keep an eye on near usdt . As we can see near usdt has 2 formation 1st is triple top which is bearish if it break this then the bull flag get complete else we are going down from here
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.921).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEARUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.065).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEARUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
- Form a triangle pattern
- Wave-3 is reached right at the ratio of 161.8% (Fib extension)
- For Wave-4 it can be with a ratio of 61.8%-78.0% (Fib retracement) 40% probability
- To find the target of Wave-5 can be with a ratio of 61.8%-78.0% (Fib Extension) 40% probability
Remember this is just a picture of my personal reference, not an invitation to buy or...
Near protocol price is in a tight consolidation between the above trend line as it's resistance and horizontal line as it's support. Breakout on the either side can give a healthy move.
