Near cryptocurrency can be expected rise further toward the next resistance level 5.5000.
- Near broke round resistance level 5.0000
- Likely to rise to resistance level 5.5000
Near cryptocurrency has been rising sharply after the earlier breakout of the resistance zone between the round resistance level 3.000 (former multi-month resistance from June, as can be seen from the Near chart below), resistance trendline of the daily up channel from August and the resistance trendline of the weekly up channel from February. The breakout of this resistance zone accelerated the active impulse wave 5 that belongs to the intermediate impulse wave (C).
Given the clear daily uptrend, todays breakout of the round resistance level 5.0000 and the strong bullish sentiment affecting the crypto cryptocurrency today, Near cryptocurrency can be expected rise further toward the next resistance level 5.5000.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
