Panjang

Bullish continuation: ABC

Chart description
- Potential finished WXY (wave B)
- Daily close above 50SMA(d), 3d close would signify bullish case
- RSI trend crossing (micro)
- Long setup with initial target w3 target

Price is moving impulsively, and w3 target at 1.618fib is still 30% higher then current price lvls.

Nota

NEAR's price action is still moving within a base channel. Waiting for confirmation, if invalidation lvl(s) get hit/broken, we're looking a corrective structure.

Nota

Quick look. Structure can still unfold in a 1-2, 1-2 or a larger ABC (WXY). Forsee, a potential nice short setup (will follow-up).

Nota

Possible reversal. RSI divergence(s) 1h/4h. Long setup RR 3:1.

Nota

Looks like we're in for some BTC action (15min).

Nota

Altered ew count. Idea for a counter short position RR 6:1

Nota

T1 (.618fib) reached. T2: 54k for is on the table. Would personally target 55k (1.23fib ext. taken from w3-4)

Nota

NEAR looking strong. Price moved outside the channel. If we can break above $5.27 that should solidify the bullish case.

Nota

If BTC breaks 65k then w4 is finished.

Nota

Have this primary BTC scenario in mind.

Nota

Keeping it simple. If BTC can break 64.5k then wave C is finished (w4) and we're looking at a potential w5 in the making. **My chart displays a 1-2,1-2 setup, but probabilities are low. For that, we need see some volume. MACD(4h) could go first a bit lower to finished w5(2) before a ZLR to support w5(3). Either way, I want BTC to take out 65k.

Nota

Update BTC:

Nota

If NEAR's price can break $5.70 (1.618fib ext.) then it invalidates a c-wave. Fingers crossed.

Nota

Current view on NEAR.

Nota

BTC update.

HeftyBreadRoll

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.