NEO NEO/USD is trading at the level of 57.61. 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 is expected near the level of 60.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 45.00.
NEO forecast & analysis NEO/USD on March 28, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the lower boundary of the bullish channel. 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 quotations above the area of 70.00, which indicates a change in 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 50.00.