NEAR near a big breakoutNEARUSDT again near the highs. The more it touches these levels, the more likely it will break out. In the short term it might have a pullback but long term I see it going much higher. Like several other coins it was on that got several high profile listings early on, but didn't have a really big move. Personally I like low profile layer 1 protocols that could get listed on Coinbase and which haven't had huge moves yet.
NEARBTC looking like decent accumulation and the price is mature for a pump. It's definitely looking pretty good to me.
NEAR
NEARUSDT New ATH Soon!NEARUSDT (DAY CHART) Technical Analysis Update
New ATH soon!
NEAR/USDT currently trading at $5.00
Buy-level: Above $4.70 -$5.00
Stop loss: Below $4.25
Target 1: $5.60
Target 2: $6.00
Target 3: $6.50
target 4: $7.50
target 5: $9.00
Max Leverage: 1X or buy it on the spot
ALWAYS KEEP STOP LOSS...
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NEAR/USDT - Quick check-in and analysisOkay. While the crypto markets have been at a steady decline for over a month. I'm taking a look at the NEAR/USDT pair on Binance.
At the moment, price is currently testing the support at $1.709 . The last time this level was tested was on 26th June 2021 and it held the selling pressure before price went to test upward resistance at $2.333, it couldn't breakout and it's now back to the support level thanks to the overall market dip.
If the support at $1.709 doesn't hold up again like the last time, we would see the price drop sharply to the next support zone - $1.25 - $1.52.
otherwise expect a price between 1.83 - 2.2 (as long as $BTC respects itself.)
Also, RSI is at 34 indicating that the price is at an oversold region. worth watching to see how it plays out.
NEAR PROTOCOL - MERCHANTS OF NEAR - Price is trapped between a support channel that is holding it and a resistance of the downtrend
🆓NEAR Protocol (NEAR) July-8 #NEAR $NEARThe $2.2 zone is a very strong support for NEAR and it is moving towards the $2.6 and $3.6 zones this July. If it loses the $2.2 zone, it will fall back to the $1.8 zone
📈BUY
🔴Buy : 2.15-2.25$. SL if B
🔴Buy : 2.55-2.65$ if A. SL if B
📉SELL
🔴Sell : 2.55-2.65$. SL if A
🔴Sell : 3.5-3.7$. SL if A
♻️BACK-UP
🔵Sell : 2.15-2.25$ if B. SL if A
🔵Buy : 1.76-1.84$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
STRONG SUPPORT UPTREND -> ZOOM OUTTrend is bullish, there is a clear sign of a support for the uptrend. The chart speaks by it self.
NEAR > Ready for Moon! Breakout expected..>->->Hi friends,
This is my analysis on NEAR.
I think it is preparing itself for a fly to MOON.
""I will place a long order when i will see a Green Candle on 1 hour timeframe chart""
if it breaks the mentioned level, it can go till the next resistance. We will be aiming for high targets.
STRONG UPSIDE REJECTION is a must to confirm this trade setup.
Follow proper risk management and do your own research.
------My Previous idea on NEAR --(Profit$$)
NEAR PROTOCOL - MERCHANTS OF NEAR - LONGChart explains it self, there is a downtrend and you can see how we are in the support now.
Price can go up to $2.4 this week.
I believe we are near the bottomI believe we are near the bottom and soon we will see huge breakout + glorious short squeeze. Everyone is extremely bearish at this point, whales in bitfinex are manipulating the price going down to buy more, short term holders are capitulated, month 1.68 fib is holding pretty good at 30 keks. I am not sure exactly if we bottomed or we can go on wick to 27-28k but at some point i think we will breakout very fast and huge.
NEAR Protocol Sandbox (June-2021) Technical The explanation for a short-term trade:
We can see 2 clear action prize zones (white) based on pure price action analysis we have 2 possible outcomes:
Buy (green path) : the safer way to trade that price action zone is to wait for a pullback to the zone and the buy long when the price goes above the previous daily green (bull) candle close.
Targets: first TP point will be the restructure breaking point (yellow line) second TP will be the l-hight point and the last TP will be the previous H-hight point.
