NEAR is currently on strong uptrend, despite of recently market sentiment (the crypto fear & greed index shows FEAR is ruling the market). NEAR's 20-day above 20-week reinforces this view.
The formed at the dynamic 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
- Crypto Fear & Greed Index