Market Update 18/12
Market Update:
By the 31st of December there are chances that we close between $42.000 & $48.000 on BTC because of the expiration on the options. There is a potential divergence in the momentum which means that the sell off is slowing down and we could potentially have a small leg upwards.
On the NEAR/USDT pair we stay bullish long term. The first stop between 0.382 and 0 fibonacci held which means that the trend is staying bullish. After attempting to make a new ATH in the beginning of November the price went down for an entire month.
In the beginning of December we had a great first week and at the moment the price is consolidating. Losing the first stop would mean that we go back to the Reload Zone (between $4 & $6. This is a major opportunity to accumulate some NEAR until we gain a new bullish structure. It doesn’t mean that we are going to go there.
By the 31st of December there are chances that we close between $42.000 & $48.000 on BTC because of the expiration on the options. There is a potential divergence in the momentum which means that the sell off is slowing down and we could potentially have a small leg upwards.
On the NEAR/USDT pair we stay bullish long term. The first stop between 0.382 and 0 fibonacci held which means that the trend is staying bullish. After attempting to make a new ATH in the beginning of November the price went down for an entire month.
In the beginning of December we had a great first week and at the moment the price is consolidating. Losing the first stop would mean that we go back to the Reload Zone (between $4 & $6. This is a major opportunity to accumulate some NEAR until we gain a new bullish structure. It doesn’t mean that we are going to go there.
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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.