Trade Setup: NEAR Long PositionMarket Context:
NEAR is part of the newly formed Grayscale Decentralized AI Fund and has shown significant relative strength. However, the rapid rise suggests a potential throwback.
Trade Parameters:
Entry: Enter the trade around the support level of $5.7.
Take Profit:
First target: $6.6
Second target: $7.5
Third target: $8.4
Stop Loss: Place the stop loss just below $5.2.
📊 Monitor the price action for confirmation of support levels and be prepared to adjust based on market dynamics. #NEAR #CryptoTrading #TradeSetup 🎯
NEAR
NEAR - A quick long trade for the continued trend.#NEAR/USDT #Analysis
Description
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+ The trend that began after hitting the support zone is continuing, and we can expect it to reach the resistance zone soon.
+ This presents a quick trade opportunity.
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VectorAlgo Trade Details
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Entry Price:5.534 - 6.254
Stop Loss: 4.986
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Target 1: 6.816
Target 2: 7.624
Target 3: 9.019
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Is NEARUSDT About to Skyrocket? Critical Levels You Can't Miss!Yello, Paradisers! Have you been keeping an eye on #NEARUSDT lately? If not, now's the time to pay attention.
💎#NEARUSDT is currently trading within a demand zone, raising the high probability of a bullish move. The token has been following a descending resistance trajectory for a while. Now, it's showing strong momentum within this demand zone. If #NEARPROTOCOL continues to sustain this momentum, it may target the key resistance level at $5.624.
💎If #NEARUSD reaches $5.624, we could see a potential rejection at this resistance level. In this scenario, we'll wait for the price to retest the descending resistance. A successful retest would confirm a strong bullish move. Sustained upward momentum could lead to a breakthrough above $5.624, marking a significant bullish shift.
💎However, what if AMEX:NEAR loses momentum and drops below the previous low? This would invalidate the bullish outlook, potentially leading to a significant price drop.
Stick to your strategy and keep mastering your willpower. Be the 20% that outperforms the rest!
MyCryptoParadise
iFeel the success🌴
Unlocking Hidden Potential: NEAR Technical AnalysisNEAR Technical Analysis
The price has been following a descending trend line(Red) and recently found a major support zone(Yellow) at $4.18 – $4.295. The dotted line at 4.441 is also acting as a good support. After touching this support, the price has bounced back and is currently testing the trend line.
The key resistance zone(Green) is identified around the $5.586 – $5.743, which has acted as a strong resistance zone in the past. The price has struggled to break above this zone multiple times, suggesting it is a significant level to watch.
Potential scenarios
Bullish Scenario
If the price breaks above the descending trend line it could move towards the resistance zone in Green at $5.586 – $5.743.This green zone is major resistance to moving the price upwards. After a breakout from this zone, the price could move toward the next resistance zone in Blue at $6.675 – $6.897.A breakout above this level could indicate a reversal of the downtrend and a possible continuation to higher levels.
Consolidation Scenario
If the price gets rejected at the descending trend line or the resistance zone in Green, it might consolidate between $4.441 and the Green zone. This consolidation phase could last until the market decides on the next significant move. Price could also take support at the Yellow zone and from there it will bounce back according to our analysis.
Bearish Scenario
If the price fails to sustain above the current support level of $4.441, it could lead to a further decline towards the yellow zone at $4.148 – $4.295. If this Yellow zone fails to hold the price then, this would indicate a continuation of the bearish trend.
Volume is also a critical factor to monitor. Increased volume on a breakout above the resistance levels could confirm the bullish scenario, while low volume might indicate a lack of conviction among traders.
NEAR/USDT is at a critical juncture, with key resistance and support levels that will likely dictate the next major move. Traders should watch these levels closely and consider volume trends to gauge market sentiment.
Where is the right price to buy $NEAR?Considering the correction process that we have in mind for altcoins, we expect that AMEX:NEAR can reach the price range of 2$ or slightly below it again.
It seems that the price of 2$ can be a good place to buy, although there is a possibility that if there is a fear in the market that causes the prices to fall, the price will go lower due to excitement and fear selling. but 2$ seems a reasonable price.
I hope to have enough cash for when the price hits $2$.
NEAR is approaching an important resistanceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.600 zone, NEARUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5.600 support and resistance area.
Trade safe, Joe.
#NEARUSDT Chart UpdateNEAR has reached the support range between $4.08 and $4.75. This level holds important support for NEAR, and a breakdown below this blue SMA will likely drop the price to $3.2 or, in the worst case, $2.5.
