NEO NEO/USD is trading at the level of 53.12. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of the Ichimoku Kinko Hyo signal lines is expected near the level of 55.00, from which one should expect a rebound and an attempt to continue falling with a target near the level of 40.00.
NEO forecast & analysis NEO/USD on March 30, 2018
An additional signal in favor of the fall of the cryptocurrency 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.
Canceling the option of falling quotes NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 65.00, 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.