The Near Protocol ( NEARUSD ) is currently rebounding after making a new Higher Low on the 7-month Channel Up just below the 1D MA200 (orange trend-line). The true Support is the 1W MA50 (red trend-line), which provided a rebound last time it made contact with the price on February 24.

Since it firs started trading, NEARUSD has filled all Fibonacci extensions, with the latest being the 1.786. Naturally, the next fill should be Fib ext 2.0, which is exactly on 33.000. Technically, that would make a perfect Higher High on the Channel Up pattern.

——————————————————————————————————–

Please like, subscribe and share your ideas and charts with the community!

——————————————————————————————————–