BUY IDEA NEAR/USDTAccording to recent price movements, we can expect an upward movement in the specified support area
NEARUSDT.PS trade ideas
NEARUSDT in Bulllish TrendNear Protocol is a crypto asset which fell 44% between April 9-16 but has reversed its course since then and printing HHs and HLs consistently. Since there is no divergence therefore trend most probably will continue as per technicals and a trend trade is possible at CMP or a buy limit order can also be placed at Golden Fib ratio price level. All levels are on the chart,
NEARUSDT - Bullish TrendA simple bullish Tredn with HH and HL is in progress. No divergence on RSI indicating the trend will continue.
NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure.
We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021.
If the asset falls below the third valley then the setup is invalid.
As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future.
Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
NEAR LONG SPOTbuy limit orders in red zone
take profit upon reaching the price value according to the analysis on the chart
correction time😶🌫️As we see on a daily basis, their volume has decreased and the size of the candlestick has become smaller, and as a result, we are looking for a fall.
Brief and useful😉
⚠️Do capital management⚠️
Dily Trading Plan for BTC SOL NEARPlease view and review my daily trading plan for BTC SOL NEAR and please leave a comment
#NEAR Weekly timeframe movement scenarioAt time W1, after exiting the tram and breaking the bearish structure with a powerful spike candle, this corrective form can be a pullback to the broken structure. Therefore, after breaking the 3.13 range, it will first move towards $5, and then in the daily time, the first red box supply area and in the W1 time, the second red box area will be the next supply area.
NEARUSDT shortLooks like flat with upper deviation.
Can expect 0.5 and full flat, but will try to take 3R only
absolute chartist ideathis idea is pure chartism, there is a trendline which has been surpassed and now it has been retested now its seem like its time to go to the ressistance althought there is an inverted head and shoulders
NEAR IH&S to $10-11Last week NEAR completed an inverted head and shoulder pattern. The breakout had good volume and over the weekend we have retested the pattern's neckline, confirming it as support. I anticipate price to begin moving up to the target area.
Near, too far? Elliott wave and Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
Busted above this level before.
Now its coming back for a retest.
That combined with the Elliott wave count.
I think there could be a bounce here, for at least one more move to the most recent high. If price breaks below 7.70 swiftly, I think it may turn back into resistance.
📈Trading Strategy for NEAR : Long and Short Opportunities🪄🔍Let’s dive into today’s analysis. Bitcoin continues its correction phase from its recent uptrend, and with the weekend ahead, we anticipate the market will remain range-bound. Today, our analysis focuses on NEAR Protocol, one of the top crypto projects ranked 17th in the market. This project serves as infrastructure for other crypto projects and is trusted and utilized by notable teams such as Arbitrum, Polygon, and Eigen Layer, significantly enhancing its market influence.
🧩In higher time frames like the daily and weekly charts, the trend is undeniably bullish. However, on the 4-hour chart, we see a prolonged range box. After a false breakout to the downside, the price regained upward momentum but still lacks the necessary strength to break out of the range box and is currently consolidating at the top. The 25 SMA has approached the price, which could inject new momentum into the market. But since it's Saturday, significant market movement is unlikely. Nevertheless, the arrival of the 25 SMA could trigger another bullish leg.
🎲Currently, the RSI does not provide a clear long trigger. However, if the price breaks above 74.53, and you have an existing position, it is advisable to hold it, as this could lead to a substantial sharp move. A breakout of 8.507, followed by the RSI resistance breakout, might signal the start of the next weekly time frame rally. Therefore, don’t hesitate to hold your position if 8.507 is broken, and don't worry about potential stop-outs. A successful breakout could hit long-term targets, making the risk worthwhile. The targets for a long position could be 10.396 and 13.034.
