NEO NEO/USD is traded at the level of 61.17. 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 level of 64.00, 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 18, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel, as well as the test of the resistance region. Previously, a strong signal was received for the sell of the NEO cryptocurrency, due to the crossing of the signal lines at 64.00.
Canceling the variant of falling quotes NEO will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 72.00, which indicates a change in 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 the closing below the level of 57.00.