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NEARUSDT

NEAR can ascend further !Hi. BINANCE:NEARUSDT 😊Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). NEAR is testing the s/r zone on weekly timeframe🤔 ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀 NEAR is trading at an attractive price point. It already broke out on 14th May and has been retesting for the last 2 weeks. It is one of the few coins I will be holding with low leverage for the next few months. - Entry: $7.462 add up to $6.15 if it gets there. - Target: $30.201 to $100 - Stop Loss: $5.926 This altcoin can easily hit $100 by the end of this bull run! 🚀🌕 It is one of the strongest altcoins in AI and Big Data Narratives. DYOR, NFA Please hit the like button and share your views in the comment section. #PEACE
by Cryptorphic
8
NEAR buy setupConsidering the bullish price structure in the big time frames, it seems that NEAR will go up again by meeting the specified demand. From the previous SW H, it can be counted as the first target Closing a daily candle above the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon. Wedge Pattern and the Analyst's Call In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn. The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%. Metrics Supporting the Downturn Theory The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest. While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong. Understanding Wedge Patterns and Analyst Predictions It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space. Here are some additional factors to consider: • Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards. • Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators. • Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market. Investor Takeaway: Research and Diversification The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions. Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk. Conclusion Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
Short
by bryandowningqln
1
near → at least 50% profithello guys... as you can see, BINANCE:NEARUSDT is on an ascending channel! on the other hand, it made a double head and shoulders pattern and broke the neckline! you can enter when the retracement happens and put your target on 10.84$. so you can get at least 50% profit! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
12
📈Trading Strategy for NEAR : Long and Short Opportunities🪄🔍Let’s dive into today’s analysis. Bitcoin continues its correction phase from its recent uptrend, and with the weekend ahead, we anticipate the market will remain range-bound. Today, our analysis focuses on NEAR Protocol, one of the top crypto projects ranked 17th in the market. This project serves as infrastructure for other crypto projects and is trusted and utilized by notable teams such as Arbitrum, Polygon, and Eigen Layer, significantly enhancing its market influence. 🧩In higher time frames like the daily and weekly charts, the trend is undeniably bullish. However, on the 4-hour chart, we see a prolonged range box. After a false breakout to the downside, the price regained upward momentum but still lacks the necessary strength to break out of the range box and is currently consolidating at the top. The 25 SMA has approached the price, which could inject new momentum into the market. But since it's Saturday, significant market movement is unlikely. Nevertheless, the arrival of the 25 SMA could trigger another bullish leg. 🎲Currently, the RSI does not provide a clear long trigger. However, if the price breaks above 74.53, and you have an existing position, it is advisable to hold it, as this could lead to a substantial sharp move. A breakout of 8.507, followed by the RSI resistance breakout, might signal the start of the next weekly time frame rally. Therefore, don’t hesitate to hold your position if 8.507 is broken, and don't worry about potential stop-outs. A successful breakout could hit long-term targets, making the risk worthwhile. The targets for a long position could be 10.396 and 13.034. 📉For short triggers, the nearest trigger is 7.837. If the price tests this level and breaks it on a second attempt, I will open a short position and quickly secure profits due to the overall bullish market momentum. The next short trigger comes after breaking the trend and a breakdown below 6.676, where you can open a position targeting the bottom of the range box. An RSI trigger can be identified at 43.87, and a breakdown below this level could confirm the entry of bearish momentum into the market. 📊Regarding volume, it is currently in favor of buyers. The volume has increased with rising prices and decreased during corrections, indicating weak selling pressure. 📝In summary, NEAR Protocol shows strong long-term bullish potential, with key levels to watch for both long and short positions. While the market may remain subdued over the weekend, significant moves could occur with the break of critical levels identified. Proper risk management and attention to volume trends will be essential in navigating these trades successfully. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
NEAR Protocol Eyes Critical Resistance: Breakout or Pullback?As NEAR Protocol (NEAR/USDT) continues its bullish ascent, NEAR approaches a crucial resistance level at $8.443. Support Levels: $4.944 : A significant support level that has been tested multiple times, acting as a strong floor during the recent uptrend. $2.714 : Another support level that was respected during the downtrend and recovery phase. $0.997 : This level marks the lowest point on the chart, providing a major long-term support. Resistance Levels: $8.443 : The current price is approaching this resistance level, which aligns with previous peaks and consolidations. $17.024 : A historical high that could act as a strong resistance if the price continues to rise. Potential Scenarios : Bullish Case : If the price breaks above the $8.443 resistance, it could target higher resistance levels, potentially moving towards $13.00 and then $17.024. Bearish Case : If the price fails to break the $8.443 resistance and reverses, it might retest lower support levels like $4.944 or even $2.714.
