NEAR/USDT 15m timeframeaccording to an Elliot wave ;
- NEAR could retrace to the target area which is between the 0.5 & 0.618 fib levels of the Elliot wave A
- there is also a bearish TK cross and a double top which supports this
- i dont think the fib level will hold as its just had a new ATH and is overly volatile
NEAR
NEAR 3 waveHere we go, everyone, a chart on NEAR, as many have requested.
NEAR is in a strong uptrend well above its two means of 50 days MA and 200 days MA. By dividing the price pattern in waves, we can appreciate that NEAR is well into the 3rd wave of primary degree. This has started earlier compared to other crypto and BTC. As you can see from the chart, I am now expecting a retracement around the 21-22 area due to be the 160% extension of manor wave 1, the usual target for wave 3. After that, I expect a retracement to around 14-15, which correspond to the 0.38 of minor wave 3. It is also where the last correction (Flat, ranging) is before the new all-time high. There will also probably sit the 50MA. If the price there will break by 13$, we can expect a revisit of the middle of the EW channel around 10.
As you can appreciate, I then expect NEAR to go to 31.
Also, we can notice a bearish divergence unfolding on the daily frame. However, I would wait for a new high to settle in with a bearish pattern before playing this divergence.
Volume has also picked up the pace on the break-out, which gives confidence about the move. However, always remember to wait for confirmations and place your stop losses.
I wouldn't enter now but wait for a meaningful retracement.
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BITCOIN Daily TA : 01.14.22 : $BTCPossible trend of BITCOIN ... All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
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👤 Arman Shaban : @ArmanShabanTrading
📅 14.Jan.22
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NEAR could be headed to $18Near protocol has been very bullish lately, and I see a potential inverted head and shoulders pattern on the daily chart. Its also near its ATH, so a break above will trigger price discovery. The measured move of the Inverted head and shoulders would take it to around $18, which interesting there is a wick up to $18 that u can see on the chart (looks like someone did a huge market order buy). It could fail to push thru ATH, and invalidate the inverted head and shoulders, so nothing is guaranteed.
Do your own research, not financial advice.
$NEAR/USDT 3h (Binance Futures) Ascending channel on supportNEAR Protocol is up-trending and successfully retested 200MA, another leg-up is likely.
Current Price= 10.0721
Buy Entry= 9.8603 - 9.0601
Take Profit= 12.6445 | 15.2421 | 18.9276
Stop Loss= 7.6354
Risk/Reward= 1:1.75 | 1:3.17 | 1:5.19
Expected Profit= +33.66% | +61.12% | +100.08%
Possible Loss= -19.29%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Website: near.org
Contracts:
#Mainnet
#BEP20 0x1fa4a73a3f0133f0025378af00236f3abdee5d63
NEAR/USDT ChartHi. I try to post often so if you could follow and like the idea it would mean a lot to me. I will start streaming on Tradingview on friday.
NEAR is very bullish right now broking the 16.30$ area and heading towards the 20$ target. Overall market conditions looks good to bullish altcoins move so we don't expect a BTC chop right now. In the 1D chart we can confirm a great volume in the last 2 days so I believe in the 20$ target. 4H chart also looks preety good so no problem there. 1H chart has a bearidh divergence but I dont expect a correction that can affect the bullish bias of the coin. Comment what you think.
I will do my first test stream on friday at 16H UK time so follow and come to the stream. I will answer questions and talk abou the market. Hope to see you there!
Bullish momentum, but needs a cooldownNEAR may still have some juice in the tank vs BTC, but we're entering buyer exhaustion on the daily chart. Too much risk to enter long here with the way I trade. I'm anticipating a bullish cooldown, perhaps back to the 50 EMA, in the next couple weeks and will look for a potential entry.
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These are my personal views and not financial advice. Please do your own research before investing.
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Near is on its way to ATH$near #near looking at 17.74 as next target. H4 close above diagonal trendline and daily close should be above golden pocket and potentially .786 which would support another leg up. 1.618 would be next stop if not rejected at 1.272.
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1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
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