Hello merchants!!!
We have been faced with a massive bearish price movement since after the $20 price mark and it’s double top formation.
Fortunately, we are still in a safe zone. The channel lines, support line at $6.1 and resistance line at $13.2 show that the current price of Near is safe for the bulls to come into the market.
Also, the RSI blue ribbon indicator shows an over sold condition and a safe entry while the yellow ribbon at 52% shows that we are still on a bullish trend on the 1D timeframe.
We are heading for the $11.5 resistance level according to the Fibonacci levels although Price could see the $9 level again but we’re still bullish.
Good luck trading!!!
We have been faced with a massive bearish price movement since after the $20 price mark and it’s double top formation.
Fortunately, we are still in a safe zone. The channel lines, support line at $6.1 and resistance line at $13.2 show that the current price of Near is safe for the bulls to come into the market.
Also, the RSI blue ribbon indicator shows an over sold condition and a safe entry while the yellow ribbon at 52% shows that we are still on a bullish trend on the 1D timeframe.
We are heading for the $11.5 resistance level according to the Fibonacci levels although Price could see the $9 level again but we’re still bullish.
Good luck trading!!!