NEO/BTC - Looking for Downside to my target buy zone
Updated
My first NEO video, so do please be kind! haha
NEO in my opinion is one crypto that fair rather well in regards to the over all correction within the crypto space. While it did pull back it did not have a massive pull back like most other and instead really consolidated within a zone in my opinion. I speak to this in the video.
At present, I have identified a potential buy zone on NEO if it pulls back based on what I'm seeing in the chart. By no means is this a recommendation for anyone to follow suit.. just what I'm expecting and looking for to play out.
I hope you enjoyed the video, give a like and let me know what you think.
NEO in my opinion is one crypto that fair rather well in regards to the over all correction within the crypto space. While it did pull back it did not have a massive pull back like most other and instead really consolidated within a zone in my opinion. I speak to this in the video.
At present, I have identified a potential buy zone on NEO if it pulls back based on what I'm seeing in the chart. By no means is this a recommendation for anyone to follow suit.. just what I'm expecting and looking for to play out.
I hope you enjoyed the video, give a like and let me know what you think.
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Note
The .382 fib level has been broken and retested. Looking for price action to continue lower with current price action level (.0098000-.00975000) to act as minor support. Price action remains below the 200EMA on 4HR and lower charts giving added price to push price to the 200EMA on the daily, which aligns with my buy zone.
Will continue to watch for price to get to this buy zone, as of this update, I believe that is still a possibility.
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