$NEAR is ready to flyAMEX:NEAR USDT LONG
AMEX:NEAR is the perfect example of accumulation > breakout > retest and continuation
NEARUSDT.PS trade ideas
Trade Setup: NEAR Long PositionMarket Context:
NEAR is part of the newly formed Grayscale Decentralized AI Fund and has shown significant relative strength. However, the rapid rise suggests a potential throwback.
Trade Parameters:
Entry: Enter the trade around the support level of $5.7.
Take Profit:
First target: $6.6
Second target: $7.5
Third target: $8.4
Stop Loss: Place the stop loss just below $5.2.
📊 Monitor the price action for confirmation of support levels and be prepared to adjust based on market dynamics. #NEAR #CryptoTrading #TradeSetup 🎯
LONG POSITION IN NEAR/USDTIn case of market correction, we can enter the long position at the specified entry points.
It is clear that risk management is followed.
price failed to break above the gap On the weekly timeframe, the price failed to break above the gap and settled below the 50% Fibonacci level. This week, the price shows weakness at the new gap. Therefore, I will look for quick short-term sell opportunities before considering suitable buy positions.
price failed to break above the gap On the weekly timeframe, the price failed to break above the gap and settled below the 50% Fibonacci level. This week, the price shows weakness at the new gap. Therefore, I will look for quick short-term sell opportunities before considering suitable buy positions.
NEAR - A quick long trade for the continued trend.#NEAR/USDT #Analysis
Description
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+ The trend that began after hitting the support zone is continuing, and we can expect it to reach the resistance zone soon.
+ This presents a quick trade opportunity.
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VectorAlgo Trade Details
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Entry Price:5.534 - 6.254
Stop Loss: 4.986
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Target 1: 6.816
Target 2: 7.624
Target 3: 9.019
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
NEAR - UPDATE
No doubt we are in an uptrend for BINANCE:NEARUSDT and this might just be a nested 1-2/1-2 which is super bullish reaching as far as $40. Now we are at a crossroads and if this scenario is valid from here we should se price retrace to the 50 - 78% Fibonacci level to form either wave 2-blue for the leading diagonal wave 1-blue or a deeper retracement down and out of the channel to $4.26 turning the whole process from wave 1-orange down to that point to become a Flat pattern. Overall NEAR PROTOCOL IS BULLISH
There are some other scenario that are highlighted as 12345-white and or A and C-green but don't bother about it if it is to complex for you to understand, just focus on the main narrative which is the one I've explained above.
The good entry/accumulation point are the highlighted Fibonacci zones as seen on the chart.
There are 2 invalidation level on the chart. One is for the 12345-white and 12345-blue. If you believe in this scenario you entry should be within the first Fibonacci level and price must not cross the last swing high $4.280 while the second invalidation level is for the 12345-yellow and orange. If you believe in the 1-2/1-2 scenario.
Each invalidation level depends on the type of trader you're and how much risk tolerance you trading style can tolerate.
Feel free to ask question if you don't understand anything here and don't forget to react.
OTHER ANALYSIS
BINANCE:ACAUSDT
BINANCE:PEOPLEUSDT
FX:USDJPY
NEARUSDT LONG MONTHLY TIMEFRAME-Great reaction on the sweep of the range low with monthly and weekly 10 and 21 emas still holding and didn't cross bullish
- You can place stop below last low but I'm taking the conservative approach and will only liquidate if there is weekly close below monthly demand and 0.3 fib main support.
- Target is new all time high
- Trade can take a long time since it's the monthly time frame, from here till the monthly demand and 0.3 is the buy area
Near - 4$ bounce play4$ would give a nice entry for a proper bounce trade. Could take a few more days to get there, maybe next week, but I will patiently wait for this setup. Not sure how high its going to bounce, might take profits after 50%, it could go a bit higher but I will leave the rest for the gamblers and FOMO plebs. ;-)
Stay safe!
Potential Short Position NEAR/USDT on the daily timeframe highlights the Wyckoff phases A, B, and C, indicating a potential short position setup. In Phase A, there is a break of structure (BOS) followed by a sign of weakness (SOW), suggesting initial bearish pressure. Phase B shows multiple tests of resistance and support levels, forming lower highs (CHoCH) and lower lows, signaling further consolidation and distribution.
In Phase C, the final sign of weakness (LPSY) is evident as the upward trendline is broken, leading to a sharp decline in price towards lower support levels. The target price is set at 4.459 USDT, with a risk/reward ratio of 3.4. Key price levels include 6.029 USDT and 4.813 USDT, with a strong support zone around 2.670 USDT, making this a compelling short position opportunity.
