RLinda ! NEARUSDT-> The correction is over. Bounce from MA-50
Updated
NEARUSDT follows the entire cryptocurrency market, which, at first glance, ends its bullish corrective movement. The price is down 6% since the opening of the session
(Chart 1: NEAR/USDT 1H. Demonstration of the global trend and price reaction to the global MA-50)
On the global chart, we see a corrective movement, which was formed several (from 3 to 15 days), the price reaches from below up resistance in the form of the trend line MA-50 and begins to fall after the PIN bar formed by a false breakdown.
The first bullish candlestick suggests a continuation of the fall. The potential for a fall is not very high, but it might happen.
On the hourly chart we see an uptrending price channel, a few hours ago the price breaks the channel support and 1-hour MA-200, and goes to the short zone. I expect a pullback to the resistance zone of 3.079 and consolidation before further decline.
Short-term target - support 2.89, medium-term target - liquidity zone 2.753
Regards R.Linda!
(Chart 1: NEAR/USDT 1H. Demonstration of the global trend and price reaction to the global MA-50)
On the global chart, we see a corrective movement, which was formed several (from 3 to 15 days), the price reaches from below up resistance in the form of the trend line MA-50 and begins to fall after the PIN bar formed by a false breakdown.
The first bullish candlestick suggests a continuation of the fall. The potential for a fall is not very high, but it might happen.
On the hourly chart we see an uptrending price channel, a few hours ago the price breaks the channel support and 1-hour MA-200, and goes to the short zone. I expect a pullback to the resistance zone of 3.079 and consolidation before further decline.
Short-term target - support 2.89, medium-term target - liquidity zone 2.753
Regards R.Linda!
Note
The target 2,753 is reached!
The market begins to fall and in a few hours the price reaches the lower target - the liquidity zone 2.753
The total price in our direction was +10%
With 10 leverage could earn +100%))
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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