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First Neiro On EthereumFirst Neiro On EthereumFirst Neiro On Ethereum
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First Neiro On Ethereum

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NEIROUSD trade ideas

Will First Neiro on Ethereum hit $0.0030?Weekly Surge: NEIRO has jumped nearly 50% in the past week, largely due to its listing on Binance. Intraday Gain: It has risen by 3.79% today, marking three consecutive days of gains. The price action has created a triple-white-soldier pattern, a strong indicator of continued bullish momentum, with an overall surge of 76%. Key Technical Indicators Bullish Patterns: The 4-hour chart shows a bullish pennant and a breakout from a falling channel, currently testing resistance at $0.0018. MACD Indicator: The MACD is positive, indicating strong buying interest. Exponential Moving Averages (EMA): Both the 50-day and 200-day EMAs are trending positively, supporting the bullish outlook. Price Targets and Support Levels Fibonacci Levels: NEIRO is currently at the 100% Fibonacci level and is supported at $0.001572 (78.60% level). Next targets are $0.002393 (1.618 level) and $0.003379 (2.618 level). Support Levels: Key support levels to watch are $0.001572 and $0.001290.
CRYPTO:NEIROFUSDLong
by Coinpedia-Market-Insight
$NEIRO expected on Bearish$NEIRO shows a bearish pattern formation , specifically a Head and Shoulders (H&S) pattern, which typically indicates a reversal from a bullish to a bearish trend . Here’s a breakdown of the analysis based on the chart: Head and Shoulders Pattern : The chart highlights a potential Head and Shoulders (H&S) formation, which, if confirmed, suggests that the price could drop further. The right shoulder has formed, and if the price breaks the neckline, the bearish signal will be confirmed. Bearish Engulfing : A bearish engulfing pattern is seen, which supports the view that downward momentum is likely to continue. This indicates strong selling pressure that could lead to a decline in price. Market Cap Analysis: Before the significant drop, the market cap is at $149.43M. After a predicted 8.3% drop, the market cap would be $137.03M. If the price falls further (75.63% as indicated on the chart), the market cap could drop to around $35.66M. Conclusion: Given the bearish technical patterns (Head and Shoulders and Bearish Engulfing), combined with the potential for a significant market cap reduction, it would be prudent to exercise caution before considering buying or listing $NEIRO. The technical indicators are suggesting that further downside is likely, and it might not be an ideal time to purchase or list the token unless there is a reversal in these signals.
NShort
by Tokoranger
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