Near to Retrace momentarily
Merry Christmas Merchants of Near!
It’s an important news that the Christmas came with a pump. Nonetheless, a good knowledge of the market is required to stay aloof with price movement.
The fib trend extension analysis shows that price should get to $15.8 before a major retracement while the trend lines we left on this chart from previous analysis for monitoring price movements show that price should retrace at $14.9.
With the Fib retracement tool, we have been able to measure where this retracement should lead to before resuming the bullish movement.
Price should retrace down to $12.5 on its first move and on a persistent supply price should get to $11.0
Definitely, we are sure to see price dropping off this weekend.
Goodluck trading!!!
It’s an important news that the Christmas came with a pump. Nonetheless, a good knowledge of the market is required to stay aloof with price movement.
The fib trend extension analysis shows that price should get to $15.8 before a major retracement while the trend lines we left on this chart from previous analysis for monitoring price movements show that price should retrace at $14.9.
With the Fib retracement tool, we have been able to measure where this retracement should lead to before resuming the bullish movement.
Price should retrace down to $12.5 on its first move and on a persistent supply price should get to $11.0
Definitely, we are sure to see price dropping off this weekend.
Goodluck trading!!!
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