AI project NEAR looks to breakout of an important mini range that has been holding it down since mid June.
This important S/R level @ ~$5.50 is key for the LTF with a bearish OB, a move above would mean a new higher high after a higher low therefor confirming a daily bullish structure continuation. The chart shows the next bearish OB expected resistance levels @ $6.30 and $7.40.
In the HTF this S/R level at 0.25 reclaim would mean a move to the charts midpoint @ $10.50 as the next target. NEAR is currently above the daily support and the macro bias is definitely now bullish.
For me both TA and FA look good to go and with
NVDA have their earnings for Q3 on the 20th November, AI projects will be in the spotlight in the next few weeks.
This important S/R level @ ~$5.50 is key for the LTF with a bearish OB, a move above would mean a new higher high after a higher low therefor confirming a daily bullish structure continuation. The chart shows the next bearish OB expected resistance levels @ $6.30 and $7.40.
In the HTF this S/R level at 0.25 reclaim would mean a move to the charts midpoint @ $10.50 as the next target. NEAR is currently above the daily support and the macro bias is definitely now bullish.
For me both TA and FA look good to go and with
NVDA have their earnings for Q3 on the 20th November, AI projects will be in the spotlight in the next few weeks. 註釋
Breakout candle looking very strong with the first bearish OB tagged already.Weekend moves are not as trustworthy as a weekday move, however any SL set just below the 0.25 line feels safe now.
註釋
Bouncing between $5.50 & $6.30 support and resistance levels. Some geo-political uncertainty causing some volatility on BTC and the broader market.
Trade still on just as TA is still good and overall macro still bullish however FA controlling the price for now.
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