NEAR bullflag on weekly TFNEAR / USDT
Near was a strong coin in bullmarket months
Currently its showing strength with bullflag in weekly TF suggesting more bullish potential in coming weeks
Best of wishes
Is NEARUSDT About to Skyrocket? Critical Levels You Can't Miss!Yello, Paradisers! Have you been keeping an eye on #NEARUSDT lately? If not, now's the time to pay attention.
💎#NEARUSDT is currently trading within a demand zone, raising the high probability of a bullish move. The token has been following a descending resistance trajectory for a while. Now, it's showing strong momentum within this demand zone. If #NEARPROTOCOL continues to sustain this momentum, it may target the key resistance level at $5.624.
💎If #NEARUSD reaches $5.624, we could see a potential rejection at this resistance level. In this scenario, we'll wait for the price to retest the descending resistance. A successful retest would confirm a strong bullish move. Sustained upward momentum could lead to a breakthrough above $5.624, marking a significant bullish shift.
💎However, what if AMEX:NEAR loses momentum and drops below the previous low? This would invalidate the bullish outlook, potentially leading to a significant price drop.
Stick to your strategy and keep mastering your willpower. Be the 20% that outperforms the rest!
MyCryptoParadise
iFeel the success🌴
NEAR USDTNEAR/USDT Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 5.075
Remember stop loss is your friend. Everything is on the chart.
Entry 5.075
S.L 4.815
T.P 1 5.229
T.P 2 5.414
T.P 3 5.597
Near/USDT Reversal ContinueNear Protocol looks to be bottomed out and now reversing from low of 4 in the first week of July now its at 5.43. Its going to be a swing trade and may go up to recent high of 9$ that was in March this year. But huge potential considering BTC is also reversing so are all crypto currencies.
NEARUSDT TREND REVERSALNear Protocol looks to be bottomed out and now reversing from low of 4 in the first week of July now its at 5.43. Its going to be a swing trade and may go up to recent high of 9$ that was in March this year. But huge potential considering BTC is also reversing so are all crypto currencies.
Unlocking Hidden Potential: NEAR Technical AnalysisNEAR Technical Analysis
The price has been following a descending trend line(Red) and recently found a major support zone(Yellow) at $4.18 – $4.295. The dotted line at 4.441 is also acting as a good support. After touching this support, the price has bounced back and is currently testing the trend line.
The key resistance zone(Green) is identified around the $5.586 – $5.743, which has acted as a strong resistance zone in the past. The price has struggled to break above this zone multiple times, suggesting it is a significant level to watch.
Potential scenarios
Bullish Scenario
If the price breaks above the descending trend line it could move towards the resistance zone in Green at $5.586 – $5.743.This green zone is major resistance to moving the price upwards. After a breakout from this zone, the price could move toward the next resistance zone in Blue at $6.675 – $6.897.A breakout above this level could indicate a reversal of the downtrend and a possible continuation to higher levels.
Consolidation Scenario
If the price gets rejected at the descending trend line or the resistance zone in Green, it might consolidate between $4.441 and the Green zone. This consolidation phase could last until the market decides on the next significant move. Price could also take support at the Yellow zone and from there it will bounce back according to our analysis.
Bearish Scenario
If the price fails to sustain above the current support level of $4.441, it could lead to a further decline towards the yellow zone at $4.148 – $4.295. If this Yellow zone fails to hold the price then, this would indicate a continuation of the bearish trend.
Volume is also a critical factor to monitor. Increased volume on a breakout above the resistance levels could confirm the bullish scenario, while low volume might indicate a lack of conviction among traders.
NEAR/USDT is at a critical juncture, with key resistance and support levels that will likely dictate the next major move. Traders should watch these levels closely and consider volume trends to gauge market sentiment.
NEARNEAR breakout symmetric triangle up side and moved up. Mitigated this orderblock (2) and moved down. Order block (3) is next resistance zone. If this zone was fail, NEAR moving up.
NEAR ANALYSIS🔮 #NEAR Analysis 🚀🚀
In 12hr timeframe, falling wedge pattern is forming ✅
Right now, #NEAR is around its descending trendline zone 🚀 🚀 if #NEAR breaks the pattern then we will be target for 50% in few weeks but before that there may be a small dump of 5-10% 💸 💯🚀
💸Current Price -- $4.836
📈Target Price -- $7.546
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#NEAR #Cryptocurrency #DYOR
