NEAR ProtocolNEAR Protocol is a cloud computing layer-one blockchain platform that provides useful features. It seems a big harmonic pattern has ended as price broke the downtrend line. Still, there are two lines that price needs to break upward in order for the uptrend to be confirmed. First is the minor downtrend line and second, and more important, is the horizontal line/area. Let's see what happens.
NEAR
🔍📈 NEAR Trading Strategy 📉📊Market Observation:
Monitoring BTC's proximity to the $60,000 resistance, which could influence altcoin movements. NEAR is currently at a support level, presenting a potential long opportunity.
Trade Setup:
Ladder into a long spot trade within the current trading range or $5.75 - $6.20 support area. Alternatively, wait for BTC to break through $60,000 before entering.
Take Profit: Target next resistance areas at $7.40 - $7.75 or $8.45 - $9.00.
Stop Loss: Just below $5.58 to manage risk.
Risk Management:
Use a stop loss below $5.58 to limit potential losses.
📈💡 Trade Strategy Rationale:
Anticipate a bullish move in NEAR from the support level, with profit targets aligned with resistance levels.
🔄📊 Stay updated on BTC's movements for trade entry adjustments! #NEARTrading #CryptoAnalysis 🌐🚀
#NEAR/USDT Short term Target!#NEAR for the long term seems like a solid choice.
Its strong tokenomics and competent team make it a promising asset.
The chart indicates the potential for significant growth in the next few weeks.
Don't be shocked to see it reach triple-digit prices when the real alt season hits!
In the short term, a trading price above $10 seems probable.
Consider adding more if it drops below $5.
Remember to Do Your Own Research.
NFA
Bullish SituationIn the weekly timeframe, NEAR has successfully broken through its key resistance level. This breakout, which is visible on the chart, indicates the potential for price growth. If Near can sustainably maintain its price above this resistance level, we anticipate an increase in its price.
NEAR shenanigans not likely to change the outcome - ATH in sightI love TA on crypto! Check out the shenanigans on NEAR price action as BTC tracks sideways as part of a presumably minor hick-up...
First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link).
But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second chart below).
However the fake-out allowed a channel to be charted to provide support for a reasonable (limited downside) exit strategy (third chart below).
The price of NEAR behaved by recognising the bottom of the channel so there was no need to bail out (fourth chart below).
And viola! - we're back at the top! Expect a small pullback here (noting I'm expecting BTC to correct a bit more), but this chart screams for a breakout to the upside and then an ATH is well and truly probable.
NEAR/USDT Break of the bullish flag! Bullish momentum for NEAR.💎 Paradisers, the recent market dynamics surrounding #NEAR have indeed been noteworthy.
💎 Currently, NEAR has successfully broken out of a bullish flag pattern, signaling a potential continuation of the upward trend. Additionally, the MACD indicator has shown a golden cross, further supporting the notion of a bullish reversal.
💎 As NEAR moves forward, it may encounter initial resistance around the $6.35 to $6.5 area, where it could pause for a retest before resuming its upward trajectory.
💎 This retest phase is common after a breakout and provides an opportunity for confirmation of bullish momentum. If NEAR successfully holds above this support and continues its ascent, the next target for the price could be the resistance area outlined in our target zone.
💎 However, if NEAR fails to find support during the retest and breaks below the $6.3 area, it could signal weakness in the bullish trend. In such a scenario, the price may decline further toward the next significant support level around $4.6.
💎 Considering NEAR's past price behavior, it has exhibited resilience by bouncing decisively from the $4.6 support area. Should history repeat itself, NEAR may experience a strong bounce from this level, potentially reclaiming the $6.3 support area and progressing toward our target.
💎 Nevertheless, if NEAR fails to bounce convincingly from the $4.6 support and displays weakening volume, it could signify a breakdown in bullish momentum. A decisive close below the support area would raise concerns about the bullish thesis and could lead to further bearish movement.
MyCryptoParadise
iFeel the success🌴
NEAEUSDT.1DAnalyzing the daily chart for NEAR Protocol (NEAR/USDT), it appears to be in a consolidation phase within a defined range. The price is currently near $7.002, with a key resistance level (R1) at $8.111, which aligns with the previous high. A breakout above this level could signal a bullish trend continuation towards the high of $9.10.
The support level (S1) at $6.062 is a critical zone that has been tested multiple times, suggesting it's a strong level that bulls are defending. The RSI is relatively neutral at 57.75, giving no clear overbought or oversold signals. Meanwhile, the MACD is slightly above the signal line, suggesting some bullish momentum, though it's not strongly definitive.
