NEAR shenanigans not likely to change the outcome - ATH in sight
I love TA on crypto! Check out the shenanigans on NEAR price action as BTC tracks sideways as part of a presumably minor hick-up...
First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link).
But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second chart below).
However the fake-out allowed a channel to be charted to provide support for a reasonable (limited downside) exit strategy (third chart below).
The price of NEAR behaved by recognising the bottom of the channel so there was no need to bail out (fourth chart below).
And viola! - we're back at the top! Expect a small pullback here (noting I'm expecting BTC to correct a bit more), but this chart screams for a breakout to the upside and then an ATH is well and truly probable.
https://www.tradingview.com/x/4PjQdBvs/
https://www.tradingview.com/x/SQgvq7N1/
https://www.tradingview.com/x/TzWY9NS5/
https://www.tradingview.com/x/qrO0NjyN/
First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link).
But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second chart below).
However the fake-out allowed a channel to be charted to provide support for a reasonable (limited downside) exit strategy (third chart below).
The price of NEAR behaved by recognising the bottom of the channel so there was no need to bail out (fourth chart below).
And viola! - we're back at the top! Expect a small pullback here (noting I'm expecting BTC to correct a bit more), but this chart screams for a breakout to the upside and then an ATH is well and truly probable.
https://www.tradingview.com/x/4PjQdBvs/
https://www.tradingview.com/x/SQgvq7N1/
https://www.tradingview.com/x/TzWY9NS5/
https://www.tradingview.com/x/qrO0NjyN/
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