NEO forecast & analysis NEO/USD on March 29, 2018


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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.

NEO forecast & analysis NEO/USD on March 29, 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 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.


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