Thoughts on $NEAR
Exactly as told in last analysis about the Major supports of August and September 2021 were tested by the market.
And
NEAR broke $5.437 level and tested the lower support at $4.664. And then took a bounce back to upper support and had recently and has recently tested the resistance at $6.565 level and heading back to test its support.
Lets see how it can behave in this week...
So lets see BTC, after 9 weeks of red candles it has finally shown the demand with international market also looking positive. This is a big relief for alts.
Now coming toNEAR, we all know how NEAR behaves in a sideways and positive market. It goes bonkers.
According to me nothing is much clear as of now, but i am expectingNEAR to hold its support at $5.437 and test the resistance at $6.565 and might break it and then consolidate here for sometime.
If we see Volume in the chart, we can see its coming to NEAR.
Advice: Use a STOPLOSS based on your risk reward ratio.
And
NEAR broke $5.437 level and tested the lower support at $4.664. And then took a bounce back to upper support and had recently and has recently tested the resistance at $6.565 level and heading back to test its support.Lets see how it can behave in this week...
So lets see BTC, after 9 weeks of red candles it has finally shown the demand with international market also looking positive. This is a big relief for alts.
Now coming to
NEAR, we all know how NEAR behaves in a sideways and positive market. It goes bonkers. According to me nothing is much clear as of now, but i am expecting
NEAR to hold its support at $5.437 and test the resistance at $6.565 and might break it and then consolidate here for sometime.If we see Volume in the chart, we can see its coming to NEAR.
Advice: Use a STOPLOSS based on your risk reward ratio.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.