Possible bounce back for NEOUSD?
Following the breakdown from that triangle pattern, the pattern height tells us that this could be the new local low for NEO.
Still waiting for a proper buy signal, the market has definitely lost steam from its last bull run and needs higher volume levels, and ideally breaking back through those higher fib levels.
Lines in red are the next support zones in the event of NEO breaking down even further.
As always this is not financial advice.
Still new to this so I'd appreciate any input.
Thanks & happy trading!
Still waiting for a proper buy signal, the market has definitely lost steam from its last bull run and needs higher volume levels, and ideally breaking back through those higher fib levels.
Lines in red are the next support zones in the event of NEO breaking down even further.
As always this is not financial advice.
Still new to this so I'd appreciate any input.
Thanks & happy trading!
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