NEARUSDT
is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep" There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI) which has pushed price to $4.7 followed a strong hidden divergence on the daily RSI after the correction to $2.45 leading the price to it current state and possibly beyond.
The technical obstacle here is if the previous support level becomes resistance else expect 200% surge from current price. The invalidation level (red dotted line) for this scenario is at $1.74.
Overall, on the primary degree or call it macro view, it looks like we have completed wave B/2-cyan which retraced almost 80$ Fibonacci level (very close to the ALL TIME LOW) and we are presently on the journey to wave C/3-cyan
OTHER ANALYSIS
Comment:
will add more
NEARUSDT
at $5.1 still bullish on this.
NEARUSDT
at $5.1 still bullish on this.