Price has tapped on 4h Zone and we can see some good candle formation. I will be tagerting Weekly high and there is also 1h zone . this is not financial Advice this if for educational Purpose only.
if NEAR maintains its momentum and breaks through the current resistance level, it could move towards the $6.48 price target based on the Fibonacci extension.
RSI is around 70, which is on the higher end, indicating the market might be in overbought territory. However, in strong trends, the RSI can remain overbought for extended periods.
Volume There...
NEAR the Brink: From All-Time Highs to a 90% Plunge - Is a Reversal Imminent?
As the crypto market buzzes with the potential of multiple ETF approvals, seasoned investors know that such pivotal moments can seen as the start of an explosive Altcoin Season. NEAR Protocol (NEAR), once basking in the glory of a $20 all-time high, has now retracted to under $2 - a...
Breaking the resistance trendline bullish case.
Long : 2.052
Target : 2.81
Stoploss : 1.967
- Momentum needs to be increased at the time of breakout with increase in volume.
NEAR is in a very good and initial zone to get into.
Still the BTC upper movement is totally dependent on market structure right now, rather than the char analysis.
I have shared my BTC chart analysis too, in my previous idea. But the movement depends on capturing the resistance bar.
After capturing the resistance bar if the uptrend continues, it will very good...
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Inverse Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance...
In 1 Day time frame fibonacci level of 0.236 is a support at price of 3.7$ breaking above can show targget of fibonacci 0.382 price is 4.2$. Another level to watch out for is above 5$.
If bulls regain their momentum for the month of september it will be easily above 5$.
Near could possibly be at 5.2$ at the end of 30th september
In 4 hours chart the moving averages tells complete story of $near. Near is blowind down from ma100 and ma200. Rsi is at 48 and can touch 80 in upcoming time and can tend to become a relief rally. Support level Ma 100 = 4.1usdt and resistance Ma 200 = 4.7usdt.
There can be a tricky situation from market aswell and price can be depletd. I am betting on reversal of...
