NEAR/USDT - (Bullish) Near is progressing within strong bullish trend

Market & Ticker: Ethereum – NEAR/USDT

Date: 24/04/2024

Horizon / Timing:  Tactical Mid-term / 1 to 3 months

Scenario:

NEAR is trading within a strong bullish trend (Bullish channel) and is still outperforming BTC

At current price we do anticipate a larger recovery towards 11,80 before 20.60 on a long run. As long as 5,10 remains a support valid a further recovery towards 8,10 and 11,80 is expected at first

Technical Key Elements:

• Bullish channel is showing a strong bullish trend
• RSI indicators is bullish above 50%
• The Moving average are support
• Fibonacci key resistance area at 3510 and support at 2770

Trade Idea conclusion:  Neutral

• Target 2: 11,80
• Target 1: 8,10
• Tactical Support: 5,10
• Target alternative: 4,40

Chart: Daily Basis (Candle Stick) - Logarithmic 

Indicators: Exponential Moving Average (21/34/89) - RSI (21)

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