✳️ NEAR Protocol VB, HL, hBD | Chart Language Long

NEAR / BitcoinBinance

Description

⋅ Jan 8, 2023 1:47 AM

Chart language.

The last 3D candle on the NEARBTC pair closed yesterday and we can appreciate a breakout in bull volume. The biggest volume bar since late November.

The RSI also hit its lowest point recently and when we look back to December 2020/January 2021 we can notice a "hidden" bullish divergence.

This happens when the RSI hit a lower low, long-term in this case, while the pair hit a higher low.

These are the three signals mentioned on the title:

1- Volume breakout (VB).
2- Long-term higher lows (HL).
3- Long-term hidden bullish divergence (hBD)...

Chart language.

The last candle with high volume closed above EMA10.
Telling us that the bulls are now playing NEAR Protocol and with the bulls playing we expect green.

One last little detail... NEARBTC corrected by 84.29% from its All-Time High.
There you have it... Another altcoins vs bitcoin pair that bottoms in the same range.

All this tells us that the upside has more probability next than red.

Easy 105% with additional potential long-term.

Thank you for reading.

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Namaste.

Comments

Tradermariano

⋅ Oct 19, 2023 7:16 AM

An easy 100% loss so far…

SwallowPremium

⋅ Jan 8, 2023 5:15 PM

Keep sharing your great charts mate! Absolutely agree with your opinion!!!