FxWirePro- NEARUSD (Chart of the day)

FxWirePro- NEARUSD (Chart of the day)

NEAR is a user-friendly and carbon-neutral blockchain, built from the ground up to be performant, secure, and infinitely scalable. NEAR is a platform for running applications that have access to a shared — and secure — pool of money, identity, and data that is owned by their users.

Consensus mechanism- Thresholded Proof-of-Stake

Main features -

TPS- Upto 100000

Block time finality-Immediate

NEARUSD showed a minor jump after a minor consolidation.

Any daily close above $9 confirms further bullishness.

NEARUSD jumped more than 25% in the past five days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $7.534 and is currently trading around $7.480.

The bullish invalidation can happen if the pair closes below $5. On the lower side, the near-term support is $6.70. Any break below targets $6/$5.20. Significant downtrend if it breaks $5

 The immediate resistance stands at around $9. Any breach above confirms bullish continuation. A jump to $10/$15  is possible. A surge past $15 will take it to $25.

It is good to buy on dips around $6 with SL around $5 for TP of $10.