NEO NEO/USD is trading at the level of 99.54. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEO. Ichimoku Kinko Hyo Cloud is expected near the level 110.00, from which it is expected to rebound and attempt to continue falling with the target near 60.00. An additional signal in favor of the fall of the cryptocurrency will be a test of the lower border of the channel.
NEO forecast & analysis NEO/USD on January 18, 2018
Earlier, we received a weak signal for sell of NEO cryptocurrency, due to the crossing of signal lines at 150.00. Canceling the growth of NEO quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 135.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the decline in quotations NEO/USD is with the breakdown of the support level and closing below 80.00.
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