Near/USDT analysis
The pair Near/USDT is forming a falling wedge on the 4H time frame (Green lines), the pair also testing an important fib area between 0.5 and 0.618 on the daily time frame, which coincide with the bullish trend line on the daily (the yellow line) , if the pair could retest all the supports (Horizontal green line) and go up from there, that may lead to push the price of near to a higher level.
On the 1H time frame Near/USDT also showing some strength by forming an inverse head and shoulders pattern exactly inside 0.5 fib level.
Considering all the data above Near could breakout the falling wedge during the next couple days and hit the target 6.1usdt.
On the 1H time frame Near/USDT also showing some strength by forming an inverse head and shoulders pattern exactly inside 0.5 fib level.
Considering all the data above Near could breakout the falling wedge during the next couple days and hit the target 6.1usdt.
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