NEO NEO/USD is trading at 17.93 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 downward trend in NEO. As part of the cryptocurrency exchange rate forecast for October 4, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected near the level of 18.50, from which one can expect a rebound and an attempt to continue the cryptocurrency decline with a target near the level of 16.50.
NEO forecast & analysis NEO/USD October 4, 2018
An additional signal in favor of reducing the cryptocurrency NEO/USD will be a test of the resistance area, as well as a rebound from the upper limit of the downward channel. Previously, a weak signal was received for the sell of cryptocurrency NEO, due to the crossing of signal lines at the level of 18.90.
Canceling the option of falling quotes NEO will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotations closing above 19.50, indicating a change in the downward trend in favor of the 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 17.00.
NEO forecast & analysis NEO/USD October 4, 2018 involves an attempt to develop a cryptocurrency correction and test level of 18.50, from which we can expect continued decline in the NEO rate with a potential target near the level of 16.50.
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