$NEAR is trending today, but the 10% day isn't the story. The 30-day chart is.
Since Sep 18, close to close:
- NEAR: +61%, from about 3.15 to 5.08
- $BTC +7%
- $ETH -1%
That's real relative strength. Every pullback since October 1 stopped above 4.30 while the majors went sideways.
Where it gets harder:
- 6.00 was rejected on Oct 12. That day closed at 5.09
- Since then it's a range, 4.53 to 5.44
- Funding is about +0.005%, so longs aren't crowded
Strong coins pull back too. For me the trend holds above 4.30. A daily close above 5.44 reopens the path to 6.00.
NFA. Do you buy relative strength or wait for the dip?
#NEARRisesNearly10%
Since Sep 18, close to close:
- NEAR: +61%, from about 3.15 to 5.08
- $BTC +7%
- $ETH -1%
That's real relative strength. Every pullback since October 1 stopped above 4.30 while the majors went sideways.
Where it gets harder:
- 6.00 was rejected on Oct 12. That day closed at 5.09
- Since then it's a range, 4.53 to 5.44
- Funding is about +0.005%, so longs aren't crowded
Strong coins pull back too. For me the trend holds above 4.30. A daily close above 5.44 reopens the path to 6.00.
NFA. Do you buy relative strength or wait for the dip?
#NEARRisesNearly10%