NEO forecast of the cryptocurrency market on August 28, 2018

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NEO forecast of the cryptocurrency market on August 28, 2018

Cryptocurrency NEO NEO/USD is trading at 20.06. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend for NEO. In the framework of the forecast rate of digital currency is expected to test region signal lines Ichimoku Kinko Hyo near the level of 19.00, where we can expect rebound and attempt to continue growth of the cryptocurrency with the aim to near the level of 24.00.

NEO forecast of the cryptocurrency market on August 28, 2018

Additional signal in favor of growth of the cryptocurrency NEO/USD will perform test support area and rebound from the upper boundary of the model “Triangle”. Earlier it was obtained a weak signal for purchase cryptocurrency NEO, due to the intersection of the signal lines at the level of 18.50.

Cancellation option growth of quotations of NEO will be a breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations below 17.00, which indicates the change of the upward trend in favor of the downward trend and continued decline. Expect acceleration of growth of quotations NEO/USD is a breakout of the resistance area and closing above the level of 21.50.

Thus, NEO forecast of the cryptocurrency market on August 28, 2018 involves the attempt to develop correction cryptocurrency and test at 19.00 where we can expect continuation of growth course NEO with a potential target near the level of 24.00, with a cancellation option growth will be the drop and the breakdown region 17.00, which indicates continued decline.

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