I expect NEAR to rise to $2.12Hello everyone! I have a great idea regarding NEAR.
With the recent upward movement, NEAR has broken out of the accumulation zone, surpassing the first major resistance level, as well as the nearest strong Fibonacci level of 0.236 and the 200-day moving average (EMA 200).
Currently, the asset is within another range of resistance/support, and in a bullish market, it should easily overcome this level.
I believe that the asset is currently in a good range for buying opportunities.
On the chart, the blue horizontal lines indicate other areas of resistance/support for the price.
My final target is a growth up to the 0.618 Fibonacci level, which would bring a profit of 41%.
I also see the possibility of further upward movement towards $2.4 and $2.7.
All targets are shown on the chart.
Please note that this is not financial advice, and any actions you take are at your own risk!
NEAR
NEAR/USDT Continue Upward Momentum ?? NEAR Analysis Today💎 NEAR has undoubtedly seized our attention with its remarkable rally, initiating a strong upward movement from $0.97 and effortlessly breaking through the descending channel pattern. Observing the chart, NEAR appears to be in a legitimate retesting phase, positioning it to potentially extend its upward trajectory.
💎 Currently, NEAR is approaching a critical juncture at the supply zone. Failure to penetrate this area could prompt a retracement to the demand zone for NEAR to regroup and build fresh momentum. This development could be beneficial, considering that, from a broader timeframe perspective, NEAR hasn't undergone a correction phase yet.
💎 Conversely, should NEAR manage to breach the supply zone promptly, Probability could set its sights on reaching further targets, including the next supply zone and the bearish OB.
💎 However, there's a downside scenario to consider. If NEAR retraces to the demand zone and fails to sustain its position, leading to a breakdown, it could signal a bearish turn. In this case, NEAR might set a downward course towards the next support level. This stage is critical, as NEAR would need a substantial rebound to reassert itself above the support level or risk a further descent towards the key support zone, potentially intensifying the bearish sentiment.
NEARUSDT.1DBased on the provided market data, the NEAR/USDT pair is currently in a strong uptrend, as suggested by the high Relative Strength Index (RSI) readings on both the 4-hour (85.90) and 1-day (86.66) charts. These RSI values are above the commonly used overbought threshold of 70, which often suggests that an asset may be getting overvalued and that a price correction could occur in the near future. However, it's important to note that assets can remain overbought for extended periods during strong uptrends.
The Moving Average Convergence Divergence (MACD) is positive on both 4-hour and 1-day charts, further confirming the ongoing bullish momentum. However, the MACD on the 7-day chart is negative, suggesting that the long-term trend is still bearish.
The price is currently trading close to the upper Bollinger Band (BB) on all three timeframes, which usually indicates the asset is overbought. The supports and resistances indicate potential areas where the price could bounce or face rejection.
In conclusion, the NEAR/USDT pair is showing strong bullish momentum in the short-term, but the overbought conditions and the negative MACD on the 7-day chart suggest caution. It might be wise to wait for a potential price correction or for more bullish signs on the longer-term chart before considering a long position.
Please note that this is just a technical analysis perspective based on historical price patterns and indicators. It does not take into account fundamental factors or potential upcoming news events that might impact price. Always do your own research and consider your personal risk tolerance when making trading decisions.
NEAR / NEARUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
NEAR/USDT - NEAR Protocol: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the AMEX:NEAR / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 1.094 | 1.131 | 1.23, and the major support zones can be found at 0.995 | 0.933 | 0.834. Consider entering at the current price zone of 1.151 and targeting higher levels.
◰◲ General info :
▣ Name: NEAR Protocol
▣ Rank: 44
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: NEAR is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020. NEAR's bridge to Ethereum (called the Rainbow Bridge) launched in March 2021.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.151 ₮
▣ 24HVol: 22,726,465.007 ₮
▣ 24H Chng: 9.933%
▣ 7-Days Chng: 14.38%
▣ 1-Month Chng: 5.37%
▣ 3-Months Chng: -15.50%
◲◰ Pivot Points - Levels :
◥ Resistance: 1.094 | 1.131 | 1.23
◢ Support: 0.995 | 0.933 | 0.834
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.76
▣ Last 90D: -2.58
▣ Last 1-Y: -0.90
▣ Last 3-Y: 0.73
◲◰ Volatility :
▣ Last 30D: 0.36
▣ Last 90D: 0.39
▣ Last 1-Y: 0.81
▣ Last 3-Y: 1.34
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.57 - Bullish
▣ In-depth NEARUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Last support range: 0.830-1.528Hello?
