🔍 Chart Overview:
NEAR has been trading inside a well-defined falling channel since mid-May. Price has consistently respected both the upper and lower trendlines, confirming this as a dominant structure.
🔵 Key Zones:
Support Zone (~$1.85–$1.95): Multiple bounce reactions (R1 in April & R2 in June) confirm this zone as a strong demand area.
Current Price Action: Price recently bounced off support and is now pressing against the upper channel boundary (~$2.25). A breakout here could be the first bullish signal in months.
📌 Indicators:
Stoch RSI: Curling upward, currently at 57.18 – suggesting bullish momentum is building.
Volume: Slight uptick in volume on the latest push – worth watching for confirmation.
🧠 Strategy Notes:
Bullish Scenario: Break and close above the descending resistance could lead to a run toward $2.60–$2.90 range.
Bearish Scenario: Rejection here would keep the downtrend intact, with price likely retesting the support zone again.
🛠️ Pattern in Play:
Descending Channel
Double Bottom Potential @ Support Zone
NEAR has been trading inside a well-defined falling channel since mid-May. Price has consistently respected both the upper and lower trendlines, confirming this as a dominant structure.
🔵 Key Zones:
Support Zone (~$1.85–$1.95): Multiple bounce reactions (R1 in April & R2 in June) confirm this zone as a strong demand area.
Current Price Action: Price recently bounced off support and is now pressing against the upper channel boundary (~$2.25). A breakout here could be the first bullish signal in months.
📌 Indicators:
Stoch RSI: Curling upward, currently at 57.18 – suggesting bullish momentum is building.
Volume: Slight uptick in volume on the latest push – worth watching for confirmation.
🧠 Strategy Notes:
Bullish Scenario: Break and close above the descending resistance could lead to a run toward $2.60–$2.90 range.
Bearish Scenario: Rejection here would keep the downtrend intact, with price likely retesting the support zone again.
🛠️ Pattern in Play:
Descending Channel
Double Bottom Potential @ Support Zone
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.