Exactly as told in last analysis about the Major supports of August and September 2021 were tested by the market.
And $NEAR broke $5.437 level and tested the lower support at $4.664. And then took a bounce back to upper support and had recently and has recently tested the resistance at $6.565 level and heading back to test its support.
Lets see how it can behave in this week...
So lets see BTC, after 9 weeks of red candles it has finally shown the demand with international market also looking positive. This is a big relief for alts.
Now coming to $NEAR, we all know how $NEAR behaves in a sideways and positive market. It goes bonkers.
According to me nothing is much clear as of now, but i am expecting $NEAR to hold its support at $5.437 and test the resistance at $6.565 and might break it and then consolidate here for sometime.
If we see Volume in the chart, we can see its coming to $NEAR.
Advice: Use a STOPLOSS based on your risk reward ratio.
And $NEAR broke $5.437 level and tested the lower support at $4.664. And then took a bounce back to upper support and had recently and has recently tested the resistance at $6.565 level and heading back to test its support.
Lets see how it can behave in this week...
So lets see BTC, after 9 weeks of red candles it has finally shown the demand with international market also looking positive. This is a big relief for alts.
Now coming to $NEAR, we all know how $NEAR behaves in a sideways and positive market. It goes bonkers.
According to me nothing is much clear as of now, but i am expecting $NEAR to hold its support at $5.437 and test the resistance at $6.565 and might break it and then consolidate here for sometime.
If we see Volume in the chart, we can see its coming to $NEAR.
Advice: Use a STOPLOSS based on your risk reward ratio.