NEO NEO/USD is traded at 77.95. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo Cloud test is expected near the level of 80.00, from which one should expect a rebound and attempt to continue falling with the target near the level of 65.00.
NEO forecast & analysis NEO/USD May 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the level of support, as well as a test of the lower boundary of the channel. Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 85.00.
The cancellation of the variant of falling of quotations NEO will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 87.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotes NEO/USD is with the breakdown of the support area and closing below the level of 75.00.
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