NEO forecast & analysis NEO/USD May 14, 2018

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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.

NEO forecast & analysis NEO/USD May 14, 2018

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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