Is NEIRO poised for even greater bullish breakout?NEIRO crypto appeared to be forming the early stages of a bullish reversal after a period of consolidation and downward pressure.
Analysts suggested the price may consolidate between $0.0034 and $0.0045 before making any significant upward movement.
Crypto analyst Zen stated, “$NEIRO starting a bullish reversal imho.”
He added that the price might consolidate within this range before breaking above the $0.006 resistance level.
Once this resistance is broken, the next major target would be $0.00793, and a surge toward $0.01 could follow.
According to Zen analysis, the $0.006 level stands out as the first major resistance to watch. If NEIRO breaks above this point, it could mark the start of stronger bullish momentum.
The next key resistance at $0.00793 would serve as a potential trigger for further upward movement, possibly leading to a psychological target of $0.01.
The price path projection indicates a possible retest of $0.006, followed by a push toward $0.00793.
On the technical side, the 50 EMA ($0.003889) and 100 EMA ($0.003909) remained above the current price, indicating short-term resistance.
The price appeared to be struggling to break past these levels, suggesting a possible consolidation phase.
The RSI (Relative Strength Index) is slightly bearish at 46.25, indicating weak momentum and slight selling pressure. However, the RSI is not yet in oversold territory, suggesting that further declines may be limited.
The MACD (Moving Average Convergence Divergence) showed little movement, with the lines hovering near the zero level, indicating a lack of strong directional momentum.
This reinforced the likelihood of continued sideways movement until a breakout occurs.
NEIROUSDT trade ideas
#NEIRO: Potential for a 200-300% Gain!Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
NEIRO is forming a symmetrical triangle pattern while holding above the 21 EMA support. The price is showing potential for an uptrend, and a breakout will provide confirmation.
Once NEIRO breaks above the resistance trendline, it is likely to rally 200-300% soon. The support between $0.003014 and $0.003557 is expected to hold the price in case of a dip.
Key levels:
- Primary Support/Accumulation: $0.00355 to CMP.
- Primary Resistance: $0.0044.
- Lower Support/Accumulation: $0.003014.
- Target: $0.00635, $0.008019, $0.00945, $0.01198, $0.01411.
DYOR. NFA.
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Neirousdt trading opportunityThe Neiro is currently showing signs of a potential inverted cup and handle formation. It is crucial to monitor the price's reaction towards the setup neckline, as a breakdown from that level will activate the setup.
The chart indicates the final setup target, and it is essential to keep a close eye on the important trendline in the upside zone.
We would love to hear your thoughts on Neiro in the comments section.
Reef Reef (REEF) has been showing interesting price movement recently, with notable technical and market developments.
1. Recent Market Performance: Despite facing challenges such as its delisting from Binance, Reef experienced a significant price rebound in September 2024, reaching a high of $0.0012. The price recovered from a low point, and investor interest surged, largely shifting to other platforms like Gate.io and KuCoin.
2. Technical Indicators: Reef is currently exhibiting strength, with signs like breaking above its 50-day moving average and forming a bullish falling wedge pattern. The Relative Strength Index (RSI) sits at 43.46, indicating neutral market conditions, while the Average Directional Index (ADX) suggests a strong uptrend, although some consolidation could happen before further gains. However, the token remains 34% below its 200-day simple moving average, which suggests room for growth.
3. Key Developments: Reef Finance has also launched a new community fund, targeting growth in decentralized finance (DeFi) and cross-chain integrations. Other developments like ReefSwap and the release of the Reef Chain Wallet have further strengthened Reef's ecosystem.
In summary, Reef has demonstrated resilience, and while it’s currently in a strong position technically, investors should be cautious of potential market corrections. Its long-term potential remains promising due to its DeFi focus and cross-chain capabilities.
NEIRO USDT reads ready but NO ENTRY yet!My Bull Plotter reads NEIRO USDT is about to launch. When my BULL PLOTTER comes closer to the most current candlestick and once my plotter taps the body candle or wick, NEIRO will launch.
Use stochastic RSI on a 4HR TF, and use a volume chart, once the BULL momentum makes the cross, the BULL momentum must also be crossing line 24 for entry but there should be no entry if BITCOIN is in a downtrend or it is scheduled to downtrend.
NEIRO USDT may not be ready until the end of September but reads ready to explode. Keep me updated on sudden bullish moves.
NEIRO USDT reads to a downtrend to 0.0033 on a 15MIN TF
BITCOIN may also start a downtrend soon
The demand zone on a 1HR TF is at 0.0033
Exit POI is critical, that's rejection but as NEIRO keeps moving up, NEIRO will create smart money traps. My ghost cloud needs to also be a little more narrow yet my BULL PLOTTER reads BREAKOUT SOON.
SUMMARY
I would wait for more confirmation for entry.
Reef Reef (REEF) has been showing interesting price movement recently, with notable technical and market developments.
1. Recent Market Performance: Despite facing challenges such as its delisting from Binance, Reef experienced a significant price rebound in September 2024, reaching a high of $0.0012. The price recovered from a low point, and investor interest surged, largely shifting to other platforms like Gate.io and KuCoin.
2. Technical Indicators: Reef is currently exhibiting strength, with signs like breaking above its 50-day moving average and forming a bullish falling wedge pattern. The Relative Strength Index (RSI) sits at 43.46, indicating neutral market conditions, while the Average Directional Index (ADX) suggests a strong uptrend, although some consolidation could happen before further gains. However, the token remains 34% below its 200-day simple moving average, which suggests room for growth.
3. Key Developments: Reef Finance has also launched a new community fund, targeting growth in decentralized finance (DeFi) and cross-chain integrations. Other developments like ReefSwap and the release of the Reef Chain Wallet have further strengthened Reef's ecosystem.
In summary, Reef has demonstrated resilience, and while it’s currently in a strong position technically, investors should be cautious of potential market corrections. Its long-term potential remains promising due to its DeFi focus and cross-chain capabilities.
NEIRO forming an head and shoulder patternWe need to watch closely for NEIRO what he is going to do. Looks like it is forming an shoulder head shoulder pattern so that might cause more dump.
Also if BTC can stay above the 48K we might see growth, but we need to watch out for the "Death Cross" on BTC, more dump is also something we need to think off.
Trade carefully. This is no financial advice, always do your own research
NEIROUSDT: 90-100% move incoming..!!Neiro is Kabosumama's new shiba inu, the successor to Kabosu the Dogecoin dog.
Neiro broke out of falling wedge.
Retested and making higher lows in short TF.
Future long trade setup:
Entry: $0.01547 - $0.01295 (leverage: 5x)
Target 1: $0.02172
Target 2: $ 0.02892
Stop-Loss: $0.01055
Happy Trading!!
