Market Update 16/11

Market Update:

Yesterday we spoke about the fact that BTC would have a big move when looking at the momentum chart. Today that is exactly what happened and BTC took the entire market downwards. In the long term we are still bullish though so there is no reason to panic.

On the NEAR/USDT we broke the range downwards that we were in between $11.88 and $10.42. As mentioned before if we would break that level the price would go down and right now we are at $9.59 at the time of writing.

On a weekly holding $8.36 is crucial to keep bullish momentum otherwise we will fall down to $5.93. We are not there yet so we don’t have to panic. We are sitting on a V-top so ATH will be revisited again.