For trading, a break above R1 could offer a long entry point, with a potential target at the previous high, using a stop loss below S1. Conversely, if the price breaks below S1, it may indicate a shift in sentiment, potentially leading to a sell-off. As always, confirmation from volume and other indicators would provide additional confidence in the trade setup.
NEAR Protocol Price Prediction: Bullish115% or Bearish 44% ?!NEAR Protocol is currently trading within an ascending channel, with clear reactions to the channel's support, resistance, and midline.
Based on current market conditions, our first expectation is for NEAR to break above the $6.037 resistance level and continue its upward trajectory, supported by the $5 level. This could lead to price targets of $7.4, $8.9, and ultimately $13.
However, a bearish scenario could also unfold if the channel's support is broken and the $5 level fails to hold. In this case, NEAR could experience a downward movement towards the $3 level.
Which scenario do you favor?
Role of Bearish CandlesThe price of NEAR has managed to break through a significant resistance observed at the last peak of the downward trend, entering an upward trend phase.
By reaching a specific area marked in green, not only has this level been breached, but it seems that the price is stabilizing at this new level.
The existing bearish candles, which are considered a pullback, will likely pave the way for the formation of stronger bullish patterns. If this scenario materializes, it is expected that the price will rise again, reach the orange resistance box, and possibly break through it.
NEAR-USDT | 4H | TECHNICAL CHARTHello traders, BINANCE:NEARUSDT I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
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Good luck
#NEAR/USDT
#NEAR
The price is moving in a descending channel on a 4-hour frame. The price is moving within it and adhering to its limits well, and it has just been breached to the top.
We have a major support area at Saad $6
We have a higher stability moving average of 100
We have an uptrend on the RSI that is about to bounce back
Entry price is 6.80
The first goal is 7.50
The second goal is 8.07
the third goal is 8.67
Near Protocol (NEAR)/USD - Bullish Breakout!Coin Name: Near Protocol/USD (NEAR)
NEAR Protocol (NEAR) has successfully broken out from a: £Descending Channel" pattern on the 4-hour timeframe. This breakout, is typically considered a bullish signal! The pattern suggests a potential trend reversal from bearish to bullish.
If bulls can maintain heat a breakout to the upside to "$7.44" will happen very soon and likely retest the Resistance target zone at: "8.08"
Line of Support= $6.42🟢
Line of Resistance $7.44🔴
🌟Target= $8.08🎯
Major Resistance= $8.59❌
NEAR/USDT Potential Rally For a Breakout | 👀🚀NEAR Analysis 💎 Paradisers, all eyes on #NEARUSDT ! It’s tracing a path within a symmetrical triangle, bracing for a breakout that could set the stage for a bullish rally.
💎If #NearProtocol momentarily falters at the triangle’s edge, we anticipate the next rally from the $6.03 support line. This zone is a magnet for action, historically sparking impressive climbs with its vibrant trading activity.
💎This will be a critical juncture. If we slip below $6.03, brace for a dynamic rebound from the $5.09 frontier. A dip here might unleash market forces, but we’re ready to ride the wave.
💎Paradisers, stay poised and proactive as we navigate the unfolding epic of #NEAR’s market journey.
🚀📈 NEAR Support Breakout Trade Setup 📈🚀📊 Analysis:
Strong Support: NEAR has rebounded from the support level at $6.43, indicating strength in this area.
Confirmation Needed: Conviction will increase with a clear break above $6.80 and sustained holding above this level.
Laddering Strategy: Plan to enter the trade gradually, starting with minimal leverage and increasing as key resistance levels are surpassed.
📈 Trade Plan:
Entry: Initiate laddered positions once NEAR breaks and holds above $6.80.
Target: Aim for a target of up to $8.80, with potential for further upside.
Risk Management: Start with minimal leverage and increase gradually as NEAR surpasses crucial levels. Set stop-loss orders to manage risk effectively.
💡 Note: Monitor price action closely for confirmation of bullish momentum and adjust strategy accordingly. 📈💰 #NEAR #SupportBreakout 🚀📉
[NEARUSDT] - on the verge of breakoutthe falling wedge pattern in consolidation in daily chart.
in the green circle that i highlighte u can see the price action in fibbonaci levels.
always breakout with huge green candle... that happen twice in (0.5 ,0.618).
now we waiting for a breakout the upper side of falling wedge...that will make our next target is 10$
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