NEARUSDT is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep"There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI) which has pushed price to $4.7 followed a strong hidden divergence on the daily RSI after the correction to $2.45 leading the price to it current state and possibly beyond.
The technical obstacle here is if the previous support level becomes resistance else expect 200% surge from current price. The invalidation level (red dotted line) for this scenario is at $1.74.
Overall, on the primary degree or call it macro view, it looks like we have completed wave B/2-cyan which retraced almost 80$ Fibonacci level (very close to the ALL TIME LOW) and we are presently on the journey to wave C/3-cyan
OTHER ANALYSIS
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will add more NEARUSDT at $5.1 still bullish on this.Note
NEARUSDT what are you cooking 🍳 🔥 Update coming soon
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NEARUSDT still bullish mid to long term but bearish short term - we should be seeing drop in price by 10 - 20% from now till few daysToo many chart to update hence I'll update the ones people shows interest the most, so make sure to show interest by reacting to each post, either like or comment.
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UPDATE NEARUSDT
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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.