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NEAR / TetherUS

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NEARUSDT trade ideas

Embrace the PossibilitiesDuring the past month, NEAR has shown a range-bound trend, with its current price trading around $1.39. Notably, the roof of the main descending channel has now turned into a temporary support after being breached. Additionally, the price has encountered resistance around $1.35, preventing it from declining on two occasions. There is a possibility of a twin bottom pattern forming within this range, but confirmation would require the price to rebound above $1.40. There is potential for a retest of the range channel's upper boundary. The currency's critical support level lies in the range of $1.23 to $1.19, and if the price returns to this range, we can anticipate a positive reaction. The RSI level for NEAR is at 48, indicating a relatively balanced state between buyers and sellers, with the price neither strongly overbought nor oversold.
by MonoCoinSignal
4
NEARUSD technical analysisHello, In this post we'll be analyzing NEARUSD on the 4 hours timeframe. NEARUSD have been playing in this symmetrical for the last 60 days in the 4 hours time frame. The symmetrical triangle is known for being a trend continuing chart pattern. For the potential scenarios here we have two: On the first hand if we break upwards and we confirm it the target price is very high and that will be a big trade. On the second hand if we break downwards that'll be very bearish. In conclusion remember we can't trade inside a chart pattern we have to wait for a breakout. As of my personal opinion I'm not expecting a breakout before 15-20 days. And I think the first scenario is more likely. Your feedback matters! Leave a comment below with your thoughts or questions. Let's keep the discussion going and learn from each other. Happy trading! 🚀😊
by mikedargham
NEAR - getting ready for a strong exit from the downtrend?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ The NEAR coin, after a strong fall, was able to recover and exit the global downtrend by breaking through the global countertrend line. At the moment, there is a slight rebound in altcoins on the market, but soon everything can also change and we will again get a rollback in the NEAR coin to the $1.4-1.35 zone So here you need to act according to the situation, if you are going to speculate on a price increase, then I recommend waiting for a small rollback and already acting according to the situation. I take such coins in the long run with a leverage of no more than 1-2X
Long
by DanilBlinkov
Brief Analysis ——NEARThe brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP. In the upward process indicated by the green arrow, the strength of the bulls is not strong, and the length of the green candles is lower than that of the red candles in the previous decline. And the price has never recovered the losses caused by the SEC. After nearly half a month of volatility, the bulls launched an attack again last Thursday, but did not break through the previous high. The two upward pin-bars indicate resistance near the 1.5. But unlike Jun.26, after the pin-bar appeared this time, the bulls did not weaken and the price fluctuated at the current position for several days. Conclusion: The high probability rise has not ended. The price can still remain fluctuating after the bears strengthen. It is difficult to stop the rise at this position, so we give this conclusion. But NEAR remains bearish at a large level, so the increase will not be large. We set the resistance level at 1.6. We think the price may retest 1.6 again this week. And we set the support level at 1.3. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
3
🔥 NEAR Huge Falling Wedge Break OutNEAR has been trading bearish since the April top 2022. This trade is based on the premise that NEAR's bear market is over and that the price will move up in the future. Keep in mind to wait for the price to break through the top resistance of the pattern and close above it to confirm the break out. Target placed at the all-time highs, stop below the recent bear market lows. For less risky trade you could take (partial) profits around 6.00 and 8.00
Long
by FieryTrading
13