NEO NEO/USD is trading at 91.26. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 95.00, from which one should expect a rebound and attempt to continue falling with a target near the level of 65.00.
NEO forecast & analysis NEO/USD on March 11, 2018
An additional signal in favor of the fall of the crypto currency will be the test of the upper boundary of the bearish channel. Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 130.00.
Canceling the variant of falling quotes NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 110.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes NEO/USD is with the breakdown of the lower boundary of the channel and closing below 75.00.
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