Be careful and know that you are trading against the tendency so adjust your risk-reward ratio accordingly
IN MY OPINION, THIS IS THE LESS LIKELY SCENARIO DUE TO THE OVERALL CURREN CRYPTO MARKET TENDENCY AND FUNDAMENTALS.
Sell (red path): The plan for this trade is to wait for the price to break down the l-low point (under the price action zone) and go short after the breakdown or wait for a test to the price action zone and then go short. This can open an opportunity for a long-term trade aiming for the 1,25 - 0,87 area.
The risk-reward ratio in this scenario can be greater.
IN MY OPINION, THIS IS THE MOST LIKELY SCENARIO CONSIDERING THE CURRENT BEARISH TENDENCY AND THE OVERALL CRYPTO MARKET
NEAR PROTOCOL - SANBOXHere we have an opportunity !
This is a SMART CONTRACT PLATFORM... in simple words it is ETHEREUM without the huge GAS expending.
And we are not talking about an ETHEREUM competitor from the outside... You can have the ETHEREUM CONTRACTS runing with the NEAR PROTOCOL, so all the developers that learnt with SOLIDITY they can run their contracts with NEAR also...
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Technical analysis
On the chart you can see the psychological price levels that are predetermined by our subconscious. These prices are exposed by the numbers of nature: the fibonacci sequence
In these price levels you will want to buy or sell depending on the path of the price... so the price action is going up and you don't know when it gonna stop... well fibonacci knows where...
Buy Range : $2 - $4.7
Stop Loss : Daily close below $1.5
Target 1: $11
Target 2: $17
Target 3: $28 (JAN 22) (1400% PROFIT)
- Really good daily and weekly candlesticks.
- Expecting some very short-term correction to $2 (opportunity to buy)
- Good upside projection
- Volume is holding strong
- Good risk/reward
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Fundamentals
Only knowing that this protocol address the main issue that doesnt allow Ethereum to go mainstream (too expensive), but allowing the users of Ethereum to go with NEAR without any trouble gives you a notice.
On Social Coinrank gives them 95/100.... they are very very wrong...
I will give them 100. They have a really nice community with good projects and growing right now, you can check the forum is awesome gov.near.org
82.600 followers on Twitter
NEAR protocol have 7 guilds !!! Big community with projects with purpose.
Rank #68 COINMARKETCAP - MARKET CAP $1,280,000,000
Developer Rank 98/100 according with Coinrank.app ---> 456 commits in the past 4 weeks.
And they are doing a bootcamp where developers can get a certification as NEAR DEVELOPERS, I am my self part of this bootcamp. So we will see more growing in the ecosystem
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Comparison
What gives value to Ethereum? --> Transactions, Contracts, Community
Well, we can have the same contracts and transactions efficiently with NEAR, and the community is strong!
NEAR
Transactions: 160.000 aprox in 24h (growing also, it was 120.000 on may) explorer.mainnet.near.org
Fees: 0.0001 NEAR => $0.00035 for any transaction
ETHEREUM
Transactions: 1.140.000 aprox in 24h (decreasing, it was 1.500.000 on april)
Fees: 13 GWEI => $3 for an ERC20 token transaction
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Extra
dApps are a big deal on blockchain, it is how users interact and create value like with DeFi, and here is a list of dApps on NEAR:
NEARPixels – Near Pixel Party is an NFT based game with a total supply of only 600 tokens.
NEARNames – A fun app that lets users gift NEAR accounts to anyone.
Ref Finance – A community-led, multi-purpose decentralized finance (DeFi) platform.
Rainbow Bridge – Allows developers to transfer Ethereum assets and smart contracts to NEAR.
Berry Club – The first yield farming app on NEAR.
Sputnik DAO – Providing the Infrastructure to create funding and team DAOs.
Pulse – An open-source app for prediction markets built on the Flux Protocol.
Paras – An all-in-one, social, digital collectibles marketplace for creators and collectors.
Flux – Prediction market
I am very excited with the Sputnik DAO, this is really awesome you can create your own voting system, vote, propose, fund ideas, and more.
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Hope you liked !
Disclosure: I do not give financial advise, do your own research, best luck you all !