Market Update 23/11

Market Update:

BTC is still in his range around $60.000 and $55.600 if we lose this level we will go down to lower levels. We’ll probably stay in this range at least until Friday where we have options expiring around $58.000. It wouldn’t surprise us if we see the price going to $62.000 during the weekend.

On the NEAR/USDT on the daily timeframe we can identify a range between $8.39 and $9.89. Price will consolidate in this zone probably during the same time as BTC’s range. On an hourly timeframe we see the clear resistance at $8.39.

In terms of momentum we see a small increase and a new W structure forming as well. This means that the momentum is getting back and we can get a nice move to the upside as well. Be ready to take profits when NEAR gets back to newer highs. We will be here to remind you!