My thoughts on NEAR and some unconventional charting
Hello, first off thank you for reading my thoughts if you happen to come across this chart. The zone I’ve selected to mark from ~$13.25-~$7.39 is significant as it holds the majority of NEAR’s price action this cycle and near has shown high volatility as it approaches these price barriers by either soaring through them initially, only to completely retrace, or by bouncing from these levels. The descending trend line I’ve chosen to mark on the chart is intended to mark the bulk of price action over the following month rather than embody all price action. I don’t think we’re close to a bottom just yet, I feel like we will see some upward movement before we have a heavy retrace to the lower end of this zone. Short term (as in <10 days), I think we move toward the happy zone.
