NEO forecast of the cryptocurrency market on August 17, 2018

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NEO forecast of the cryptocurrency market on August 17, 2018

Cryptocurrency NEO NEO/USD is trading at 16.85 and will continue to move within the descending channel. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward 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 17.50, where we can expect rebound and attempted another cryptocurrency with the aim to near the level of 8.00.

NEO forecast of the cryptocurrency market on August 17, 2018

Additional signal in favor of fall cryptocurrency NEO/USD will be the rebound from the resistance area and test of the upper border of the descending channel. Earlier it was obtained a weak signal for purchase cryptocurrency NEO, due to the intersection of the signal lines at the level of 16.80.

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 21.00, which will point to a change in the downward trend 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 13.50 level.

Thus, NEO forecast of the cryptocurrency market on August 17, 2018 involves the attempt to develop correction cryptocurrency and test the level of 17.50, where we can expect further rate fall of the NEO with a potential target near the level of 8.00, cancellation of risk will deliver strong growth and the breakdown region 21.00.

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