The Hourly View for Near
- Currently, NEAR’s price is down $-0.02 (-0.37%) from the hour prior.
- Near has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls.
- Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
- The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Near’s hourly price chart is shown below.
The Daily View for Near
- At the time of this writing, NEAR’s price is up $0.49 (9.49%) from the day prior.
- This is the 3rd day in a row Near has seen its price head up.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
- Divergence between NEAR’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NEAR’s price.
Below is a daily price chart of Near.
Featured Near Idea From TradingView
Below is a trading comment entitled THoughts on AUDUSD (Bearish possibility) you may find interesting:
After a bullish market, I think we can have a bearish position right in the pullback. We have a harmonic set-up. There’s a PRZ as a shark pattern entry 1 at the 0.886 that coincides with the 1.618 of the BC projection. If we look at the market where it is now at lower frames we can see an AB=CD pattern…
— pinoso
The post Near Does it Again: Heads Up for the 3rd Straight Day appeared first on CFDTrading.
This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
