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TheSignalyst
Nov 30, 2022 10:00 AM

NEAR - Potential Bullish Reversal! 

Near / Tether USWhiteBIT

Description

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
Comments
Lekis
Pretty idea
TheSignalyst
@Lekis, thanks dear Lekis
anyalove
Nice one, thanks
TheSignalyst
@anyalove, salute Anya
FiboTech
How great that we have the same opinion
Good luck
TheSignalyst
@FiboTech, amazing dear Fibo
Williamforex
amazing setup
TheSignalyst
@Williamforex, thanks William
Solldy
The asset should test the levels more for the scenario to be confirmed. Thanks for sharing the vision!
UnknownUnicorn15614419
Well, the validity of such a prediction in the current movement for me remains questionable, not convinced
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