NEO NEO/USD is trading at the level of 118.78. 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 120.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 100.00.
NEO forecast & analysis NEO/USD on March 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the intersection 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 bullish channel and the closing below 115.00.
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