NEARUSDT created a head and shoulders.
Updated
The price created a head and shoulders on 4h and had a breakout from its neckline.
We could see a pullback on the daily resistance on 14.1$.
Big news on NEAR with USN and Liquidity mining, so we could see a false breakout from this area.
How to approach?
We will wait for a clear pullback until the neckline, if the price is going to have a rejection from that area we could wait for a new short position, otherwise, if the price is going to have a breakout from the 16$, we could see a new bullish impulse until the previous ATH
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
We could see a pullback on the daily resistance on 14.1$.
Big news on NEAR with USN and Liquidity mining, so we could see a false breakout from this area.
How to approach?
We will wait for a clear pullback until the neckline, if the price is going to have a rejection from that area we could wait for a new short position, otherwise, if the price is going to have a breakout from the 16$, we could see a new bullish impulse until the previous ATH
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Note
The price could have a pullback before the new bearish impulse
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