NEAR: Downtrend Holds as Sweep Avoided
Michaël van de Poppe states NEAR avoids sweeping the low for now while remaining in a long downtrend, advising traders to stay cautious until a $3.50 sweep allows level reclamation.
SourceAnalysis
NEAR refuses to sweep the low just yet, Michaël van de Poppe notes, leaving the token inside a long downtrend that demands caution before any fresh positions.
Price at $3.58 tests upper Bollinger resistance at $3.77 while RSI holds neutral near 42.79, so a healthy retracement toward the 50-EMA support at $3.79 looks probable before further upside, even as the MACD prints a bullish golden cross against the dominant bearish structure capped by the 200-EMA at $4.35.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast