NEAR made a bullish move — and while every pump deserves recognition, the reality is that nothing significant has changed. Price action has simply pushed to the top of the range, meaning that if you’re looking for entries here, you’re effectively buying into resistance on lower timeframes.
Higher timeframes remain structurally valid, but a confirmed Change of Character (CHoCH) would strengthen the case for a true reversal. At the moment, momentum and trend oscillators are overbought on lower timeframes, while those on higher timeframes remain oversold, highlighting a mixed and uncertain setup.
Higher timeframes remain structurally valid, but a confirmed Change of Character (CHoCH) would strengthen the case for a true reversal. At the moment, momentum and trend oscillators are overbought on lower timeframes, while those on higher timeframes remain oversold, highlighting a mixed and uncertain setup.
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Check me out linktr.ee/btdcrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.