A new ATH soon
Hello Merchants!
Get ready for a new ATH!
From the NEARUSDT 1W chart above, price is currently resting slightly higher than the $13.1 Support level.
Price for this week begins with testing the support for the third time consecutively. Testing that support level for three times consecutively indicates a probable breakout of price.
Two scenarios are possible:
(A) Price could bounce away from the support level of $13.1 towards the previous resistance at $16.5
OR
(B) Price would break the support and head for the next support at $12.5.
The second scenario could play out before the first one because the double top seen on the 1Day chart still has a bearish effect.
Whether price hits the next support at $12.5 or takes off to $16.5, we’re sure to get a new ATH in coming weeks
Get ready for a new ATH!
From the NEARUSDT 1W chart above, price is currently resting slightly higher than the $13.1 Support level.
Price for this week begins with testing the support for the third time consecutively. Testing that support level for three times consecutively indicates a probable breakout of price.
Two scenarios are possible:
(A) Price could bounce away from the support level of $13.1 towards the previous resistance at $16.5
OR
(B) Price would break the support and head for the next support at $12.5.
The second scenario could play out before the first one because the double top seen on the 1Day chart still has a bearish effect.
Whether price hits the next support at $12.5 or takes off to $16.5, we’re sure to get a new ATH in coming weeks
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.