$NEAR After nailing the previous swing long and closing it at the top basically after we completed the 5 waves few weeks ago. I’am now looking for this setup to re-enter and long this again to new highs.
We got a nice lil bear divergence that formed a nice top as well as the $6 big resistance that we got up there.
Looking for a retrace now to bring back price into discount and to fill the gigantic FVG gap that we got on the weekly.
As per the invalidation. I will set one up once we get there looking at the LTF price action. #NEARProtocol
if we see $BTC on monthly by drawing just 2 support and resistance box then you can see…
#BTC breaks out above its first key resistance 76305$ - 71288$ area already with august monthly candle…
So if it doesnt go straight up and any pullback happens then it will be just a bullish retest of 76.3k - 71.2k area before the continuation to 102K - 107k area minimum…
like i shared before i’ll DCA more in my long term position if this pullback happens…
The attempt to return above MA200 turned out to be unsuccessful, and we got a pullback to the downside. At the moment the price is actively trying to go below the cloud, and it is extremely important for us not to allow this.
In case of a move lower, we risk a plunge to $80,000, and there we may also lose this support. If the buyer does not become active in the near future, we will develop the downside scenario.
There are still chances for continued growth; locally we may continue ranging in the $81,000 - $83,000 range, after which we will make another attempt to move into a long. #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#
We are still at the same area but still no confirmation for long as we broke below 82.5k support.
Will be looking for longs once we clear 83.2k and close above it.
Currently we are retesting the previous support and this is no area to take any new position for me as I would like to wait and see how we react from this level. #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#
NEAR has indeed dropped into $5.97 and even lower (red)
Near Protocol will need to muster a Weekly Close above $5.97 to secure the retest of this level as support if it wants to re-challenge the ~$6 Range High resistance above (black)
Macro-wise, NEAR is consolidating within the black-black Range, having successfully retested its Macro Downtrend (blue) as newfound support