NEAR PERSONAL ANALYSIS IN THE SHORT TERM
Updated
Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for NEAR is bullish. The coin itself has a very healthy price action and structure which can signal any investor that this asset is indeed a buying opportunity for each and every oversold indications, however the price itself as of displayed in the previous days are presented with a triple top with a large chance of being rejected in the same region for a quadruple top which is a bearish sign. The Relative Strength Index also shows weakening in momentum to keep the price above the heavy resistance zone.
Recommended Strategy:
The better play here is to short the coin in this heavy resistance and buy it on the previous tested supports in the Fibonacci 0.5 and 0.382.
Recommended Strategy:
The better play here is to short the coin in this heavy resistance and buy it on the previous tested supports in the Fibonacci 0.5 and 0.382.
Trade active
Due to the positive news of FED today, the move to the upside is more likely now than approaching the 7.5$ range however the resistance near the 13$ is still a major resistance until proven otherwise. Happy Longs Everyone!
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