Price predictions for Near Protocol
Hello Merchants!
Here’s another weekend analysis on the possible price positions for the coming week.
Near protocol started off this week trying to recover from the huge dump that occurred over the last weekend but still appears to be under siege.
Here is a merged 1Day and 4H charts for both intraday traders and swing traders. Long term hodlers can follow up with the 1Day chart.
Looking at the extended trend lines, support line and fib extension along the bearish trend we can see that the first projected price position for the next three days is at $9.47
At the moment price is struggling to break the siege at $8.9 though it is currently below that level.
As soon as price breaks this seige, we should see it reaching $9.47 and making higher price movements.
On the 4H chart, the correction to the price dump seems to be over and hence the resumption of another dump is possible and could bring price to the $7.9 position before the weekend is over.
Goodluck trading!!
Here’s another weekend analysis on the possible price positions for the coming week.
Near protocol started off this week trying to recover from the huge dump that occurred over the last weekend but still appears to be under siege.
Here is a merged 1Day and 4H charts for both intraday traders and swing traders. Long term hodlers can follow up with the 1Day chart.
Looking at the extended trend lines, support line and fib extension along the bearish trend we can see that the first projected price position for the next three days is at $9.47
At the moment price is struggling to break the siege at $8.9 though it is currently below that level.
As soon as price breaks this seige, we should see it reaching $9.47 and making higher price movements.
On the 4H chart, the correction to the price dump seems to be over and hence the resumption of another dump is possible and could bring price to the $7.9 position before the weekend is over.
Goodluck 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.