✴️ NEAR Protocol | BULLS ConfirmedNEAR started the year challenging EMA50... The first time being 5th January.
NEARUSDT fought with this resistance for a few days until yesterday, 11-Jan., when the bullish bias was confirmed through a full green candle... when this level was conquered.
Oh wait... This is was supposed to be an update to this previous trade idea, see below:
We already predicted that NEAR Protocol hit bottom... No surprise now it goes up; More to come!
Patience is key.
Namaste.
NEAR
✴️ NEAR Protocol Hits Bottom | Volume Analysis (211% Potential)We will now entertain ourselves with a different type of signal...
Normally we look at the RSI, EMA50, Candlesticks and what not; Let's make it a little bit different this time.
NEAR Protocol (NEARUSDT) dropped by 94.42% from its All-Time High (-94%).
How do I know if this is the bottom?
The peak was hit in late 2021, afterward we have the bear cycle/bear market/correction phase.
- As this phase approaches volume increase, it is still strong (1st wave).
- As this phase intensifies, volume reaches its highest level (3rd wave).
- As this phase reaches its end (bottom), volume goes lower (5th wave).
New lows being hit as volume decreases signals that the trend is coming to an end.
Since we have above average volume in the last three days as NEARUSDT breaks above EMA10... These signals are telling us that things are about to change.
How was it?
Very simple...
Simple is awesome...
Simple is jus great!
Thank you for reading.
Namaste.
✳️ NEAR Protocol VB, HL, hBD | Chart LanguageChart language.
The last 3D candle on the NEARBTC pair closed yesterday and we can appreciate a breakout in bull volume. The biggest volume bar since late November.
The RSI also hit its lowest point recently and when we look back to December 2020/January 2021 we can notice a "hidden" bullish divergence.
This happens when the RSI hit a lower low, long-term in this case, while the pair hit a higher low.
These are the three signals mentioned on the title:
1- Volume breakout (VB).
2- Long-term higher lows (HL).
3- Long-term hidden bullish divergence (hBD)...
Chart language.
The last candle with high volume closed above EMA10.
Telling us that the bulls are now playing NEAR Protocol and with the bulls playing we expect green.
One last little detail... NEARBTC corrected by 84.29% from its All-Time High.
There you have it... Another altcoins vs bitcoin pair that bottoms in the same range.
All this tells us that the upside has more probability next than red.
Easy 105% with additional potential long-term.
Thank you for reading.
If you enjoy the content feel sure to follow me and boost. 🚀👍
Namaste.
Double bottom patternNEAR has registered a 16% price growth in the past day. Its price has formed a double bottom pattern on its support level in the range of $1.30 to $1.17. Confirmation of the pattern by breaking the $1.37 range caused the NEAR pump and price growth to the $1.66 range. This strong reversal can become a trend reversal wave in the daily time frame. But it has made the 4-hour time trend upward. Therefore, in the 4-hour timeframe, pullbacks towards the support of the $1.37 to $1.44 range can be associated with a positive reaction. Therefore, after the pullback, we can expect another upward movement to the range of $1.75.
NEAR Protocol Analyze (Road Map)!!!🗺️(+250%😱)❗️❓Today, let's look at NEAR Protocol's road map🗺️.
What Is NEAR Protocol (NEAR)❗️❓
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NEAR Protocol is running on descending channel for about one year.
Also, If we look at the NEAR Protocol by Elliott waves theory. It is running on microwave 4 of microwave 5 of main wave A.
I tried to show you the end of main wave A in my chart.
🔆Suggestion: If you want to add NEAR to your portfolio, you can wait to break the upper line of descending channel or when NEAR touches my target(zone) for the end of main wave A.
NEAR Protocol Analyze ( NEARUSDT ) Timeframe Daily⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Will FED be #NEAR sighted and whack NEAR COIN? ⚔️NEAR/USD -12HR
Head and Shoulders pattern forming.
If the neckline is broken and confirmed, a measured target would be in the mid to low $2 range
Fed meeting tomorrow could be the catalyst to invalidate the pattern or cause the break down. 👀
Short on confirmation, neutral until then.
NEAR SCALP LONGHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the NEAR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NEAR Short Position Chance with Huge R/RHow is it going My Trader Friends?!
Last night's work was close to the full Target 🔥😍 and it was more than 500% 🧮 profit for us the Position was Closed on Full Target at 1.23 $ with over 500% Profit!!
Due to the severity of the fall, we could hold the position and accompanied it for the second target, but we had already planted it and it was applied to our position before.
So, The friends who can still not close their short position can move the target to $1, and the rest of the Traders can also add to Their Basker at a higher level as the market goes, following the capital management and this time with the lower risk 📍
We suggest that if you closed your position last night with a significant profit of 500%, do not rush and look for a safe entry to the house in the specified Fibonacci range.
Keep Calm and Follow the Trades.
NEAR will explode soonHello, dear traders. how are you ? Today we have a setup to buy/long the NEAR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Support at 1.614 is required for a bullish reversal...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(NEARBTC 1W Chart)
When you touch the area around 0.0000 6980 ~ 0.0000 8289, which is the section where you can get the power of the last rise, and rise, you need to check whether the HA-Low line will fall and be created.
There are no trades available at the current price position.
--------------------------------------
(NEARUSDT 1W Chart)
The important point is whether it can be supported near 1.614, which is the newly formed volume profile section, and can rise above 2.792.
(1D chart)
It is necessary to confirm that it can receive support around 1.614 and rise above the MS-Signal indicator.
If it falls below 1.614, it is highly likely that the downtrend will continue, so you need to think about how to react.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
NEARUSDT 4HFrom the 5th of November to the 21st of November it corrected 58.50%, formed a triangle and accumulation and broke to the top. It is now on a journey to MM200. Its next target on the 4th hour is in the region of 1,815.00 (upper edge of the Keltner channel), after which it should correct to 1,763 and gain momentum towards 2012 in the MM200 region.