NEARUSDT
Updated
Hello Dear friends
In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued.
On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened.
As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.
In the daily time frame, the trend has approached an important support zone. At the same time, the butterfly harmonic pattern has also been formed in this time frame. Positive divergence of RSI has also been issued.
On the lower time frames, if the downward trend line is broken upwards, the possibility of the price advancing to higher areas is strengthened.
As long as the uptrend does not break above the $2.374 range, the harmonic pattern is invalid. You should keep in mind that if the correction trend is below the $1.379 range, our bullish view will expire.
Note
On the lower time frames, our downtrend line has not yet been broken. Keep in mind that until the trend line is broken and a breakout confirmation is issued, the above view has little validity.If the corrective trend is below the range of $1.37, the possibility of an upward trend similar to the drawn scenario will be weakened.
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Our range of support is well maintained.
LL we don't have (: and it seems that if the rising trend is above the yellow range ($1.77), we can expect to advance to higher areas.
Keep in mind that our main analysis is done on the daily time frame and we do reviews on lower time frames. For this reason, nearby targets are clear in the chart.
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