NEAR Daily Chart - Why we bullish on NEAR?

NEAR Daily Chart - Why we bullish on NEAR?

Why we bullish on NEAR?
NEAR is currently on strong uptrend, despite of recently bearish market sentiment (the crypto fear & greed index shows FEAR is ruling the market). NEAR's 20-day EMA above 20-week EMA reinforces this view.

The bullish hammer formed at the dynamic support level indicated that the bulls is taken over from the bears at this level.

Potential Trade Idea 1: We are LONG NEAR at market price, stop loss place slightly below 20-day EMA ($14.60) and target take profit at resistance level ($20.5).

Indicators used on our chart
Multi timeframe EMA
- Crypto Fear & Greed Index

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