📉For short triggers, the nearest trigger is 7.837. If the price tests this level and breaks it on a second attempt, I will open a short position and quickly secure profits due to the overall bullish market momentum. The next short trigger comes after breaking the trend and a breakdown below 6.676, where you can open a position targeting the bottom of the range box. An RSI trigger can be identified at 43.87, and a breakdown below this level could confirm the entry of bearish momentum into the market.
📊Regarding volume, it is currently in favor of buyers. The volume has increased with rising prices and decreased during corrections, indicating weak selling pressure.
📝In summary, NEAR Protocol shows strong long-term bullish potential, with key levels to watch for both long and short positions. While the market may remain subdued over the weekend, significant moves could occur with the break of critical levels identified. Proper risk management and attention to volume trends will be essential in navigating these trades successfully.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
NEAR'S STILL WATER MIGHT BE RUNNING DEEPBINANCE:NEARUSDT is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep"
There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI) which has pushed price to $4.7 followed a strong hidden divergence on the daily RSI after the correction to $2.45 leading the price to it current state and possibly beyond.
The technical obstacle here is if the previous support level becomes resistance else expect 200% surge from current price. The invalidation level (red dotted line) for this scenario is at $1.74.
Overall, on the primary degree or call it macro view, it looks like we have completed wave B/2-cyan which retraced almost 80$ Fibonacci level (very close to the ALL TIME LOW) and we are presently on the journey to wave C/3-cyan
OTHER ANALYSIS
NEAR Protocol Eyes Critical Resistance: Breakout or Pullback?As NEAR Protocol (NEAR/USDT) continues its bullish ascent, NEAR approaches a crucial resistance level at $8.443.
Support Levels:
$4.944 : A significant support level that has been tested multiple times, acting as a strong floor during the recent uptrend.
$2.714 : Another support level that was respected during the downtrend and recovery phase.
$0.997 : This level marks the lowest point on the chart, providing a major long-term support.
Resistance Levels:
$8.443 : The current price is approaching this resistance level, which aligns with previous peaks and consolidations.
$17.024 : A historical high that could act as a strong resistance if the price continues to rise.
Potential Scenarios :
Bullish Case : If the price breaks above the $8.443 resistance, it could target higher resistance levels, potentially moving towards $13.00 and then $17.024.
Bearish Case : If the price fails to break the $8.443 resistance and reverses, it might retest lower support levels like $4.944 or even $2.714.
Near - short ideaLooking at this short on NEAR the strucuture remains bearish and for now it doesn't seem to flip bullish. I am looking for either the FVG or the 2H supply to hold. If this works out the target is $6.65 ✅
NEARING A HEAD AND SHOULDER PATTERNIn this idea, I'll tackle the bullish pattern, inverse head and shoulders forming for $BINANCE:NEARUSDT. Currently, it is sitting on the neckline, and I've been monitoring this coin two days ago. I'm now lending this idea as it could have a potential for a breakout anytime soon. More details for the technical analysis for NEAR in my idea threads below. Stay tuned :)
NEAR PUMP!Hi Everyone!
NEAR Analyze ( NEARUSDT.P), 4-hours time frame ⏰
NEAR looks like making HnS Pattern
The breakout from the HnS pattern presents a potential buy setup
- if NEAR can continue pump, first target is 8.920
- and You can Buy on Breakout 7.685
- or buy on support 6.785
GoodLuck Guys!
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NEAR/USDT inverse head and shouldersNEAR/USDT looks bullish + inverse head and shoulders pattern. Looking for these targets next.
NEAR 80% potential profit!NEAR has reached resistance and has an ascending local structure. Additionally, we see a huge volume from the bottom for buying. The chart looks very similar to PEPE (attached below). We can look for an entry point after confirmation above the resistance.
#NEAR/USDT breaks the Diagonal Trendline & holding above it in 4#NEAR/USDT breaks the Diagonal Trendline & holding above it in 4-Hour TF!
AMEX:NEAR needs to hold this trendline to gain bullish momentum. The local resistance level is PMH $7.71 and the support level is PWL $6.8.
