NEO NEO/USD is trading at the level of 75.89. 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 80.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 67.00.
NEO forecast & analysis NEO/USD May 10, 2018
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 85.00.
Cancellation of the variant of falling of quotations NEO will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 85.00, which will indicate the change of 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 the level of 72.00.
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