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 consolidated in a narrow range after a massive jump.

Any daily close above $9 confirms further bullishness.

NEARUSD jumped more than 75% in the past two weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $7.54 and is currently trading around $7.245.

The bullish invalidation can happen if the pair closes below $4.30. On the lower side, the near-term support is $6.60. Any break below targets $6/$5.20. Significant downtrend if it breaks $5.

The immediate resistance stands at around $8.10. Any breach above confirms bullish continuation. A jump to $9/$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 $4.30 for TP of $10.