NEAR SLEPT THROUGH THE MORNING THEN CHARGED TO 470 WHILE BTC STAYED FLAT
First I settle yesterday in public
Yesterday I set a hard rule on WLD and Sunday night gave the verdict
Sunday closed right on 45 cents and not below it
So by the exact rule I wrote the floor verdict survived but by zero cents of margin and not by strength
Anyone calling that a strong hold is kidding themselves and I am not going to dress it up as a win
That is the whole point of settling calls in public and the WLD story stays on trial into tonight
Now the live test today is NEAR and the morning setup is playing out toward the upper line
This morning NEAR sat still at 451 cents while the board bled and I drew two lines in the open
Reclaim 475 cents and the correction story breaks and close below 428 cents and the setup dies
At midday NEAR trades at 455 cents up 4 percent in 24 hours after printing a day high of 470 cents
That high is 5 cents under the test line and it came with 82 million dollars of spot volume behind it
$BTC sits near 80400 dollars and about flat on the day so this push is a NEAR story and not a market story
The week still says be careful because NEAR sits down 11 percent on the week even after today push
But the shape of today flipped my read from the morning
Stillness overnight looked like sellers pausing and now it looks like buyers stacking quietly into the test
My take as an analyst is plain
A daily close above 475 cents confirms the correction is over and the road back toward the week highs opens
A rejection at 475 cents with a close back under 451 cents kills the breakout story and the 428 cents line comes back into play
$NEAR is 5 cents from the answer
BREAKOUT THROUGH 475 or REJECTION AT 475
Pick a side and say why
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #NEAR470Test
First I settle yesterday in public
Yesterday I set a hard rule on WLD and Sunday night gave the verdict
Sunday closed right on 45 cents and not below it
So by the exact rule I wrote the floor verdict survived but by zero cents of margin and not by strength
Anyone calling that a strong hold is kidding themselves and I am not going to dress it up as a win
That is the whole point of settling calls in public and the WLD story stays on trial into tonight
Now the live test today is NEAR and the morning setup is playing out toward the upper line
This morning NEAR sat still at 451 cents while the board bled and I drew two lines in the open
Reclaim 475 cents and the correction story breaks and close below 428 cents and the setup dies
At midday NEAR trades at 455 cents up 4 percent in 24 hours after printing a day high of 470 cents
That high is 5 cents under the test line and it came with 82 million dollars of spot volume behind it
$BTC sits near 80400 dollars and about flat on the day so this push is a NEAR story and not a market story
The week still says be careful because NEAR sits down 11 percent on the week even after today push
But the shape of today flipped my read from the morning
Stillness overnight looked like sellers pausing and now it looks like buyers stacking quietly into the test
My take as an analyst is plain
A daily close above 475 cents confirms the correction is over and the road back toward the week highs opens
A rejection at 475 cents with a close back under 451 cents kills the breakout story and the 428 cents line comes back into play
$NEAR is 5 cents from the answer
BREAKOUT THROUGH 475 or REJECTION AT 475
Pick a side and say why
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #NEAR470Test
