NEO forecast & analysis NEO/USD May 16, 2018

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NEO NEO/USD is trading at the level of 65.02. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo Cloud is expected to test near the 67.00 level, from which you should expect a rebound and attempt to continue falling with the target near the level of 50.00.

NEO forecast & analysis NEO/USD May 16, 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, a weak signal was received for buy of NEO cryptocurrency, due to the crossing of signal lines at the level of 65.00.

NEO forecast & analysis NEO/USD May 16, 2018

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 quotes above the area of ​​75.00, which will indicate a change in 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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