On the positive side, NEAR must stay above the support level to rebound and make a bullish rally.
DYOR. NFA.
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#NEAR
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile.
Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation.
This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
NEARUSD: Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.95 zone, NEARUSDT was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 5.95 support and resistance zone.
Trade safe, Joe.
NEAR/USDT: ACCUMULATE HERE FOR 2X PROFIT!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
NEAR looks good here. It is trying to form an Adam&Eve-like structure in the daily time frame. As you see in the chart, it is holding the previous support range very well and bouncing from there.
I'm expecting a good pump from here.
Entry range:- $4.5-$5.5
Taregts:- $6.7/$8.2/9.4/$12
Invalidation:- Daily close below $4.4
What are your thoughts on NEAR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Near Will Rise AgainNear has risen upwards from bottom of its parallel channel. I'll assume it will follow it again.
As an extra, we have a golden cross on MACD daily chart.
Risk can be accepted.
Use stop loss if it breaks 4.412.
There will be 3 targets, once the first one hit, move your stoploss to the breakeven or higher and close %33 of the position.
TP 1- 5.755
TP 2- 6,762
TP 3- 7,8
You can enter now or lower, your choice.
Technical Analysis for NEAR-USDT ChartToday’s analysis focuses on the NEAR/USDT daily chart, highlighting key technical levels and patterns that indicate the current market sentiment and potential future price movements. The chart illustrates a significant bearish trend with the price currently testing a critical support level. This analysis aims to provide traders with actionable insights to navigate the market effectively.
NEAR is trading on the support zone and trying to break the EMA 200. When the price reached the resistance zone (Blue) at $8.444 – $9.010, we saw a correction in the market. The decreasing volume during this pullback indicates the bullish trend could still have potential. Several key technical elements and zones are marked, providing a comprehensive view of the market’s structure and potential future movements.
Current Price: $5.330
Volume: 8.163M
Key Support and Resistance Levels
Immediate Support: $5.197
This level has historically acted as a strong support, providing a cushion against further declines.
Traders often watch this level for potential buying opportunities if it holds.
Next Major Support Zone (Pink): $4.477 – $4.683
This level has served as a crucial support and resistance historically.
Recently the price tested this zone and bounced from there.
A fall to this level could indicate a deeper correction and increased selling pressure.
Holding above this support might attract buyers looking for a reversal.
Trend Line
This trend line has formed from mid-December 2023
This trend line has been tested 4 times, whenever the price falls on it we see a massive bounce.
Recently the price has tested this trend line and there is hope we can see massive price movement.
A fall to this trend line could indicate a deeper correction and increased selling pressure.
Support Level $3.724
Historically many times the price takes bounce from this level.
A fall to this level could indicate a deeper correction and increased selling pressure.
Holding above this support might attract buyers looking for a reversal.
Strong Support Zone (Yellow): $2.487 – $2.736
This is a long-term support level that has proven to be a robust base in the past.
A drop to this zone might indicate a severe bearish trend but could also present a strong buying opportunity for long-term investors.
The price-finding stability here would be critical for the overall bullish outlook.
Immediate Resistance Zone (Green): $5.762 – $6.182
This zone is the nearest overhead resistance, where sellers have previously emerged to cap price rallies.
Breaking above this resistance could signal the start of a new bullish phase and attract more buying interest.
Traders look for volume confirmation on a breakout to validate the strength of the move.
Key Resistance Zone (Blue): $8.444 – $9.010
This resistance zone represents a significant barrier where previous price action has encountered selling pressure.
Successfully moving above this range could lead to substantial upward momentum, potentially targeting higher levels.
The area between $8.444 and $9.010 acts as a critical test for the strength of any bullish trends.
Moving Averages
The 200-day EMA is highlighted in the chart and is currently acting as a dynamic resistance level. NEAR is trading just below this EMA, which often signifies a critical juncture for the price direction. This level is crucial and acts as a strong resistance.
Trend Analysis
The ongoing downtrend suggests a bearish market sentiment. The price is currently consolidating on its support level of $5.197. A break below this support could lead to a deeper correction.
Volume Analysis
Currently at the time of writing the trading volume is at 8.163M, indicating a lack of strong buying interest at the current levels. A significant increase in volume would be necessary to confirm any potential reversal or breakout.
