Image analysis shows us the NEIRO/USDT cryptocurrency chart on the daily time frame, and it contains many technical indicators and pivot levels that play an important role in determining the potential price trend.
1. Technical indicators shown:
Pivot Points: Several pivot levels are marked on the chart, ranging from the main pivot point (PP) to support (S1, S2) and resistance (R1, R2) levels. These levels provide potential entry and exit points for traders and investors.
Buy and Sell Indicator: The chart shows buy and sell levels, with the buy level at 0.00132661 and the sell level at 0.00132657. These levels provide initial signals for investors and speculators.
Relative Strength Index (RSI): Appears on the chart at the bottom, where the levels indicate that the currency is in the oversold zone.
2. Mathematical and engineering analysis:
Using mathematics and fractal geometry, we can determine the critical points that the price must cross to achieve an uptrend or downtrend.
Critical Support Point: The price must remain above the 0.00125000 level to ensure the continuation of the upward trend, as breaking this level may indicate a potential decline in the price.
Critical Resistance Point: Reaching 0.00160000 is considered the critical level for the rise, and breaking this level and holding above it is a strong positive signal confirming the upward trend. However, if the price reaches this level and cannot hold, this may be an indication of weak buying and the continuation of the downward trend by 100%.
3. Final result:
Considering the astronomical data and geometric analysis, we conclude:
For investors: It is recommended to wait for the price to stabilize above 0.00160000 to confirm the continuation of the rise. If this stability is achieved, further increases can be expected.
For futures traders: It is advisable to keep a close eye around the 0.00125000 level. Any break of this level may indicate a clear downtrend, so caution should be exercised.
Conclusion:
Based on scientific analysis and available data, it seems that 0.00125000 is the crucial support, while 0.00160000 is the crucial resistance. Any break of either of these levels without holding will determine the direction of the future movement, as if the price cannot hold above 0.00160000 after reaching it, the continuation of the decline is expected with 100% certainty.
Note to investors and speculators: Caution should be exercised and these levels should be monitored closely to ensure sound investment decisions are made.
