NEO NEO/USD is trading at the level of 59.94. 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 29, 2018
An additional signal in favor of the fall of the crypto currency will be the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was obtained for sell of NEO cryptocurrency, due to crossing of signal lines at 68.00.
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 quotes above the area of 68.00, 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 support area and closing below 50.00.