Во близина на протоколот Булс има за цел 20% добивки во услови на оваа насилна формација

Во близина на протокол today showed bullish momentum. The bulls attempted to cross above Tuesday’s high of $4.53. NEAR has been trading in the green for the past few hours. A double-top structure near $4.53 asks for the wait-and-watch approach. Although the bias remains positive.

• Near Protocol trades on a higher note on Thursday.
• A decisive break above $4.53 could fuel further upside in the price.
• Critical support remains around $4.30.

Near Protocol price looks further upside

  On the weekly chart Near Protocol formed a “Bullish Bat Harmonic” pattern. In a bullish Bat pattern, however, the second top is lower than the first one. In addition, it combines Фибоначи with Elliott’s waves theory, and some new ratios like 88.6% are used. This pattern is a confirmation of the continuation of the prevailing trend. 

As can be seen on the chart, the price starts to make a higher low formation & started to go higher after taking a retracement of 61.8% Fibonacci level of an impulse move from ($2.38) to ($6.11). 

The price fulfills its one characteristic out of two for the price to move uptrend. Near Protocol, bulls start to make higher lows, which is a good sign for a possible bullish reversal. If the price breaks its recent swing high and makes a higher high as well, then NEAR will start its journey on an uptrend. 

Near Protocol price on the daily chart is trading in a “Rising Channel”, making higher highs and higher lows, showing signs of bullishness.

Other than that, the price even formed another reversal pattern. The price formed an inverted “Head & Shoulder” pattern. If the price is able to break above its neckline ($4.56), along with another resistance of the 50-day exponential moving average. Then we can expect a price to test its previous swing high and even break above that level. 

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Најблиската поддршка е (4.30 долари), додека најнепосредниот отпор е околу (4.60 долари). Постои поголема веројатност цената да го скрши својот отпор. Но, ако некоја случајна цена има тенденција да се приближи до нејзината поддршка, и видовме какво било отфрлање таму со зголемени количини, тогаш можеме да купиме и таму „Купете на падови“ можност.

On the other hand, a break below the $4.30level could upset the bullish setup. In that case, the price could drop toward $3.80

Near Protocol is slightly bullish on all time frames. Above  $4.56  closing on the hourly time frame, we can put a trade on the buy side.