NEAR - Potential Bullish Reversal!

30 בנוב׳ 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on DAILY: Left Chart
NEAR is trading inside a big channel in red. For the bulls to take over long-term, we need a break above the blue zone and upper red trendline.

Meanwhile, as NEAR is approaching the 1.0 - 1.5 demand zone, we will be looking for short-term buy setups.

on H4: Right Chart
NEAR is forming a double bottom but it is not ready to go yet.

Trigger => for the bulls to take over, we need a momentum candle close below the orange neckline.

Meanwhile, until the buy is activated, NEAR can still trade lower inside the daily demand zone.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich