Hello Merchants! Here’s another price action analysis of the Near protocol asset. I’m delighted to have this session with you.
The chart above is the 1Day timeframe responding positively to our last prediction that price could hit the support level at $7.6 this week.
Price already tested the support level at $7.6 and returned upwards thereby creating a new resistance level at $9.47
This is a very good entry position to go long on Near. Nevertheless, if you followed up with our last analysis you could have placed a buy limit at $7.65 to be in some good profits at the moment.
Nevertheless, this is still a nice entry point for a bullish movement.
If price persists within the region marked between the yellow and blue horizontal lines, it could break the support level and take price below $7.6 but this will not likely occur.
For day traders, let’s look at profit levels staying within $8.6 and $9.4 as we go bullish once again.
Good luck trading
The chart above is the 1Day timeframe responding positively to our last prediction that price could hit the support level at $7.6 this week.
Price already tested the support level at $7.6 and returned upwards thereby creating a new resistance level at $9.47
This is a very good entry position to go long on Near. Nevertheless, if you followed up with our last analysis you could have placed a buy limit at $7.65 to be in some good profits at the moment.
Nevertheless, this is still a nice entry point for a bullish movement.
If price persists within the region marked between the yellow and blue horizontal lines, it could break the support level and take price below $7.6 but this will not likely occur.
For day traders, let’s look at profit levels staying within $8.6 and $9.4 as we go bullish once again.
Good luck trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.