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 it is expected to rebound and attempt to continue falling with the target near the level of 100.00. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 130.00.
NEO forecast & analysis NEO/USD on March 5, 2018
The cancellation of the variant of falling of quotations NEO will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 133.00, 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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