NEO forecast & analysis NEO/USD on March 27, 2018


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NEO NEO/USD is traded at the level of 57.90. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo’s lower bound is expected near the level of 64.00, from which one should expect a rebound and an attempt to continue falling with the target near the level of 45.00.

NEO forecast & analysis NEO/USD on March 27, 2018

An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was obtained for sell of NEO cryptocurrency, due to crossing of signal lines at 68.00.

NEO forecast & analysis NEO/USD on March 27, 2018

Cancellation of the variant of falling quotations NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of ​​72.00, 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 bottom of the bullish channel and closing below 55.00.

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