NEO NEO/USD is trading at the level of 105.83. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo signal line area test is near the 110.00 level, from which it is expected to rebound and attempt to continue the fall with a target near the 95.00 level.
NEO forecast & analysis NEO/USD on March 8, 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, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 130.00.
Cancellation of the variant of falling quotations NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 125.00, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes NEO/USD stands with the breakdown of the lower boundary of the bullish channel and the closing below 100.00.
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