NEO NEO/USD is traded at the level of 87.09. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NEO. Ichimoku Kinko Hyo Cloud test is expected near the level of 84.00, from which it is expected to rebound and try to continue growth with the target near the level of 100.00.
NEO forecast & analysis NEO/USD May 5, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Previously, a strong signal was received for buy of NEO, due to the crossing of signal lines at 83.00.
The cancellation of the growth scenario for NEO quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 79.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations NEO/USD stands with the breakdown of the resistance area and the closing above the level of 95.00.
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