RLinda ! NEARUSDT-> The correction is over. Bounce from MA-50NEARUSDT follows the entire cryptocurrency market, which, at first glance, ends its bullish corrective movement. The price is down 6% since the opening of the session
(Chart 1: NEAR/USDT 1H. Demonstration of the global trend and price reaction to the global MA-50)
On the global chart, we see a corrective movement, which was formed several (from 3 to 15 days), the price reaches from below up resistance in the form of the trend line MA-50 and begins to fall after the PIN bar formed by a false breakdown.
The first bullish candlestick suggests a continuation of the fall. The potential for a fall is not very high, but it might happen.
On the hourly chart we see an uptrending price channel, a few hours ago the price breaks the channel support and 1-hour MA-200, and goes to the short zone. I expect a pullback to the resistance zone of 3.079 and consolidation before further decline.
Short-term target - support 2.89, medium-term target - liquidity zone 2.753
Regards R.Linda!