Potential Scenarios
Bullish Scenario
If NEAR holds above the $5.197 support and breaks through the green zone resistance at $5.762 – $6.182, it could signal a potential bullish reversal, targeting the blue zone at the $8.444 – $9.010 resistance zone.
An increase in buying volume could indicate stronger bullish momentum, potentially pushing the price back to the $9.010 high.
Bearish Scenario
If NEAR falls from this $5.197 support and fails to hold on support zone in pink and the trend line, it could lead to a deeper correction towards the $3.724 support level.
Sustained low volume and bearish sentiment could keep the price suppressed, with the potential to test lower support levels. If the price did not hold the $3.724 support level we might see the cloud retest the last zone marked in yellow at $2.487 – $2.736.
Technical Indicators
Based on technical indicators on a daily time frame
The relative Strength Index (RSI) value is at 40.634 (Neutral)
Momentum (10) is at -0.136 signaling a (Buy)
MACD Level (12, 26) is at -0.525 signaling (Sell)
Exponential Moving Average (50): 6.396 (Sell)
Exponential Moving Average (100): 6.264 (Sell)
Simple Moving Average (100): 6.784 (Sell)
Exponential Moving Average (200): 5.369 (Buy)
Ichimoku Base Line (9, 26, 52, 26): 6.075 (Neutral)
Volume Weighted Moving Average (20): 5.686 (Sell)
Hull Moving Average (9): 5.339 (Buy)
Interpretation
The NEAR/USDT analysis indicates a bearish sentiment driven largely by the Moving Averages. Although the oscillators are mostly neutral, the significant number of “Sell” signals from the Moving Averages suggests caution for traders.
Bearish Indicators:
The majority of the moving averages are signaling a sell, which indicates that NEAR might be experiencing downward momentum in the short to medium term.
Neutral Oscillators:
Most oscillators are neutral, showing no strong buying or selling pressure at the moment.
Potential Bullish Signs:
A few moving averages and the momentum indicator are showing buy signals, suggesting there could be some bullish potential if market conditions improve.
Conclusion
NEAR Protocol (NEAR) is at a pivotal moment. The support at $5.197, the 200-day EMA, and the trend line are critical levels to watch. The market sentiment appears cautious, with bearish pressure visible in the near-term forecast. However, if crucial resistance levels are breached, a positive reversal could occur. To successfully navigate the current period of increased volatility, traders must remain careful, use appropriate risk management strategies, and stay up to date on market trends.
Investment Outlook
Given the current market conditions, NEAR presents both opportunities and risks. The identified key levels should guide investors in making informed decisions. Caution is advised until a clear trend is established.
NEARUSDT.1DIn this technical analysis of the NEAR/USDT daily chart, we will dissect the price movements, scrutinize the critical support and resistance levels, and delve into the insights offered by the MACD and RSI indicators.
Key Observations:
Current Price and Movement:
NEAR/USDT is trading at $5.197, showing a decrease of 3.87% today. This movement suggests some bearish pressure.
Support and Resistance Levels:
R1 (Resistance Level 1): $5.849 - This level presents the immediate ceiling that needs to be breached for bullish momentum.
S1 (Support Level 1): $4.253 - This is a critical support level, below which the price could see further declines.
S2 (Support Level 2): Not specified, but would be the next support level if S1 fails to hold.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating a bearish momentum. The separation between the lines is not extensive, suggesting that the bearish momentum is present but not overwhelmingly strong.
RSI (Relative Strength Index): The RSI is at 33.28, nearing the oversold territory. This could imply that NEAR is potentially undervalued, and there might be a buying opportunity if the market sentiment shifts.
Analysis and Conclusion:
The current price action of NEAR/USDT indicates a bearish trend, as reflected by today’s price decline and the position of the MACD. The price is currently hovering above the support level at $4.253, which is crucial for preventing further declines. If this support holds, it could stabilize the price and potentially allow for a recovery towards R1 at $5.849.
Given the RSI’s proximity to oversold conditions, there is a possibility of a reversal or at least some stabilization if the support at $4.253 remains intact. Traders should watch this level closely for signs of a rebound or further breakdown.
Should the price break below $4.253, it would be prudent to watch for the next levels of support (like S2) and reassess the bearish momentum. Conversely, a bounce from this support could be seen as a bullish sign, particularly if accompanied by a bullish crossover in the MACD and an RSI that moves back above 35-40.
In summary, the market conditions for NEAR/USDT suggest caution with a preparedness to act on potential shifts indicated by the technical levels and indicators. Monitoring the response at $4.253 will be critical in determining the short-term direction of the market. As always, traders should employ risk management strategies to protect their positions, particularly in such a volatile market environment.
