NEARUSDT RECLAIMING RESISTANCE LEVEL AT 12$?Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- NEAR Protocol account. A climate-neutral, high-speed, and low transaction fee layer-1 Blockchain platform.
- NEARUSDT is approaching on 1D time chart frame towards an important S/R level on 12$, after bouncing back strongly from level of support 10$ ( psychological support ) , NEARUSDT is up 14% since 48 hrs creating
a bullish sentiment , where buyers had successfully defended the support level 10$ taking price higher along with a decent amount of volume.
- In order for the reversal trend to be successful we need to see buyers reclaiming level S/R 12$ , breaking up the last swing low, the daily candle should close above that level in order to confirm the buyers strength,
price might get rejected as well taking it back to level support 10$ and even lower which will confirm that sellers are still in control and we still are in an downtrend.
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NEARUSDT
NEARUSDT FORCAST- on the weekly chart : a very big red candle shows a strong presence of the sellers
- on the daily chart : bearish movement with great momentum sees a slight buyers attack from today
- personal opinion : even tho the bullish movement of today . it still to weak to stop or reverse the trend
- best move : sell for a short term profit . not advise for long time investment
NEAR-Stay in the channel for a while!!Hello everyone
In the past week we had almost 28% fall of the price which brought the market a lot of liquidity and insured a healthy market.
I think we may see lower prices for NEARUSDT which can be the continuation of bear channel in 4 hours time frame ,but if we look at it with positively we may get an IOI (inside, outside, inside) pattern or a pinbar (set of 3 bars)and have a reversal in the next couple of days.
For now , we have support level of 12.5$( it's more likely to break)and 12$ and we have the resistance level of 13.55$.
NEAR PROTOCOL close to support area 💡📖As I mentioned in my previous analysis ✔️
the price hit the target and based on our explanation by losing the trend line has started to dump 💣🐋
and now
forming the descending channel and downtrend movement ✔️
the price
is close to channel support and the support area, we can see brief gain from here 🚀
and if
we lose the supports here, we will see more correction to the downside ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
NEARNear is trading in a horizontal range. Currently, it is on horizonal and trendline support. A short term trade can be taken if it closes a 4h candle above 15.8 for 17.2. However, breaking below the consolidation i.e. 4h closing below 14.5 will trigger a short call towards 12.55. Keep it in the watchlist.
NEAR/USDT : Consolidating into a RANGEBYBIT:NEARUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$NEAR has formed a wide range channel which has held the pair for 25 days.
Now it has gained bullish momentum once again as it's broken above the range's mid!
But so; As we all know, There'll be always fake-out or deviations...
In terms of possible rejections, I just mentioned the two possible scenarios to trade with :
- Be noticed that both of them need active management with tight SL and multiple targets!
📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line.
- Be advised that the SL should be located below the Range's mid with active management!
📉 Bearish scenario: $BTC has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows...
In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line.
- Be advised that the SL should be located above the S/R line at $15.1 with active management!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
$NEAR H&S Warning!After up treding for several weeks, $NEAR could't print a new higher high and now price is in a correction phase bofere an impulse to the down side to print the new lower low!
I am only taking this trade after a daily close below neckline of the H&S pattern. If price bounced from the neckline I will be waiting for the short in the shoulders resistance if market bias is still bearish (Talking about $BTC)
NEAR Protocol (NEAR) - April 25hello?
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(NEARUSDT 1D Chart)
(buy)
- After confirming the support around 13.495
(Stop Loss)
- When it falls below 12.780 and receives resistance
- When it falls below 11.120
(Sell)
- When receiving resistance near 16.480
- When receiving resistance in the section 20.180-21.414
Support is found near 14.752 and is likely to move higher.
However, it is difficult to set Stop Loss at this point, and it is a moving point, so I think it is better not to buy it.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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NEAR BullflagConsidering this whole upper structure as a bullflag, ultimately leading to continuation of the previous bull market
The alternative outcome is that the formation acts as a double top and price comes back to the channel
The bullish state of the indicator on this daily frame is welcomed although
Near Protocol Long For Long TermAs it is shown on the chart Near is on a daily support Line
For me it is the best place to enter is Now at 15 USD and I think
it is going to be on the Top 10 Coins in the near future so I am buying more now and
it is on the Top 3 Highest Holdings (1. BTC 2.. ETH 3. NEAR) in my Portfolio and I am thinking
to Hold it until 2025 and my final target range is (80 to 200 USD)
This is my humble opinion what do you think