Market Overview: Neiro Ethereum/Yen (NEIROJPY)

• NEIROJPY traded in a tight range, consolidating after a morning rally.
• Price action shows bearish exhaustion at resistance and accumulation near key support levels.
• Volume spiked during the 17:00–20:00 ET range, followed by a sharp drop-off in turnover.
• RSI hovered in neutral territory, suggesting lack of strong momentum in either direction.
• Bollinger Bands show moderate volatility with price staying within upper and lower bounds.

The Neiro Ethereum/Yen (NEIROJPY) pair opened at 0.02966 on the previous day (2025-10-12 at 12:00 ET), reached a high of 0.03149, and closed at 0.03108 by 12:00 ET on 2025-10-13. Total volume across the 24-hour period was 50,364,570.0 units, with a notional turnover of approximately $1,563,927. The price action showed a distinct consolidation pattern after an early morning breakout attempt, with buyers retreating at 0.03149 and sellers stepping in as the market approached 0.03056.

Price action revealed a strong resistance at 0.03149, marked by a rejection candlestick and low volume on the 08:45–09:00 ET time frame. A potential support level was identified at 0.03056, where the price appeared to find buyers multiple times. Key candlestick patterns included a bullish engulfing on the 06:30–06:45 ET interval and a bearish harami near 0.03134 on the 08:00–08:15 ET timeframe. The 20-period moving average currently sits at 0.03071, crossing above the 50-period at 0.03086, suggesting a mild bullish bias in the short term.

On the 15-minute chart, the RSI moved between 45 and 55 for much of the day, indicating a lack of strong momentum. A brief overbought condition was reached at 0.03149, but it did not trigger a reversal. Bollinger Bands showed a moderate expansion in the early hours, with price staying within the middle 60% of the range for much of the session. The MACD histogram displayed mixed signals, with positive divergence in the 05:00–06:00 ET window and negative in the 17:00–19:00 ET range. This suggests a tug-of-war between buyers and sellers.

Fibonacci retracement levels based on the 0.02966–0.03149 swing placed key levels at 0.03071 (38.2%), 0.03023 (50%), and 0.02985 (61.8%). Price found support at the 50% level and may test the 61.8% level in the next 24 hours. Volume remained elevated during the 17:00–20:00 ET timeframe but then collapsed sharply, suggesting distribution or exhaustion. This divergence between price and volume should be monitored for confirmation of trend continuation or reversal.

The Backtest Hypothesis section is designed to integrate the provided strategy into the technical analysis framework. The MACD indicator is a critical input for generating buy and sell signals, but the requested ticker symbol (NEIROJPY) is not supported by the current data provider. This limits the ability to generate backtested Golden/Death cross signals for this pair. To proceed, you may need to verify the correct ticker symbol or provide raw price data for manual computation. Alternatively, consider using a supported pair such as EURJPY or USDJPY for a comparable analysis.