NEAR: DECEMBER 16, 2023Currently we are above the median line of the weekly OB, which is the dim red rectangle. The wick above the OB leads me to believe that further upthrust is on the cards. The market has been suffering from indecision for the past week, except for some assets. However, I believe we are going through a breather, which will lead to further upward pressure in the near future. This holds especially true for altcoins, such as Near, that are about to make an official exit from their accumulation range and make a move. The highs, I believe, will most probably taken out in case we flip 2.44. Any acceptance below 2.027 is a sign to get out of this trade for me. I am aiming for 3.443. Please share the idea if you find it useful.
NEARUSDT
📈 NEAR Protocol (NEAR) Spot Long Trade AnalysisAn analysis of NEAR Protocol (NEAR) suggests a potential spot long trade opportunity, emphasizing support, resistance, and risk management for strategic decision-making.
Key Considerations:
Entry Zone: The proposed entry zone for the spot long trade is between $2.17 - $2.27.
Take Profit (TP): The Take Profit (TP) level is set at the next area of resistance, ranging from $2.60 - $2.75.
Stop Loss (SL): Risk management involves setting the Stop Loss (SL) below both the range low support of $2.17 and the ascending support line, approximately at $2.05.
#NEARProtocol #CryptoTrading #RiskManagement
NEAR/USDT approaching a local top?NEARUSDT analysis using the Unyx Data
Today we take a look at NEAR and its current state in the market:
- BRS: As usual let's get a feeling for the current temperature of NEARs price. We see that it is creeping up towards the over-heated zones 9 and 10 of the Rainbow Score, indicating that we should be ready to take some profits in the coming days.
- BSR: the Strength Reversion showed some sell signals in April (indicated by the red dots) as well as some buy signals in May (green dots). Currently the BSR hasn't triggered any sell signals, but as it is in an Overbuy state, this should happen any time soon.
- BUX: let's finally see what the BUX has to say. First let's take a look at the Oscillator (BUO). It clearly shows a change of trend as it is now moving more on the lower half of the oscillator, indicating that its indicators are mostly overbought. Taking a look at the screener (BUS) we see that in the Daily timeframe, all indicators expect the CCI are overbought. Looking at the smaller timeframes (1h and 4h), the overbought trend isn't much visible, but this will probably change over the day as the European and American markets wake up. On the weekly timeframe again, most of the indicators show an overbought state.
So clearly, NEAR isn't a buy right now, but if you have some in your bags it will soon be a good moment to take some profits. If you bought at the end of the summer, you should be in a profit of around 130%, depending on your average entry price.
Do you have some NEAR in your portfolio? If so, what is your next target price? Let us know!
Long-Term Price Analysis for NEAR Coin!#NEAR
The range we have been waiting for long-term spot buying for NEAR coin is between $1.415 and $1.32. When NEAR coin reaches the zone indicated as blue lines in the analysis, it will have completed a retest move to the trend support.
If NEAR coin initiates an upward movement from the $1.415 - $1.32 range, our target for the upward trend is the $2.20 region.
Our initial purchase for NEAR coin will be at the $1.415 level, and we are placing our second buy order at the $1.32 level.
NFA.
NEAR: UP or DOWN ?
Near had a significant price correction recently and currently it is trying to establish it support level
We can expect this price uncertainty to continue for a while as shown in the above chart.
With the current bullish market sentiment we can expect NEAR price to bounce back.
Im expecting price to move up once it settles in the support zone.
We will keep you posted about our trade entries. Stay tuned
Like and share your thoughts in the comments.
Cheers!
GreenCrypto
NEARUSDT NEARUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 1.80 region.
Will the bulls take charge again continue for leg higher?
NEAR ANALYSIS (4H)It seems that the NEAR currency is in a diametric, and now we are in the F wave of this diametric.
After completing wave F on the green box, we can move up for wave G.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Near Protocol (NEAR) Bulls are Prioritizing Breaking ZoneNear Protocol (NEAR)
While NEAR's price has surged by 120% over the past month, its growth has recently decelerated. The asset is trading in a support zone ranging from $1.70 to $1.83, and buyers appear hesitant to push the asset beyond this range.
Should NEAR continue its upward trajectory amid Bitcoin's positive trend, the token might test the $1.95 mark and encounter resistance in the $2.05-$2.19 zone. Bulls are prioritizing breaking past these local highs. If successful, NEAR might then tackle resistance levels at $2.3 and $2.4.
Beneath its current support zone, NEAR has a potential buyer's level at $1.65 and another zone between $1.46 and $1.55. These levels could be tested even without a Bitcoin market correction, particularly if buyers lack the momentum to drive up prices from their current positions.
The key is whether it can rise above 2.24Hello traders!
