NEIROETH is not bullish at the moment!Note: This is a MEME COIN, it is highly volatile, control the risk.
Examining the structure, it appears to be in a major correction, which is now in wave C of this correction.
Wave C looks like a FLAT, we are now at the end of wave C of this flat.
It can move down while maintaining the red range.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
NEIROETHUSDT.P trade ideas
NEIROUSDT Trade the Triangle break-outsNEIRO (NEIROUSDT) has been trading within a Triangle pattern since the September 10 All Time High (ATH). The 1D MA50 (blue trend-line) is almost in the middle of it, so the trend will be neutral and sideways as long as the price keeps trading within.
Our suggestion is to trade to the direction of the break-out that takes place first. If it will be above the pattern (Lower Highs), buy and target the 2.0 Fibonacci extension at 0.2200. If below the pattern (Higher Lows), sell and target the -1.0 Fib ext at 0.0310.
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updateToday, the price touched the ceiling of the channel for the third time with a relatively sharp movement, the movement started from the midline of the channel, there is a possibility of correction to the midline and even the bottom of the channel, a stable upward movement will be realized by exiting the channel
NIEROETHUSDT breakout or downfall?NIEROETH is on an uptrend with a considerable volume and I expect some actions in 830 level.
However, if the price is to break through the level with volume spike,
there's a good chance the uptrend will continue:
signaling a reversal of the 2-weeks downtrend.
This is pretty convincing due to the current flow of the crypto market.
Shorting $NEIROETH Now: Positioning Before the Next Move Up!Shorting some $NEIROETH here.
If it starts closing above 14 cents, the idea is probably wrong.
I'm looking for a retrace before further continuation.
$NEIROCTO also appears a bit overextended, but I believe it has more potential in the long run. I’ll do a fresh post on that one.
Neirousdt trading opportunity
NEIROUSDT has made a significant breakout from its downtrend and is now targeting a pullback towards the key trendline that initiated the breakout.
Our plan is to accumulate in the immediate buy-back zone and hold the position until reaching the final setup area, which is anticipated to be a strong sell-off zone.
Share your thoughts on this project in the comments.
$NEIROETH - long with initial target of $0.30. More upsideI remain bullish on $NEIRO in the short term, with strong upside potential over the coming weeks. The current price of $0.1314 presents an attractive entry point.
$NEIRO has been consolidating around the $0.12 level, holding steady after the recent pullback. This accumulation phase is a bullish sign, suggesting that buyers are stepping in, preparing for the next leg upward. The increase in trading volume supports the likelihood of an upward move.
A break above the $0.15 resistance level would signal a significant breakout, potentially leading $NEIRO to rally towards the next major resistance zone at $0.30. This psychological price level is my medium-term target.
NEIROUSDT - YehYehTrader - 10/10/2024For the NEIROUSDT pair, there isn't much data on the chart to provide a comprehensive assessment. However, the market is generally in an uptrend with higher highs and higher lows. Currently, it is in a corrective downtrend. I can only offer my opinion based on the data shown on the chart. In my view, I would wait for a reaction at the marked high-volume zones on the chart and look for buying opportunities. Good luck!
NEIROETH/USDT SHORTThe chart highlights the following key points: Current market structure: The price has reached a resistance zone (indicated as "Weak High") and entered the premium zone. This may indicate that a local peak is approaching and a correction is possible. There is a clear uptrend with several "BOS Long" signals (upward breakout of the structure) confirming the upward movement. The price has reached the previous local maximum and is experiencing some resistance at these levels. Indicators: MACD is showing signs of weakening the uptrend as the MACD lines are converging and a bearish crossover may occur. RSI (Relative Strength Index) is already above 61, indicating that the asset is potentially overbought and there is a possibility that the price will start correcting downwards in the near future. Zones of interest: Premium zone: Is above the 0.5 Fibonacci level, which suggests that traders may sell or take profits. Strong support level: Is located at around 0.055. This area could be a potential target for a pullback if a correction occurs. Forecast for the next 12 hours: At the moment, there are signs of a possible short-term downward price correction based on the weakening bullish momentum in the indicators and resistance at the Weak High level. The price is expected to move lower towards the nearest significant support level (in the 0.075-0.080 area) before continuing higher if the uptrend continues to hold.