BitcoinForex (SPOT)

Near Protocol ($NEAR): Perfect Swing! ..but what’s next?

Our latest analysis appears to have been correct, and Protocol Near ($NEAR) has triggered the expected swing on the intraday and daily charts. That said, they are currently confirming our view, but we need some updates in the near term. If we look at the hourly chart, $NEAR has correctly triggered a deep bearish leg as expected after reaching the Top (12345). At the same time, we see that the invalidation support has not been broken, and this keeps the swing still valid. The near-term technical backdrop remains uncertain and only a force above the previous Top will invalidate the corrective structure at play.

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