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(NEARUSDT chart)
Among the coins that are expanding the coin ecosystem, NEAR is one of the coins that has not yet risen above the MS-Signal indicator on the 1M chart.
Accordingly, the key is whether the price can be maintained above 1.99 and rise above the M-Signal indicator on the 1M chart.
(1W chart)
To do so, it is necessary to check whether the price can be maintained by rising above 2.24.
If that happens, it is expected to lead to a movement to rise above the M-Signal indicator of the 1M chart and an attempt to break through the MS-Signal indicator of the 1M chart.
(1D chart)
The key is whether the price can be maintained by receiving support around the 1.870-1.964 range and rising above 2.272.
Accordingly, it is becoming important whether the price can be supported by rising to the box range of 2.086-2.404.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Chart Breakout and Potential TrendsNEAR experienced notable growth following a prolonged period of downward trendline breach. Presently, it has encountered a robust weekly supply zone capable of stalling its upward momentum and potentially directing it downward. The initial support levels stand at $1.680 and $1.513, where we might observe market reactions. Looking ahead, with the weekly downtrend line broken, there's potential for an upward trajectory in the long term, indicating promising growth prospects for NEAR.
This analysis is for informational purposes only and should not be considered as financial advice.
I expect NEAR to rise to $2.12Hello everyone! I have a great idea regarding NEAR.
With the recent upward movement, NEAR has broken out of the accumulation zone, surpassing the first major resistance level, as well as the nearest strong Fibonacci level of 0.236 and the 200-day moving average (EMA 200).
Currently, the asset is within another range of resistance/support, and in a bullish market, it should easily overcome this level.
I believe that the asset is currently in a good range for buying opportunities.
On the chart, the blue horizontal lines indicate other areas of resistance/support for the price.
My final target is a growth up to the 0.618 Fibonacci level, which would bring a profit of 41%.
I also see the possibility of further upward movement towards $2.4 and $2.7.
All targets are shown on the chart.
Please note that this is not financial advice, and any actions you take are at your own risk!
NEAR Falling Wedge Retest : $2.8 targetExciting developments are unfolding in the world of crypto, and NEAR Protocol (NEAR) has caught our attention. It recently broke out of a falling wedge pattern, and the current setup presents a golden opportunity for those keeping a close eye on this dynamic project. Let's explore the breakout and the potential rewards it might offer. 📈💎
Breaking Out of the Falling Wedge:
NEAR has recently made a significant move by breaking out of a falling wedge pattern. This pattern is often a bullish signal, indicating a potential reversal or upward continuation.
The Retest Scenario:
Following the breakout, NEAR is currently in the process of retesting the wedge's upper boundary on the daily timeframe. This retest could act as confirmation of the breakout and provide an entry point for traders.
Risk-Reward Ratio: 1:7?
For those considering a position in NEAR, the risk-reward ratio appears to be favorable. Depending on your risk tolerance, entering now during the retest could potentially yield a risk-reward ratio of 1:7.
Trading Strategy:
Observation: Monitor NEAR's price action during the retest phase, paying attention to signs of confirmation.
Risk Management: Implement a robust risk management strategy, considering the volatility of the crypto market.
Entry Point: If the retest confirms the breakout, consider entering a position, keeping in mind your desired risk-reward ratio.
Conclusion:
NEAR's breakout from the falling wedge presents a compelling opportunity for traders. However, it's crucial to approach the market with caution and ensure that your trading strategy aligns with your risk tolerance.
As you navigate this potential trade, may your analysis be sound, and your trades lead to success.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
NEAR/USDT Continue Upward Momentum ?? NEAR Analysis Today💎 NEAR has undoubtedly seized our attention with its remarkable rally, initiating a strong upward movement from $0.97 and effortlessly breaking through the descending channel pattern. Observing the chart, NEAR appears to be in a legitimate retesting phase, positioning it to potentially extend its upward trajectory.
💎 Currently, NEAR is approaching a critical juncture at the supply zone. Failure to penetrate this area could prompt a retracement to the demand zone for NEAR to regroup and build fresh momentum. This development could be beneficial, considering that, from a broader timeframe perspective, NEAR hasn't undergone a correction phase yet.
💎 Conversely, should NEAR manage to breach the supply zone promptly, Probability could set its sights on reaching further targets, including the next supply zone and the bearish OB.
💎 However, there's a downside scenario to consider. If NEAR retraces to the demand zone and fails to sustain its position, leading to a breakdown, it could signal a bearish turn. In this case, NEAR might set a downward course towards the next support level. This stage is critical, as NEAR would need a substantial rebound to reassert itself above the support level or risk a further descent towards the key support zone, potentially intensifying the bearish sentiment.
NEARUSDT Elliott Waves Analysis (midterm expectations)Hello friends.
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Everything on the chart.
