Is the bull being exhaled at $NEAR ?
Analysis for the coming week 🦬
I’m looking at the daily NEAR — the chart is literally taking off into space, but this endless pump can’t go on forever. Right now we’re overbought, and the volumes at the peaks are starting to fade a bit.
What am I expecting next?
Locally, the big players may arrange one more final squeeze of the shorts and update the local high. But immediately after the next price spike, we’re inevitably heading for a technical correction.
On the way back, we’re guaranteed to touch the nearest moving EMA(7) around $4.6. If support doesn’t hold, we’ll drop even deeper — straight to the average EMA(25) to unload the indicators.
Also, in the long run it’s better to buy and build your portfolio on pullbacks.
I’ve pinned the chart and the current coin price in the widget below — click, study, and trade wisely! 👇
$NEAR #NEAR
Analysis for the coming week 🦬
I’m looking at the daily NEAR — the chart is literally taking off into space, but this endless pump can’t go on forever. Right now we’re overbought, and the volumes at the peaks are starting to fade a bit.
What am I expecting next?
Locally, the big players may arrange one more final squeeze of the shorts and update the local high. But immediately after the next price spike, we’re inevitably heading for a technical correction.
On the way back, we’re guaranteed to touch the nearest moving EMA(7) around $4.6. If support doesn’t hold, we’ll drop even deeper — straight to the average EMA(25) to unload the indicators.
Also, in the long run it’s better to buy and build your portfolio on pullbacks.
I’ve pinned the chart and the current coin price in the widget below — click, study, and trade wisely! 👇
$NEAR #NEAR
