NEO NEO/USD is traded at the level of 60.27. 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 61.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 48.00.
NEO forecast & analysis NEO/USD May 21, 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.
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 68.00, which will indicate 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 closure below the level of 55.00.
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