After correction will looking for new long position.
Entry: 1.3 - 1.15
Targets: 1.5 and 1.7
after first target reached move ur stop to breakeven
Stop: ~1 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
NEARUSDT.1DBased on the provided market data, the NEAR/USDT pair is currently in a strong uptrend, as suggested by the high Relative Strength Index (RSI) readings on both the 4-hour (85.90) and 1-day (86.66) charts. These RSI values are above the commonly used overbought threshold of 70, which often suggests that an asset may be getting overvalued and that a price correction could occur in the near future. However, it's important to note that assets can remain overbought for extended periods during strong uptrends.
The Moving Average Convergence Divergence (MACD) is positive on both 4-hour and 1-day charts, further confirming the ongoing bullish momentum. However, the MACD on the 7-day chart is negative, suggesting that the long-term trend is still bearish.
The price is currently trading close to the upper Bollinger Band (BB) on all three timeframes, which usually indicates the asset is overbought. The supports and resistances indicate potential areas where the price could bounce or face rejection.
In conclusion, the NEAR/USDT pair is showing strong bullish momentum in the short-term, but the overbought conditions and the negative MACD on the 7-day chart suggest caution. It might be wise to wait for a potential price correction or for more bullish signs on the longer-term chart before considering a long position.
Please note that this is just a technical analysis perspective based on historical price patterns and indicators. It does not take into account fundamental factors or potential upcoming news events that might impact price. Always do your own research and consider your personal risk tolerance when making trading decisions.
NEAR / NEARUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
📈 NEAR Falling Wedge Breakout ! Prepare to be amazed by Near Protocol's recent price action, which has unveiled a masterpiece in the world of chart patterns – a massive falling wedge. As this wedge pattern developed right above a significant support zone, the subsequent breakout couldn't be more bullish, setting the stage for exciting potential price movements. 📐🚀
Unwrapping the Falling Wedge
The falling wedge is a remarkable chart pattern in which the price forms a series of lower highs and lower lows, converging within two trendlines that slant in the same downward direction. This pattern typically signals a bullish reversal, hinting at the potential for an upward surge.
A Showcase of Bullish Precision
Near Protocol executed this falling wedge with textbook precision. What's more, this pattern materialized just above a substantial support zone, further emphasizing its importance. The price approached the pattern with a bounce off this support, retesting the zone before gracefully breaking out.
The Path to Price Appreciation
The breakout from a falling wedge like this suggests that Near Protocol is poised for a considerable price appreciation. Such patterns are often accompanied by increased buying interest and trading volume, creating ideal conditions for substantial upward movements.
Trading Strategy: Capitalizing on the Breakout
For traders and investors in the crypto space, recognizing and capitalizing on these patterns is a fundamental skill. The breakout from a falling wedge can be an excellent opportunity to enter or add to a position, provided it aligns with your overall trading strategy.
Conclusion: Near Protocol's Artful Ascent
Near Protocol's falling wedge breakout is a testament to the artistry that price action can exhibit on the charts. As we witness this spectacular move, it's an opportune time to stay vigilant and explore the potential that this bullish pattern may bring.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and insights of Near Protocol. 💚🌐💚
NEAR/USDT - NEAR Protocol: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the AMEX:NEAR / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 1.094 | 1.131 | 1.23, and the major support zones can be found at 0.995 | 0.933 | 0.834. Consider entering at the current price zone of 1.151 and targeting higher levels.
◰◲ General info :
▣ Name: NEAR Protocol
▣ Rank: 44
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: NEAR is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism and will eventually feature a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. These technologies will work together to scale the network and minimize congestion. NEAR has also been designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes. The NEAR blockchain was created and developed by the NEAR Foundation. Its mainnet went live in April 2020, and network validators voted to unlock token transfers in October 2020. NEAR's bridge to Ethereum (called the Rainbow Bridge) launched in March 2021.
◰◲ Technical Metrics :
▣ Mrkt Price: 1.151 ₮
▣ 24HVol: 22,726,465.007 ₮
▣ 24H Chng: 9.933%
▣ 7-Days Chng: 14.38%
▣ 1-Month Chng: 5.37%
▣ 3-Months Chng: -15.50%
◲◰ Pivot Points - Levels :
◥ Resistance: 1.094 | 1.131 | 1.23
◢ Support: 0.995 | 0.933 | 0.834
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.76
▣ Last 90D: -2.58
▣ Last 1-Y: -0.90
▣ Last 3-Y: 0.73
◲◰ Volatility :
▣ Last 30D: 0.36
▣ Last 90D: 0.39
▣ Last 1-Y: 0.81
▣ Last 3-Y: 1.34
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.55 - Bullish
▣ Reddit sentiment score is 0.57 - Bullish
▣ In-depth NEARUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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