NEIROETH/USDT – Double Bottom Breakout Targeting Higher Levels

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NEIROETH/USDT has formed a double bottom pattern, leading to a sharp 357% rally. The breakout signals a strong bullish reversal, with a target around $0.10232. There’s a possible retest zone at $0.03600–$0.04200 where buyers might step in again. The RSI shows overbought conditions, suggesting a potential short-term pullback, but overall momentum remains bullish.

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Key Points:
  • Pattern: Double Bottom
  • Immediate Support: $0.03600–$0.04200 (retest zone)
  • Pattern Target: $0.10232
  • Momentum: Strong bullish with overbought RSI warning
  • Risk: Watch for possible pullbacks but overall trend favors bulls.

Penafian

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