Market Update 23/11
Market Update:
BTC is still in his range around $60.000 and $55.600 if we lose this level we will go down to lower levels. We’ll probably stay in this range at least until Friday where we have options expiring around $58.000. It wouldn’t surprise us if we see the price going to $62.000 during the weekend.
On the NEAR/USDT on the daily timeframe we can identify a range between $8.39 and $9.89. Price will consolidate in this zone probably during the same time as BTC’s range. On an hourly timeframe we see the clear resistance at $8.39.
In terms of momentum we see a small increase and a new W structure forming as well. This means that the momentum is getting back and we can get a nice move to the upside as well. Be ready to take profits when NEAR gets back to newer highs. We will be here to remind you!
BTC is still in his range around $60.000 and $55.600 if we lose this level we will go down to lower levels. We’ll probably stay in this range at least until Friday where we have options expiring around $58.000. It wouldn’t surprise us if we see the price going to $62.000 during the weekend.
On the NEAR/USDT on the daily timeframe we can identify a range between $8.39 and $9.89. Price will consolidate in this zone probably during the same time as BTC’s range. On an hourly timeframe we see the clear resistance at $8.39.
In terms of momentum we see a small increase and a new W structure forming as well. This means that the momentum is getting back and we can get a nice move to the upside as well. Be ready to take profits when NEAR gets back to newer highs. We will be here to remind you!
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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.