A while ago I made an analysis on NEAR and the bullish channel pattern it was trading in. Back then, I expected more bearish price action towards the channel's support area.
As of a few days, we're trading right on top of said support area. In a more bullish market, I'd wager that we'd likely see a bullish reversal from this point onward. However, I think that in the end NEAR will fall through the support anyhow. Bearish long-term target at $3,5.
Most likely scenario for now is that NEAR will see some (bullish) consolidation for the coming days. It's not going to see a new ATH soon, but $8 should be possible. Be careful since it will likely be a dead cat bounce.
As of a few days, we're trading right on top of said support area. In a more bullish market, I'd wager that we'd likely see a bullish reversal from this point onward. However, I think that in the end NEAR will fall through the support anyhow. Bearish long-term target at $3,5.
Most likely scenario for now is that NEAR will see some (bullish) consolidation for the coming days. It's not going to see a new ATH soon, but $8 should be possible. Be careful since it will likely be a dead cat bounce.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.