$NEIROETH /USDT ā 1D Analysis š
The pair has been in a broad long-term downtrend, with price almost in a free fall. On the daily chart, it has just reached a support zone that aligns with multiple confluences.
Price has tapped into an FVG (Fair Value Gap) and sits well below the moving averages, suggesting room for a corrective move higher. Additionally, the 0.786 Fibonacci retracement level lines up with this area, strengthening the case for a bounce.
Outlook: From current levels, I expect an upward move as price attempts to catch up with key MAs and possibly retrace from oversold conditions. ā”
