$NEIRO $NEIRO $NEIRO /USDT is currently trading at $0.00169974, down by 0.81% in the past 24 hours. The trading volume has been relatively high, suggesting that the market is active.
Technical Analysis
Support and Resistance Levels:
Strong Support: $0.00161500
Weak Support: $0.00148750
Strong Resistance: $0.00211018
Weak Resistance: $0.00190262
Moving Averages:
Short-term (MA7): 0.00173248
Medium-term (MA25): 0.00185348
Long-term (MA99): 0.00184278
The price is currently below the short-term MA (MA7) and medium-term MA (MA25), indicating a bearish trend. However, it is trading above the long-term MA (MA99), which could suggest a potential reversal.
Indicators:
* RSI: The Relative Strength Index (RSI) is currently below 50, indicating a bearish sentiment.
MACD: The Moving Average Convergence Divergence (MACD) is below its signal line, suggesting a bearish trend.
KDK: The KDJ oscillator is in a bearish zone.
Entry Signal:
A potential entry signal could arise if the price breaks above the strong resistance level of $0.00211018 with a significant increase in volume. This could indicate a bullish reversal.
Trading Strategy:
A conservative approach would be to wait for a clear bullish breakout above the strong resistance level before entering a long position. However, for more aggressive traders, a partial entry could be considered at the weak resistance level of $0.00190262 with a stop-loss below the strong support level of $0.00161500.#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections #APESurge #Write2Earn!