NEO forecast of the cryptocurrency market on August 29, 2018

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NEO forecast of the cryptocurrency market on August 29, 2018

Cryptocurrency NEO NEO/USD is trading at 21.41. 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 20.50, where we can expect rebound and attempt to continue growth of the cryptocurrency with the aim of near the 25.50 level.

NEO forecast of the cryptocurrency market on August 29, 2018

Additional signal in favor of growth of the cryptocurrency NEO/USD will perform test support area. 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 closing prices below the 17.50 area, 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 resistance and a close above 22.50.

Thus, NEO forecast of the cryptocurrency market on August 29, 2018 involves the attempt to develop correction cryptocurrency and test at 20.50, where we can expect continuation of growth course NEO with a potential target near the level of 25.50, with a cancellation option growth will be the drop and the breakdown region 17.50, which indicates continued decline.

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