This pattern seems to be similar to a typical Wyckoff Accumulation pattern. If this speculation is correct, NEAR has the potential to retrace back to 15 and possibly 14 (shakeout/spring) before making a bullish run to somewhere around 23.
This is just a quick analysis, so analyze NEAR by yourself before opening a position!
This is just a quick analysis, so analyze NEAR by yourself before opening a position!
Comment:
NEAR will probably decrease to ~14.6 before increasing, so set your TP at 14.6-14.7 if you do short