NEAR Protocol (NEAR) technical analysis
We can see that after the harmonic pattern ended, NEAR started an uptrend wave and now has reached the area in which two resistance lines meet. It looks like the uptrend wave is unfolding in an inverted wedge-like pattern. Since the price has pumped up recently, it is too risky to buy now. It is more probable that NEAR will enter a correction wave and there are two possible areas that we can buy it if the price revese; there is the lower line of the inverted wedge and the horizontal area to which the price reacted several times in the past.
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.
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.