NEO NEO/USD is trading at the level of 63.29. 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 level of 65.00 is expected, from which it is expected to rebound and attempt to continue falling with the target near the level of 50.00.
NEO forecast & analysis NEO/USD on March 18, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of NEO cryptocurrency, due to the crossing of signal lines at 85.00.
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 quotes above the area of 85.00, 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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