Now ARB respects the trend, and when we look at the indicators we see that RSI is under 50% and SMA crosses the RSI which is a good way to represent an up trend, and when we look at the Horizontal Blue line it shows up every moment the Rsi and Adx give us a positive mark let see How it's going entry point: 1.1 SL: .9785
As we Can see Now NearUSDT respect the trend and moves in good way after Correction is end between the level 1.889 and 1.720 it's now apply a cup and handle in Frame 4H so once it's broke the level 1.889 we can see level 2.2 and 2.3 and 2.4 and maybe we can see a big Bounce
If near broke and close below the line-trend I think maybe we saw 1.020 - 1$ level
1- As we can See near near broke the (YELLOW LINE) as a resistance level 2- At the same time this level is 0.618 in Fib 3- also it's apply a double bottom and respect the order-block
As we are see it's broke the triangle and IF closed under 29500 it will be continuous to be bearish
Near is confirm false breakout as we can see , near was look like cup and handle pattern before changes movement now and moves between this is rectangle and maybe we see 3$ or 4$ soon !! Maybe if the BTCUSDT bullish it will make Near and altcoin bounce also