✴️ Near Protocol | What About The Bottom? 2024 Bull-Market
Updated
One question and one question only:
➖ Is The Bottom In?
➖ Did Near Protocol (NEARUSDT) hit bottom?
➖ Is Near Protocol's bear-market over?
We have actually three questions but they are all one and the same, just like us... You and me, we are one and the same.
👉 For those who don't want to read, the short answer is yes.
Now, if you enjoy technical analysis and would like to learn or just be entertained, follow me... Let's answer this same question but with the chart.
The bear market low was hit August 17.
While NEARUSDT was moving down, May/June 2022, bear volume was really high and it remained high for a while but it started to decrease every week, every day after these months.
In December 2022 and January 2023 we see an uptick in volume but instead of bear volume we get mostly bull volume, meaning, the sessions with high volume ended closing green rather than red.
As we get to 17-August 2023, bear volume is really low... Volume starts to rise again in late October but once again, leaning towards the bulls.
This volume behaviour reveals a bullish bias long-term.
Now NEARUSDT is trading daily above EMA100 and MA200 with a very strong RSI.
In October it produced a higher low vs August and we also have a strong bullish divergence with the RSI.
All these signals show up when things are about to change. If you consider Bitcoin and the rest of the Altcoins market, it tells us that Near Protocol is going bullish in 2024.
Namaste.
➖ Is The Bottom In?
➖ Did Near Protocol (NEARUSDT) hit bottom?
➖ Is Near Protocol's bear-market over?
We have actually three questions but they are all one and the same, just like us... You and me, we are one and the same.
👉 For those who don't want to read, the short answer is yes.
Now, if you enjoy technical analysis and would like to learn or just be entertained, follow me... Let's answer this same question but with the chart.
The bear market low was hit August 17.
While NEARUSDT was moving down, May/June 2022, bear volume was really high and it remained high for a while but it started to decrease every week, every day after these months.
In December 2022 and January 2023 we see an uptick in volume but instead of bear volume we get mostly bull volume, meaning, the sessions with high volume ended closing green rather than red.
As we get to 17-August 2023, bear volume is really low... Volume starts to rise again in late October but once again, leaning towards the bulls.
This volume behaviour reveals a bullish bias long-term.
Now NEARUSDT is trading daily above EMA100 and MA200 with a very strong RSI.
In October it produced a higher low vs August and we also have a strong bullish divergence with the RSI.
All these signals show up when things are about to change. If you consider Bitcoin and the rest of the Altcoins market, it tells us that Near Protocol is going bullish in 2024.
Namaste.
Note
NEAR is finally moving but is still pretty early, around 20% profits so far.👉 We can see 130% potential to the first easy target and over 980% for the higher target. Patience is key.
➖ Volume is high and NEARUSDT is growing above MA200.
It will take time and there will be retraces, corrections and price swings in-between but the bias is bullish, it is going up, nothing can avoid this.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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