NEAR / TetherUS

🔥 NEAR On Perfect Reversal Point: Bull Or Bear?

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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.

🔥 NEAR Pulling Back: Bull-Pattern Intact


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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.