NEIROETH possible move Wait for reaction in the zone below if it gets a good reaction then it can possibly go up to mentioned zones
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Neiroeth
Neiro and 2 memecoins may skyrocket as Binance reveals listingThe cryptocurrency market is abuzz as Binance announces its latest listings, which include NEIRO, TURBO, and BabyDoge. This decision by the prominent exchange platform could significantly influence their market trajectories.
Binance has announced the addition of three new cryptocurrencies to its platform. Starting on September 16, 2024, at 10:00 UTC, users will be able to trade Neiro (NEIRO), Turbo (TURBO), and Baby Dogecoin. These tokens will be available in several trading pairs. Investors must conduct thorough research before trading these new tokens on other platforms. This step helps in safeguarding their investments against potential scams.
NEIRO has recently experienced a price dip. In contrast, TURBO and BabyDoge have notably increased their market prices, demonstrating a strong bullish pattern and fostering optimism among their holders.
In a promising development for cryptocurrency enthusiasts, Binance has announced the addition of Neiro, Turbo, and Baby DogeCoin to its trading platform. This strategic expansion could significantly impact the altcoin market. If the price of Neiro continues to gain momentum, it could rally to $0.08. If this trend persists, a surge toward $0.1 in the near term might be on the horizon.
NEIRO | InformativeMEXC:NEIROETHUSDT
Higher Highs (HH) and Higher Lows (HL):
The indicator is identifying important market structure points where price forms higher highs and higher lows. These are indicative of an uptrend where the price is consistently making new highs and the pullbacks are higher than the previous ones.
The last few points marked as "HL" suggest that the market is respecting these levels as higher lows, which could indicate a bullish continuation if the trend holds.
Trendlines and Support/Resistance Levels:
Several trendlines are drawn on the chart, indicating different angles of support and resistance. One ascending trendline is guiding the current higher lows.
There are clearly defined horizontal levels such as "Bullish Line" (green), "Bearish Line" (red), "Target Price1," and "Target Price2," suggesting key psychological or technical areas that traders are watching.
Price Action and Candlestick Patterns:
The recent candlestick formations are relatively small, indicating a period of consolidation or low volatility after a strong uptrend.
This consolidation might be building up for a breakout, and traders might look for signals such as a break above the recent highs or below the trendline support.
RSI Indicator:
The RSI is hovering around the 50-level, indicating a neutral momentum. A move above 70 would suggest overbought conditions, while below 30 would indicate oversold conditions.
The RSI moving average crossover appears to show a potential upward momentum but remains relatively flat, which aligns with the current consolidation phase.
Conclusion and Potential Trade Ideas:
Bullish Scenario: If the price breaks above the most recent Higher High (HH) level with strong volume, it could indicate a continuation of the uptrend, targeting the next resistance level or "Target Price1."
Bearish Scenario: If the price breaks below the ascending trendline and the last identified Higher Low (HL), it might suggest a trend reversal or a deeper pullback, targeting the "Bearish Line" or lower.
Neutral Strategy: Given the current consolidation and neutral RSI, traders might also consider waiting for a confirmed breakout in either direction before taking a position.
Phemex Analysis #20 NEIROETH - A Rollercoaster Coin!NEIROETH, the latest listing on Phemex 3 days ago, but it has exhibited significant price fluctuations since its launch at 29th July 2024.
1. Initial Surge: NEIROETH experienced a remarkable 1990% increase to its all-time high within 11 days.
2. Sharp Correction: However, it subsequently underwent a 91.9% decline to its all-time low in less than 30 days.
3. Rebound: The price has since rebounded by 887%, currently trading at $0.178.
While this volatile price action might seems risky for some investor, yet it's also bring significant gain for those who enter at the right time. Volatility is a Double-edge Sword.
Here we list out a few potential future scenarios on NEIROETH, for us to make informed decision for our trade.
1. Breakout: If the price breaks above the $0.21 level with high volume, it may continue to rise, potentially reaching $0.235, $0.26, or even the all-time high of $0.289.
2. Bearish Drop: Alternatively, if the price falls below the $0.123 support level with high volume, it could continue to decline to $0.07 or $0.057. This might present a buying opportunity, but it's essential to avoid over-allocation.
3. Consolidation: While less likely, NEIROETH's price could consolidate around the $0.21 and $0.12 levels. In this scenario, Phemex Neutral Grid Bots might be a strategy to consider.
Note: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
NEIROETH: Completed impulse? Levels to watch!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
There is a potential for an completed impulse up here, not the most ideal look and the 3 wave move up could mean there is a flat in the works...
But I think the main level we have to watch is the 0.1168 area.
A sweep of the level would be ok, but a break of the level could lead to it turning into resistance and a revisit of some lower prices.
Trade Safe,
Trade Clarity.
Can $NEIRO become another billion-dollar blue chip meme?NEIRO on ETH just had a lot of exposure on the socials.
$NEIRO, Ethereum memecoin price rallies +22% in the past 24 hours.
Currently the number 1 coin traded on Dextool and it got listed on Bybit, MEXC, Gateio, and other exchanges. In bullish market circumstances this could do very well.
Will this coin become one of the blue-chip memes, along with CRYPTOCAP:WIF , CRYPTOCAP:PEPE , and $BRETT?
Technical Outlook:
Neiro has been holding surprisingly well, although it's now at the first level of resistance.
Any dip around .057 to .053 is a gift if you want to buy or accumulate.
Possible Targets:
$0.080 - short term
$0.10 to $0.12 - mid term
