NEAR PROTOCOL $NEAR CALLING THE TOP HERE. NFA. DYOR

12 Oca 2022Sharing my thoughts on NEAR comparing charts with Wyckoff Distribution. Final target is 5.5 USD. While RSI is bearish. Overbought on all technical indicators.

13 Oca 2022

İşlem aktif

Lost the support from previous high 17.95! it will come back to retest and hopefully get rejected according to Wyckoff Distribution model.

13 Oca 2022

Yorum

Forgot to post this NEAR/BTC which was at resistance making a new high.

13 Oca 2022

İşlem aktif

Here is Wyckoff Distribution Schematic 1 for better understanding.
miro.medium.com/max/1400/1*5R-JCgN8nbNsKv8No6B-sw.png

13 Oca 2022

İşlem kapandı: durdurma seviyesi

If this is a fake out above the ascending broadening wedge and it fall back into the channel, i will post a short. But I got no clue here. Also, I wouldn't long here at all.

14 Oca 2022

İşlem aktif

NEAR fake out successful above ascending wedge which is technically bearish.
It fell back to wedge again failing the retest. Lost trend for now. I will short at retest. Just a game whales like to play "Liquidate shorts and Liquidate Longs" or vice versa.