Apollo_CB

NEAR forms a long-term channel

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BINANCE:NEARUSD   NEAR
Sideways channels are generally more reliable than diagonal channels. After wicking to a weekly demand zone, Near finds itself in a large range from early March. A large amount of resistance is in its path which I circled on the left side. This may be why you see wicks attempting the topside of the channel with no candle bodies. Once this area is eaten away I expect a very explosive move through this change. I believe once this breaks 10.8$ is a sure thing.

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