NEO NEO/USD is trading at the level of 87.72. 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 near the level of 90.00 is expected, from which it is expected to rebound and attempt to continue falling with the target near the level of 70.00.
NEO forecast & analysis NEO/USD on March 12, 2018
An additional signal in favor of the fall of the cryptocurrency 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 option 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 105.00 area, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotations NEO/USD is with the breakdown of the support area and closing below 80.00.
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