Market Update:
Having a look at the market we can see that BTC is preparing a big move on the momentum chart. On the volatility side it is going lower at the moment so we won’t see BTC having a huge move to the upside. Only if BTC gets a high volatility again will we see BTC go to 100K.
On the NEAR/USDT pair we can see that NEAR tested the $11.88 dollars we identified. It shows good resistance and as long as we don’t go below $10.42 we don’t need to worry about the price falling too low. On the daily we can really see that the price is attempting to break the $11.88 mark.
Analysing the NEAR/ETH pair we can also see an interesting pattern forming similar to the NEAR/BTC pair: a W structure is forming. Is this an indication that an alt season is on it’s way for NEAR? We’ll be analysing this here every day.
Having a look at the market we can see that BTC is preparing a big move on the momentum chart. On the volatility side it is going lower at the moment so we won’t see BTC having a huge move to the upside. Only if BTC gets a high volatility again will we see BTC go to 100K.
On the NEAR/USDT pair we can see that NEAR tested the $11.88 dollars we identified. It shows good resistance and as long as we don’t go below $10.42 we don’t need to worry about the price falling too low. On the daily we can really see that the price is attempting to break the $11.88 mark.
Analysing the NEAR/ETH pair we can also see an interesting pattern forming similar to the NEAR/BTC pair: a W structure is forming. Is this an indication that an alt season is on it’s way for NEAR? We’ll be analysing this here every day.