✴️ NEAR Protocol Hits Bottom | Volume Analysis (211% Potential)

8 בינו׳ 2023

We will now entertain ourselves with a different type of signal...

Normally we look at the RSI, EMA50, Candlesticks and what not; Let's make it a little bit different this time.

NEAR Protocol (NEARUSDT) dropped by 94.42% from its All-Time High (-94%).

How do I know if this is the bottom?

The peak was hit in late 2021, afterward we have the bear cycle/bear market/correction phase.

- As this phase approaches volume increase, it is still strong (1st wave).
- As this phase intensifies, volume reaches its highest level (3rd wave).
- As this phase reaches its end (bottom), volume goes lower (5th wave).

New lows being hit as volume decreases signals that the trend is coming to an end.

Since we have above average volume in the last three days as NEARUSDT breaks above EMA10... These signals are telling us that things are about to change.

How was it?

Very simple...
Simple is awesome...
Simple is jus great!

Thank you for reading.

Namaste.