NEAR/USDT inside uptrend channel

We have entered a channel as seen between blue lines. I expect the price will breath till 2.31 , as current levels and after touching lower band, i expect price action between 2.55 - 2.65. If delay occurs in the action , upper band only rises. also there is a huge resistance waiting for the trend between 2.7 and 2.9.

This band played role in june 2021 - June 2022 (as support) and Feb 2023 (as resistance).

Let's see.

Note

Got very close to the lower uptrend line

Note

RSI (14) 15m , is over 50%. indeed hell of a pull back. moves like no momentum left since yesterdays move. This usually happens when an asset moves up with hype , and so much overbought RSI spike. When i checked yesterday RSO was like 95. Shooting up like there is no tomorrow. Unfortunately there are more traders than the investors. So usually coins can't keep up their momentum

Note

Started its upwards action

Trade active

Didn't close position, but trend is broken. Watching carefully.might turn into a downtrend

Note

trend broken. Still holding it. Will create another idea regarding the new trend.

sabotajj81

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