NEO NEO/USD is trading at 122.20. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over NEO. Ichimoku Kinko Hyo Cloud is expected to test near the level of 125.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 115.00. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
NEO forecast & analysis NEO/USD on March 3, 2018
Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 130.00. Canceling 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 135.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations NEO/USD stands with the breakdown of the lower boundary of the bullish channel and the closing below 110.00.
