NeiroETHUSDT: Symmetrical Triangle Breakout WatchNeiroETHUSDT is currently trading within a potential symmetrical triangle formation. Our immediate focus is on the supply zone, which is expected to push the price down towards the buy-back zone.
If the price manages to break above this supply zone, we will look to initiate buying on a pullback, aiming towards the upper trendline of the pattern. Target areas have been highlighted on the chart for better clarity.
We welcome your insights on this coin, so feel free to share your view with us.
NEIROETHUSDT.P trade ideas
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.
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.
NEIROETH, about to explode again soon, may retest 10x again.A new meme coin has emerged and caught the market’s attention with rapid price growth. It’s called Neiro Ethereum and is based on the OG doge meme coin.
After launching, it has risen to a staggering $193 million market cap.
But BTC and overall market selling pressure has dominated everything - and memes took the swipe too -- with so much volatility.
From peaking at a parabolic high of 0.20, NEIRO retraced heavily to an outrageously bargain zone at minus 10x levels to 0.020 zone.
Now, based on the latest daily data metrics. There is an apparent heavy accumulation at the current price range and a strong reversal to the upside is expected from here on.
At a lighter mcap now, the bargain opportunity is too tempting to be missed.
Spotted at 0.0250
Target: Back to previous peak at 0.20
TAYOR.
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 - The Next PEPE?The NEIRO narrative is popular, with many viewing it as the next PEPE.
NEIROETH at its current price has a market cap of 77.4 million.
Considering its manipulation potential, as this makes it the smallest market cap memecoin on Binance Perpetual, it can attract market manipulators, initiating a potential price surge.
Technical Outlook:
NEIROETH is showing signs of a bullish trend after consolidating from major support zone at 0.050s
Price is now at first level of resistance 0.080
If we can hold 0.072 to 0.070, expect a potential move to 0.090 to 0.10 (overhead supply)
Support Levels:
0.066 - (weekly VWAP)
0.062 - (singleprints)
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 - 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.
NEIROETH LONG Scalp Trade IdeaTaking a trade for NEIROETH.
Looks like it has dropped into the 15-min key level zone and there's a chance of getting a bounce here.
This gives us a chance to have a very tight SL in place right below the key level zone. (Still a risky trade given that we have a big down candle into the zone).
Entry Price: 0.0882
SL: 0.0862
TP1: 0.0902
TP2: 0.0923
TP3: 0.0951
TP4: 0.0999
Good luck & Happy Trading!
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.
COPY of NEIRO to show now and beforeAll thats highlighted in blue is updated except for the blue trendlines although the top trendline has been extended into a pennant.
Pay close attention, traders, NEIRO was reading 12 cents and after this update, the MOVING AVERAGES moved up and the price read around 15 cents. This is how we can update before and after because prices get updated hourly.
Can it drop to 15 cents, Is it a possibility? Yes
Is BITCOIN BULLISH? Yes, and what happens if BITCOIN is in a downtrend? NEIRO will fall.
How far can NEIRO climb, this all depends on BITCOIN.
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.
