Possible Wyckoff Accumulation, temporary downtrend is "NEAR"
This pattern seems to be similar to a typical Wyckoff Accumulation pattern. If this speculation is correct, NEAR has the potential to retrace back to 15 and possibly 14 (shakeout/spring) before making a bullish run to somewhere around 23.
This is just a quick analysis, so analyze NEAR by yourself before opening a position!
This is just a quick analysis, so analyze NEAR by yourself before opening a position!
Note
NEAR will probably decrease to ~14.6 before increasing, so set your TP at 14.6-14.7 if you do short
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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.