TheSignalyst

NEAR - Potential Bullish Reversal!

WHITEBIT:NEARUSDT   Near / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on DAILY: Left Chart
NEAR is trading inside a big channel in red. For the bulls to take over long-term, we need a break above the blue zone and upper red trendline.

Meanwhile, as NEAR is approaching the 1.0 - 1.5 demand zone , we will be looking for short-term buy setups.

on H4: Right Chart
NEAR is forming a double bottom but it is not ready to go yet.

Trigger => for the bulls to take over, we need a momentum candle close below the orange neckline.

Meanwhile, until the buy is activated, NEAR can still trade lower inside the daily demand zone .

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
https://www.RichTL.com

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