NEO NEO/USD is traded at the level of 71.34. 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 near the 80.00 level is expected, from which it is expected to rebound and attempt to continue falling with the target near the level of 55.00.
NEO forecast & analysis NEO/USD on March 16, 2018
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. Earlier, a strong signal was received for sell of NEO cryptocurrency, due to the crossing of signal lines at 85.00.
Cancellation of the variant of falling of quotations NEO will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 100.00, which will indicate 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 60.00.
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