NEO NEO/USD is trading at 66.73. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. The test area of the Ichimoku Kinko Hyo signal lines is expected near the level of 69.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 50.00.
NEO forecast & analysis NEO/USD May 14, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 85.00.
The cancellation of the variant of falling quotations of NEO will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 76.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NEO/USD is with the breakdown of the support area and closing below the level of 60.00.
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