NEAR potential Reverse Head and Shoulders
Near approaching its daily resistance line at 11.776 USDT, with a potential reverse head and shoulders pattern.
The pattern needs to be validated with a clear break above the resistance line, and an increase in volume.
Target for NEAR would then be previous resistance levels, 1st at 13.5 and 2nd at 16.2
Bitcoin, of course, needs to show some strength to give a chance to other coins like this one to make a move.
Currently trading at middle range 40500 USDT, Bitcoin could either bounce up to 45k or go back to the lower range support around 36k.
The pattern needs to be validated with a clear break above the resistance line, and an increase in volume.
Target for NEAR would then be previous resistance levels, 1st at 13.5 and 2nd at 16.2
Bitcoin, of course, needs to show some strength to give a chance to other coins like this one to make a move.
Currently trading at middle range 40500 USDT, Bitcoin could either bounce up to 45k or go back to the lower range support around 36k.
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