Chart Pattern Analysis Of Near
Updated
https://www.tradingview.com/x/DNEi5abq/
From K0 to K2,
It is a potential bearish evening star pattern,
And K3 is trying to break down the long-term uptrend line.
So, it is very likely that a Wave(C) of the week sale consolidation had started earlier from K0.
If K3 close below the uptrend line, or even close below K0,
It is likely that the following candles will drop to test 5.0 USDT area.
Although I still optimistic about the long-term bull market of Near,
It is still worth to be cautious about the potential price correction.
From K0 to K2,
It is a potential bearish evening star pattern,
And K3 is trying to break down the long-term uptrend line.
So, it is very likely that a Wave(C) of the week sale consolidation had started earlier from K0.
If K3 close below the uptrend line, or even close below K0,
It is likely that the following candles will drop to test 5.0 USDT area.
Although I still optimistic about the long-term bull market of Near,
It is still worth to be cautious about the potential price correction.
Note
K2 close below the uptrend line,
It verified a fact that the sharply decreased demands established the right top of a potential consolidation.
If the following candles successfully test the neck line or 0.5 fib line,
It will be a good place to buy it there.
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