NEO NEO/USD is trading at 17.07 and continues to move as part of the correction. 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 NEO forecast & analysis NEO/USD October 22, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 17.30, from where it is necessary to expect a rebound and an attempt to continue the decline of cryptocurrency with a goal near the level of 15.50.
NEO forecast & analysis NEO/USD October 22, 2018
An additional signal in favor of the fall in cryptocurrency NEO/USD will be the test of the resistance area, as well as a rebound from the upper limit of the downward channel. Previously, a strong signal was received for sell of NEO cryptocurrency, due to the crossing of signal lines at the level of 17.10.
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 quotes above the 18.00 area, which will indicate 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 the level of 16.50.
NEO forecast & analysis NEO/USD October 22, 2018 involves an attempt to develop a cryptocurrency correction and test at 17.30, from which we can expect the NEO rate to continue to fall with a potential target near the level of 15.50, a strong growth and breakdown of the 18.00 area will cancel the reduction option, indicating further growth.