$NEAR
General Structure and Trend (Market Structure)The general trend (long-term bullish): The price is trading safely and very far above the EMA(200) average on all timeframes (on the 4-hour timeframe the average is at 2.614, and on the 2-hour timeframe it is at 3.040). This means that buyers control the currency’s strategic direction, and any current drop is only a temporary correction, not a change in trend.The local trend (mid-term bullish): The price managed to regain momentum and rise from the 3.403 low (2-hour timeframe), reaching the current intraday peak at 4.663.Current price action (bearish pullback): The price is currently moving through a retracement phase and testing nearby support levels after touching the strong resistance at 4.663.
General Structure and Trend (Market Structure)The general trend (long-term bullish): The price is trading safely and very far above the EMA(200) average on all timeframes (on the 4-hour timeframe the average is at 2.614, and on the 2-hour timeframe it is at 3.040). This means that buyers control the currency’s strategic direction, and any current drop is only a temporary correction, not a change in trend.The local trend (mid-term bullish): The price managed to regain momentum and rise from the 3.403 low (2-hour timeframe), reaching the current intraday peak at 4.663.Current price action (bearish pullback): The price is currently moving through a retracement phase and testing nearby support levels after touching the strong resistance at 4.663.