Near Bullish return
Hello Merchants!
Here is another trend based analysis of the NEARUSDT chart.
Trend lines AB and GE showed a bearish trend which got exhausted at point C and E.
A bullish trend began at C and E which can be seen with the trend lines CD and EF.
We saw from last analysis that there were two price triggers. Bullish trigger at $10.5 and bearish trigger at $8.9. The bearish trigger has been activated as we can see that price is below the $8.9 trigger. This could bring price down to $7.6 next week.
Meanwhile, price will remain within the ECDF zone. This means a price range between $7.6 and $9.5 in the coming week.
Here is another trend based analysis of the NEARUSDT chart.
Trend lines AB and GE showed a bearish trend which got exhausted at point C and E.
A bullish trend began at C and E which can be seen with the trend lines CD and EF.
We saw from last analysis that there were two price triggers. Bullish trigger at $10.5 and bearish trigger at $8.9. The bearish trigger has been activated as we can see that price is below the $8.9 trigger. This could bring price down to $7.6 next week.
Meanwhile, price will remain within the ECDF zone. This means a price range between $7.6 and $9.5 in the coming week.
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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.
Related publications
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.