NEO NEO/USD is trading at the level of 67.65. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over NEO. Ichimoku Kinko Hyo upper limit test is expected near the level of 71.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 57.00.
NEO forecast & analysis NEO/USD on March 24, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a medium strength signal was obtained for sell of NEO cryptocurrency, due to crossing of signal lines at 68.00.
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 72.50, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the decline in quotations NEO/USD is with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and closing below 60.00.
