NEAR / TetherUSLong
Brief Analysis ——NEAR
The brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP.
In the upward process indicated by the green arrow, the strength of the bulls is not strong, and the length of the green candles is lower than that of the red candles in the previous decline. And the price has never recovered the losses caused by the SEC. After nearly half a month of volatility, the bulls launched an attack again last Thursday, but did not break through the previous high. The two upward pin-bars indicate resistance near the 1.5. But unlike Jun.26, after the pin-bar appeared this time, the bulls did not weaken and the price fluctuated at the current position for several days.
Conclusion: The high probability rise has not ended. The price can still remain fluctuating after the bears strengthen. It is difficult to stop the rise at this position, so we give this conclusion. But NEAR remains bearish at a large level, so the increase will not be large. We set the resistance level at 1.6. We think the price may retest 1.6 again this week. And we set the support level at 1.3.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
In the upward process indicated by the green arrow, the strength of the bulls is not strong, and the length of the green candles is lower than that of the red candles in the previous decline. And the price has never recovered the losses caused by the SEC. After nearly half a month of volatility, the bulls launched an attack again last Thursday, but did not break through the previous high. The two upward pin-bars indicate resistance near the 1.5. But unlike Jun.26, after the pin-bar appeared this time, the bulls did not weaken and the price fluctuated at the current position for several days.
Conclusion: The high probability rise has not ended. The price can still remain fluctuating after the bears strengthen. It is difficult to stop the rise at this position, so we give this conclusion. But NEAR remains bearish at a large level, so the increase will not be large. We set the resistance level at 1.6. We think the price may retest 1.6 again this week. And we set the support level at 1.3.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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