NEAR - A simple tradeBINANCE:NEARUSDT (1D CHART) Technical Analysis Update
NEAR is currently trading at $5.3 and price is bouncing back from the support line, price is expected to continue in the same trajectory, however lets keep the stoploss below the support zone.
Entry level: $ 4.8 - 5.3
Stop Loss Level: $ 4.1
TakeProfit 1: $ 5.965
TakeProfit 2: $ 6.995
TakeProfit 3: $ 8.425
Max Leverage: 3x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Navigating NEAR: Strategic Moves in a Bearish Market🔍 Let's dive into the NEAR project. NEAR Protocol is designed to be a high-performance, scalable, and user-friendly blockchain platform. It aims to empower developers and users by offering a decentralized, developer-friendly environment. This platform is well-regarded for its ease of use and scalability, making it a strong contender in the blockchain space.
📉 As observed on the chart, NEAR has experienced a sharp decline and recently broke through the significant support level at 5.163. This decline was marked by a substantial increase in volume, suggesting a strong bearish momentum.
⚠️ The RSI is currently at 30.44, indicating that NEAR is in the oversold territory. This suggests that while a short-term bounce is possible, the overall bearish trend remains dominant. The red candle with high volume might indicate a sell-off.
🔻 For a short position, the next critical level to watch is 4.5. If the price breaks below this support level with increasing sell volume, it would confirm the continuation of the bearish trend. A short position could be initiated at this point, with a stop-loss order placed above the recent high around 5.163 to manage risk.
📉 The target for the short position would be the next major support level around 2.733. Monitoring volume is crucial; if sell volume continues to rise, it reinforces the bearish outlook.
📈 A long position should be considered only after the market shows signs of forming a new structure. Given the current bearish trend, it's prudent to wait for a clear reversal signal. A potential long entry could be considered if NEAR breaks above the key resistance level at 8.507 on the daily timeframe, confirmed by increasing buy volume.
🛠️ Patience is key here. Wait for the price to build a solid market structure and break above the mentioned resistance before considering a long position. Setting a stop-loss order below the recent low would be a prudent risk management strategy.
📝 In conclusion, NEAR is currently exhibiting strong bearish signals. For short positions, wait for a break below 4.5 with high sell volume. For long positions, patience is essential until a clear reversal and market structure form, with a potential entry on a break above 8.507. Always monitor RSI and volume indicators closely to confirm momentum shifts and manage risk appropriately in volatile market conditions.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
NEARUSDT.1DIn this technical analysis of the NEAR/USDT chart, we take a detailed look at the price movements and key indicators to forecast potential future trends.
Key Observations:
Current Price and Movement:
NEAR is currently priced at $4.638, having suffered a significant daily loss of 10.24%.
Support and Resistance Levels:
R1 (Resistance Level 1): $5.849 - This level marks the immediate upward target if the price recovers.
R2 (Resistance Level 2): Higher resistance levels are not shown but would be the next focal point if R1 is breached.
S1 (Support Level 1): $4.253 - This is a critical support level that may prevent further price decline.
S2 (Support Level 2): Lower than S1, this level could serve as a further buffer against additional losses.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating bearish momentum.
RSI (Relative Strength Index): The RSI is at 24.47, significantly undershooting the neutral 50 mark, suggesting strong bearish momentum and potential oversold conditions.
Analysis and Conclusion:
The NEAR/USDT trading pair is currently in a bearish phase, as evidenced by the recent sharp decline in price and the bearish indicators from both MACD and RSI. The RSI's position suggests that the asset may be approaching oversold territory, which could potentially lead to a short-term rebound if buyers perceive it as an entry point.
The key level to watch in the short term is S1 at $4.253. If this level holds, it could stabilize the price, allowing for potential recovery toward R1 at $5.849. However, a break below S1 could intensify selling pressure, pushing the price towards S2, which would need to be closely monitored for further declines.
In summary, NEAR/USDT is at a critical juncture, with current indicators pointing towards continued bearishness but with potential for a reversal if support levels hold strong. Traders should keep an eye on the aforementioned support and resistance levels, and consider the oversold conditions as a possible catalyst for a bounce back. As always, it's crucial to consider external market factors and updates within the NEAR ecosystem which could influence price movements. Proper risk management and real-time monitoring remain essential for navigating this volatile market.