NEO forecast of the cryptocurrency market on August 27, 2018

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NEO forecast of the cryptocurrency market on August 27, 2018

Cryptocurrency NEO NEO/USD is trading at 17.34. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend for NEO. In the framework of the forecast rate of digital currency is expected to test the upper border of the Ichimoku Kinko Hyo Cloud near the 18.00 level where we can expect rebound and attempted another cryptocurrency with the purpose of around 14.00.

NEO forecast of the cryptocurrency market on August 27, 2018

Additional signal in favor of fall cryptocurrency NEO/USD will perform the test of resistance, and rebound from the upper boundary of the model “Triangle”. Was previously received signal average strength for sales cryptocurrencies NEO, due to the intersection of the signal lines at the level of 18.20.

The cancellation option drop in prices of NEO will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above 19.50, which indicates the change of lateral tendency in favor of a rising trend and continued growth. Expected to accelerate the drop in prices of NEO/USD is a breakout of the lower boundary of the model “Triangle” and close below the 16.00 level.

Thus, NEO forecast of the cryptocurrency market on August 27, 2018 involves the attempt to develop correction cryptocurrency and test at 18.00, where we can expect further rate fall of the NEO with a potential target near the level of 14.00, cancellation of risk will deliver strong growth and the breakdown region 19.50, which indicates continued growth.

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