NEO is bullish till 3rd of March with the upcoming airdrop.
It is always wise to buy low sell high, so I am waiting for a correction to 0.5 fibonacci level, which is healthy. 0.382 fibonacci also played good res/sup line in the past so and ABC type of movement between wave 1 to 2 may happen.
The profit regions are still unclear since we did not see the bottom of the correction yet so stay tuned for the SELL positions.
It is possible to enter partially after 0.382 fibonacci level as well.
Hence,
Buy @ 0.01247
P.S: we may see the correction going to the 0.236 fibonacci level (0.013 BTC) so enter partially if you are not 7/24 monitoring.
These are my humble opinions not a trade advice at any sense :)
Appreciate comments, likes and if you do like the analysis please follow :)
It is always wise to buy low sell high, so I am waiting for a correction to 0.5 fibonacci level, which is healthy. 0.382 fibonacci also played good res/sup line in the past so and ABC type of movement between wave 1 to 2 may happen.
The profit regions are still unclear since we did not see the bottom of the correction yet so stay tuned for the SELL positions.
It is possible to enter partially after 0.382 fibonacci level as well.
Hence,
Buy @ 0.01247
P.S: we may see the correction going to the 0.236 fibonacci level (0.013 BTC) so enter partially if you are not 7/24 monitoring.
These are my humble opinions not a trade advice at any sense :)
Appreciate comments, likes and if you do like the analysis please follow :)
Don't forget NEO did not see still a major correction so it can also break the supports and find resistance at 100 & 200 EMAs
It may be wise to open a position inside the green box and take a reaction profit