant of falling quotations of NEO will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 135.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the decline in quotations NEO/USD is with the breakdown of the support area and closing below 75.00.
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