Near Bullish return
Hello Merchants!
Here is another trend based analysis of the NEARUSDT chart.
Trend lines AB and GE showed a bearish trend which got exhausted at point C and E.
A bullish trend began at C and E which can be seen with the trend lines CD and EF.
We saw from last analysis that there were two price triggers. Bullish trigger at $10.5 and bearish trigger at $8.9. The bearish trigger has been activated as we can see that price is below the $8.9 trigger. This could bring price down to $7.6 next week.
Meanwhile, price will remain within the ECDF zone. This means a price range between $7.6 and $9.5 in the coming week.
Here is another trend based analysis of the NEARUSDT chart.
Trend lines AB and GE showed a bearish trend which got exhausted at point C and E.
A bullish trend began at C and E which can be seen with the trend lines CD and EF.
We saw from last analysis that there were two price triggers. Bullish trigger at $10.5 and bearish trigger at $8.9. The bearish trigger has been activated as we can see that price is below the $8.9 trigger. This could bring price down to $7.6 next week.
Meanwhile, price will remain within the ECDF zone. This means a price range between $7.6 and $9.5 in the coming week.
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