$NEIRO Next move bullish or bearish:
Based on the indicators in the chart you provided:
1. RSI (Relative Strength Index) is over 80, which typically indicates that the asset is overbought. An overbought RSI often suggests that the price may face a bearish correction or consolidation soon, as traders may start taking profits.
2. Stochastic RSI is also in a high range, reinforcing the overbought condition, which often precedes a price pullback.
3. EMA Levels: The price is above all key EMAs (7, 25, and 99), which generally shows a strong bullish trend. However, when prices move too far above their EMAs, they often pull back to retest those levels, especially if momentum starts to fade.
Given these factors, the next move could likely be a short-term bearish pullback or consolidation before the next bullish leg up. Watch for support around the shorter EMA levels (like the 7 EMA) to see if it holds. If it does, it may indicate a continuation of the bullish trend. However, if the price drops below these EMAs, a deeper bearish correction may be in play.
