$NEAR Short-Term Bounce in Progress
Price is bouncing from the July low and currently showing a short-term incomplete structure, suggesting further upside.
The rally could reach the equal-legs area of 1.76 – 1.80 before sellers appear again.
The bounce could continue during August as long as price remains supported above 1.60.
However, the daily chart remains bearish, and the current bounce is expected to fail within a corrective structure, setting another lower high. Buyers need to be careful.
#Crypto #Trading #ElliottWave
Price is bouncing from the July low and currently showing a short-term incomplete structure, suggesting further upside.
The rally could reach the equal-legs area of 1.76 – 1.80 before sellers appear again.
The bounce could continue during August as long as price remains supported above 1.60.
However, the daily chart remains bearish, and the current bounce is expected to fail within a corrective structure, setting another lower high. Buyers need to be careful.
#Crypto #Trading #ElliottWave