Evening Traders,
Today’s analysis- NEARUSDT- trading above Local S/R, a confirmed retest and hold in bullish.
Points to consider,
- Price action impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Target
- RSI Bullish Control Zone
- EMA Ribbon Support
NEARUSDT’s immediate price action is impulsive above Local S/R, trading above these regions will allow us to have a bullish bias on the market.
Local S/R is current support that is in confluence with the .382 Fibonacci, a back test is likely to respect the level on first attempt.
The immediate target is swing high; exceeding this level increases the probability of trend continuation.
Current RSI is trading in its bullish control zone; remaining in these area is indicative of strength in the immediate short term.
The EMA Ribbon has confirmed a bull cross, maintaining price action is indicative of a trend.
Overall, in my opinion, NEARUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Today’s analysis- NEARUSDT- trading above Local S/R, a confirmed retest and hold in bullish.
Points to consider,
- Price action impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Target
- RSI Bullish Control Zone
- EMA Ribbon Support
NEARUSDT’s immediate price action is impulsive above Local S/R, trading above these regions will allow us to have a bullish bias on the market.
Local S/R is current support that is in confluence with the .382 Fibonacci, a back test is likely to respect the level on first attempt.
The immediate target is swing high; exceeding this level increases the probability of trend continuation.
Current RSI is trading in its bullish control zone; remaining in these area is indicative of strength in the immediate short term.
The EMA Ribbon has confirmed a bull cross, maintaining price action is indicative of a trend.
Overall, in my opinion, NEARUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.