NEO NEO/USD is trading at 124.10. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo Cloud is expected to test near the 127.00 level, from which one should expect a rebound and attempt to continue falling with the target near the level of 105.00. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
NEO forecast & analysis NEO/USD on March 4, 2018
Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 130.00. The cancellation of the variant of falling quotations of NEO will be the breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 130.00, which will indicate the change of 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 rising channel and the closing below 115.00.
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