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(NEARUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 1.99.
(1W chart)
The key is whether it can receive support and rise in the 0.830-1.528 range.
(1D chart)
Since the volume profile section is formed around 1.4124, the key is whether it can rise beyond this point.
If the price cannot be maintained by rising above 1.031, there is a high possibility of a new low, so caution is required.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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NEAR/USDT upward momentum? 👀 🚀 NEAR Today Analysis💎 Paradisers, turn your attention to NEARUSDT as it showcases intriguing dynamics, currently positioned within a demand zone and gearing up for a potential bullish ascent.
💎 Upon closer examination, we've noticed that NEAR recently touched the descending channel's resistance, which now serves as its supportive base. Furthermore, should the price surpass the 1.101 threshold, we anticipate a bullish trajectory that could challenge higher levels.
💎 On the flip side, if the price of Nearprotocol breaches the demand zone, it's likely to gravitate towards the support level. As always, strategize your trades with caution and foresight.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
🔥NEAR Is About to Brake a Huge Triangle❗Most of the holders of NEAR Protocol are now at painful loss. Of course, it's good for us and the whales who want to buy cheaper.
I wouldn't decline that the price will fall below the triangle for a moment, but it doesn't make any impact on a long term picture. Bull market soon!
💥remember that fear in crypto is our biggest friend
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Check the links and get a BONUS🎁 from me👇
Near on Verge Of Massive Breakout seems like near coin has already bottomed out and getting ready for massive breakout
formed descending channel in 3 days and testing trendline expecting breakout soon
incase of successful breakout expecting massive bullish wave in midterm expecting move towards 6$ in coming months
Important areas of support and resistance of the NEAR currencyThe NEAR currency is in a falling trend, and important support and resistance levels are expressed in this analysis, considering that it is near the ceiling of its downward trend, there is a possibility of a fall for this currency.
Safe entry points and average drawdown for this digital currency are specified in this chart.
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NEAR/USDT upward momentum? 👀🚀NEAR Today AnalysisParadisers! Gear up for an exciting opportunity with NEARUSDT. Currently, it's stationed in a demand zone and is on the verge of breaking out of a descending channel👀
💎 A few days back, we noticed that NEAR faced rejection three times at the 1.630$ level, which is a supply zone containing a bearish order block. Another key observation is the formation of a descending channel that's poised for an upward breach.
💎 At the moment, the price is consolidating within a narrow range. We're anticipating a breakout from this descending channel, which could propel NEARProtocol upwards. However, keep an eye on the invalidation zone at the 1.08$ level; a breach here could trigger a downward move
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
🔥 NEAR Big Upside Break Out Potential: Patience!NEAR has been consolidating inside this pattern for well over a year on this point. I'm anticipating big volume to appear once we will break out. Keep in mind that we will wait for the price to confirm the break out of the triangle. This signal will get invalidated once NEAR falls through the support.
Stop just below 1$, target at the August 2022 highs. This results in a trade with big upside potential and a very nice risk-reward of 15.61
SasanSeifi 💁♂️NEAR/USDT 👉3D 🔻 1570$/ 1446$In the 3-day long-term time frame, the price fell from the downward trend line. It is now trading in the price range of $1.27.
A scenario we can consider is that after a minor positive swing and a pullback. If selling is confirmed, the price is rejected from the Important resistance area of $1.30/$1.50.
In case of a positive fluctuation, to better understand the continuation of the trend, we should see how the price will react to the resistance ranges.
Otherwise, if the price stabilizes above the resistance ranges, the possibility of higher growth can be considered.
The correction targets are 0.95 /0.64. In my opinion, if confirmed, it could be an attractive range to buy.
❎ (DYOR)...⚠️⚜️
I will be glad to know your idea 🙂✌️
If you like my analysis, please Like and comment.🙏✌️
NEAR/USDT is on the Verge for a Bullish Rally | Near Analysis💎 NEARUSDT is on the cusp of breaking free from its descending channel, signaling a potential bullish ascent.
💎 Alongside this potential breakout, there's an imminent crossover with the 50 EMA. Should the price remain above this EMA, it could pave the way for a rewarding trade.
💎 NEAR is approaching a pullback zone for a retest. If this support falters, the downward trend might persist.
💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.