NEO NEO/USD is trading at 15.87 and continues to move in line with the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in NEO. As part of the NEO forecast & analysis NEO/USD October 15, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected near the level of 16.70, from which one can expect a rebound and an attempt to continue the cryptocurrency decline with a target near the level of 14.00.
NEO forecast & analysis NEO/USD October 15, 2018
An additional signal in favor of the fall in cryptocurrency NEO/USD will be a test of the resistance area, as well as a rebound from the upper boundary of the ascending channel. Earlier, a signal of average strength was obtained for sell of cryptocurrency NEO, due to the crossing of signal lines at the level of 18.20.
Canceling the option of falling quotes NEO will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 17.50, indicating a change in the downward trend in favor of an upward trend and continued growth of the digital asset. NEO/USD is expected to accelerate the fall in quotes with the breakdown of the support area and closing below the level of 15.50.
NEO forecast & analysis NEO/USD October 15, 2018 suggests an attempt to develop a cryptocurrency correction and test level of 16.70, from which we can expect the NEO rate to continue to fall with a potential target near the level of 14.00, growth and breakdown of the 17.50 area will cancel the reduction option, which will indicate continued growth .