Will the price remain stable or dry up next time?

On August 5th in the Kryptowelt NEAR also remained untouched and experienced a German short-term trend, but with a price level of 3.215 US-Dollar Support (red line in the chart) could be found. Observe the VPVR (Volume Profile Visible Range) on the NEAR day chart, so it is known that you can achieve a higher trading volume at that level and NEAR can keep the day-end price below the Point of Control (POC) assured.

After the climb, there were NEAR swaying movements, the 800-day EMA in a break, one of which is a widening at 4,301 US dollars. If the support for Bitcoin breaks and the price of the 800-day EMA leader dies, it will NEARLY die with the next few weeks and possibly through the 800-day EMA. After a break, it could be near a wider position of 4,920 US dollars and hit the 50-day EMA. The support for Bitcoin has not broken yet, but can be expected near a value of 3,215 US dollars.

CLOSE: Indicators with clear direction

Falls of the 50-EMA in the 4-hour chart NEAR to under pressure and the green support line at 3.937 US dollars can no longer stop, NEAR can no longer indicate the blue support box, which is between 3.076 and 3.260 US dollars. The RSI on the 4-hour chart is at 48.5 points, was a great value, a little in the oversold as well as in the oversold that you need. The MACD on the 4-hour chart said that the negative momentum in the histogram is good in the positive view of the mountains.

About the author

Bastian Keller (Bitbull) has been the owner of the Forex market since 2015 and has been a major trader on the Crypto market since 2018. This expertise is active on various social media platforms, including the YouTube channel “Bitbull Trading”, with more than 60,000 subscriptions. Recently, Bitbull launched the TradeMania platform, which launched Crypto Trading.