NEO NEO/USD is traded at the level of 19.05 and continues to move within the framework of the correction. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in NEO. As part of the NEO forecast & analysis NEO/USD October 1, 2018, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 18.80, where we expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the level of 21.50.
NEO forecast & analysis NEO/USD October 1, 2018
An additional signal in favor of the growth of the NEO/USD cryptocurrency will be a test of the support area, as well as a rebound from the lower border of the rising channel. Earlier, a medium strength signal was received for buy of NEO cryptocurrency, due to the crossing of signal lines at 18.30.
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 quotes below the area of 18.00, which will indicate a change in the upward trend in favor of the downward trend and the continued fall of the digital asset. Expect the acceleration of the growth of quotations NEO/USD is with the breakdown of the resistance area and the closing above the level of 20.00.
NEO forecast & analysis NEO/USD October 1, 2018 suggests an attempt to develop a correction of the cryptocurrency and the test level of 18.80, where we can expect the continuation of the NEO growth with a potential target near the level of 21.50, the abolition of the growth variant will fall and the breakdown of the area of 18.00, which will indicate a continued decline.
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