NEO NEO/USD is trading at 16.14 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 bearish trend in NEO. As part of the NEO forecast & analysis NEO/USD October 29, 2018, Ichimoku Kinko Hyo signal lines are expected to test near the level of 16.50, from which one should expect a rebound and an attempt to continue the decline of cryptocurrency with a target near the 15.00 level.
NEO forecast & analysis NEO/USD October 29, 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 the 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 quotations above the 17.40 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 16.00.
NEO forecast & analysis NEO/USD October 29, 2018 suggests an attempt to develop a cryptocurrency correction and a test level of 16.50, from which we can expect a further fall in the NEO rate with a potential target near the level of 15.00, a strong growth and breakdown of the 17.40 area will be canceled, indicating that growth.