NEO NEO/USD is trading at 17.03 and continues to move in the framework of strong growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in the NEO. As part of NEO forecast & analysis NEO/USD November 5, 2018, the test of the Ichimoku Kinko Hyo signal line region is expected near the level of 16.50. Where can we expect a rebound and an attempt to continue the growth of cryptocurrency with a goal near the level of 18.50.
NEO forecast & analysis NEO/USD November 5, 2018
An additional signal in favor of the growth of cryptocurrency NEO/USD will be a test of the support area, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for BUY the NEO cryptocurrency, due to the intersection of signal lines at the level of 15.45.
The cancellation of the growth option of NEO quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below the 15.40 area, which will indicate a change in the upward trend in favor of the downward trend and the continued decline of the digital asset. NEO/USD is expected to accelerate the growth of quotes with the breakdown of the upper boundary of the downward channel and closing above the level of 17.50.
NEO forecast & analysis NEO/USD November 5, 2018 involves an attempt to develop a correction of the cryptocurrency and the test level of 16.50, from which we can expect continued growth of the NEO rate with a potential target near the level of 18.50. Cancellation of the growth option will be the fall and the breakdown of the 15.40 area, which will indicate a continued decline.