NEAR couldn't hold a crucial level of support. That's unfortunate, but that doesn't mean that there's no upside to come. There's always a good and a bad in losing a support…
Original source excerpt
$NEAR couldn't hold a crucial level of support. That's unfortunate, but that doesn't mean that there's no upside to come. There's always a good and a bad in losing a support level. There was a ter…
$NEAR couldn't hold a crucial level of support. That's unfortunate, but that doesn't mean that there's no upside to come. There's always a good and a bad in losing a support level. There was a terrific bounce upwards, all to $4.50 earlier on. After that, I wanted to see that there was support to be found at the $4.30 area. Couldn't hold. As a matter of fact, if you zoom in on the chart, you're able to see that it immediately rejected afterwards. What's next for me? Well, as the trend is clearly downwards, I wouldn't be surprised if we're going to see a sweep of the lows. I expect to bottom in the coming days, meaning that there's a very likely case that we're going to bottom between $3.50-4.00 on $NEAR and that this range would be a magnificent zone for the upcoming rally.
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