Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NEAR has been overall bearish for a while and it is now approaching a strong weekly support and round number 1.0 in green.
NEAR is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in orange
Meanwhile, until the buy is activated, NEAR would be overall bearish and can still trade lower till the lower red trendline and 1.0
In this case, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NEAR has been overall bearish for a while and it is now approaching a strong weekly support and round number 1.0 in green.
NEAR is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in orange
Meanwhile, until the buy is activated, NEAR would be overall bearish and can still trade lower till the lower red trendline and 1.0
In this case, we will be looking for short-term buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT