Hello merchants!!!
We have been faced with a massive bearish price movement since after the $20 price mark and it’s double top formation.
Fortunately, we are still in a safe zone. The channel lines, support line at $6.1 and resistance line at $13.2 show that the current price of Near is safe for the bulls to come into the market.
Also, the RSI blue ribbon indicator shows an over sold condition and a safe entry while the yellow ribbon at 52% shows that we are still on a bullish trend on the 1D timeframe.
We are heading for the $11.5 resistance level according to the Fibonacci levels although Price could see the $9 level again but we’re still bullish.
Good luck trading!!!
We have been faced with a massive bearish price movement since after the $20 price mark and it’s double top formation.
Fortunately, we are still in a safe zone. The channel lines, support line at $6.1 and resistance line at $13.2 show that the current price of Near is safe for the bulls to come into the market.
Also, the RSI blue ribbon indicator shows an over sold condition and a safe entry while the yellow ribbon at 52% shows that we are still on a bullish trend on the 1D timeframe.
We are heading for the $11.5 resistance level according to the Fibonacci levels although Price could see the $9 level again but we’re still bullish.
Good luck trading!!!
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.
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.