๐ Daily TA: Near (NEAR/USD) | 21-10-2021
Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of Near.
In the daily chart (1D), after a small correction, the price of Near consolidated at the 30-day Moving Average (MA 30): As can be seen from the chart, NEAR/USD received enough support from MA 30 and has rebounded.
Interestingly, in the 4-hour chart (4H), NEAR/USD formed a Bullish Flag (common trend continuation pattern): As can be seen from the chart, a breakout took place recently, and now the uptrend is resuming.
That's why it is worth paying attention to the 1-hour chart (1H) as well, where NEAR/USD is starting to draw an Ascending channel (uptrend): The longer the price chart remains in the channel, the higher the probability of uptrend renewal in the 4-hour chart.
To be continued ...
As of the time of writing, one NEAR costs $9,17 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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