NEO NEO/USD is trading at 85.58. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NEO. Ichimoku Kinko Hyo Cloud is expected to test near the level of 84.00, from which one should expect a rebound and an attempt to continue growth with the target near the 105.00 level.
NEO forecast & analysis NEO/USD May 6, 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 cryptocurrency, 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 to accelerate the growth of quotations NEO/USD is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 90.00.
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