by Z4F4R
Important section: 6.974-7.700Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (NEARUSDT 1M chart) The box section of the HA-High indicator spans a fairly large range. Accordingly, I think it is highly likely that there will be significant volatility until the box section of the HA-High indicator converges. Adding the EMA indicator to a secondary indicator can help predict the movement of the secondary indicator. In other words, adding the EMA indicator of the BW indicator or StochRSI indicator can help predict future movements. For example, if BW < BW EMA, you can know that there is a high possibility of a decline in the future, so you can have time to react. Therefore, even if the BW indicator is located at the highest point of the overbought range, this means that there is still time to change to the state of BW < BW EMA. StochRSI indicator Also, although the StochRSI indicator is showing signs of turning downward in the overbought zone, you can see that there is time to reach a state where StochRSI < StochRSI EMA. Therefore, adding the EMA indicator to various auxiliary indicators may be advantageous for interpretation. (1W chart) It received support and rose near the HA-Low indicator and is continuing a stepwise upward trend following the HA-High indicator. This is the last time to buy at the low point until the box section of the HA-Low indicator is formed and the price rises above the upper point of the box and appears to be maintaining the price. However, when the HA-Low indicator is supported and rising, it is actually not easy to proceed with the purchase. Full-fledged buying occurs when it receives support near the HA-High indicator and begins to rise. This is when the upward trend begins to become evident. In this case, if the M-Signal of the 1W chart > M-Signal of the 1M chart, you will be able to have more confidence in purchasing. If the upward trend continues, the box section of the previous HA-High indicator will be reached. The box range for the previous HA-High indicator is 10.029-17.430. Therefore, it is highly likely that you will have difficulty breaking through this section upwards. If it receives resistance and falls near 10.029, there is a high possibility that the HA-High indicator will be created again, so it is important whether it can receive support and rise near the HA-High indicator at that time. (1D chart) The key is whether it can receive support around 7.369 and rise above 8.581. If not, 1st: 6.974 2nd: 6449 3rd: 5.8-5.947 You need to check which of the 1st to 3rd levels above you receive support. Receiving support around 7.369 means receiving support in the psychological volume profile section, so there is a high possibility of creating a new trend. However, if it falls without support, there is a high possibility that selling pressure will increase, so caution is required when trading. Since the M-Signal indicator on the 1W chart is passing around 5.8, the support range is around 5.8-5.947. -------------------------------------------------- ---- - Check if it can be supported and rise near the BW indicator (7.294) on the 1M chart. - Check if the HA-High indicator can rise above the box-top point (7.700) on the 1W chart. - Check whether support can be found in the psychological sell-off range (6.974-7.322) on the 1D chart. Therefore, the current price position, that is, support in the 6.974-7.7 range, can be said to be an important key. Have a good time. thank you -------------------------------------------------- - 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. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
NEAR LOOKS BEARISHnear has a bearish structure. Price is constantly respecting supplies and creating lower Ls. If the price returns to the red range, we will look for sell/short positions in this range. Note that the green range is a strong support range! Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
4
📈 NEAR: Capitalizing on Bullish Momentum🚀🔍Let's delve into today's analysis. Weekly candlesticks closed yesterday, revealing compelling entry points for some altcoins. Even Bitcoin displayed a robust candle, indicative of buyer strength. Given the current market dynamics, it seems logical to consider adding Bitcoin to our portfolios. However, after thorough research, I've identified an altcoin that presents a relative uptrend to Bitcoin. In a market poised for upward movement, this altcoin is likely to outperform Bitcoin, offering greater potential returns. 💎The coin in question is Near Protocol (NEAR), a native coin of the Near Protocol blockchain. It boasts a robust project, making it a worthy addition to your bull market portfolio. Our previous entry point, as per our strategy, was a breakout above $3.823. While I didn't provide the detailed analysis then, it's crucial to stay vigilant for such entry opportunities. Since our entry, NEAR has delivered nearly 100% profit, doubling our investment. ⚡️A popular strategy suggests selling half of your position when your investment doubles, allowing you to secure profits while letting the remainder ride the market's ups and downs. However, I have a different approach. I firmly believe in holding onto my investments until Bitcoin surpasses $40,000, as I anticipate a bullish future for altcoins. These coins have the potential to multiply several times over, significantly increasing your capital. 📈Now, let's delve into the technical analysis and understand why NEAR should be part of your portfolio. On the weekly timeframe, after bottoming at $1 in October 2023, NEAR began its upward trajectory, witnessing a remarkable 600% growth. Yet, its potential extends far beyond these figures. Following a crucial resistance breakout, we're witnessing an influx of buying volume. Last week's candlestick, consolidating above the SMA7, signals strength and potential for further upside. ✅Moreover, the RSI indicator has exited the overbought territory, presenting an opportunity for a third bullish wave. With these insights and prudent capital management, now may be an opportune moment to enter a long position. For risk management, consider placing your stop-loss below $5, or even $4 for added security. As for targets, $17 presents a conservative estimate for Target 1, with potential for further gains upon its breach.
Long
by itsparham96
Near protocol NEAR price finished its correction?Today, we'll talk about the prospects for #NEARUSDT price movement The last time we wrote a medium-term forecast for Near's price movement was 4 months ago. The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9 Come on, admit it, who started selling AMEX:NEAR before the target ?) When the correction began, we made an estimate of where it would be interesting to buy #Nearusd - $3.85 - $4.50. The price has already squeezed there, and to be honest, we would not want to see NEAR below $4. And if you look at the current chart of NEARUSDT on the 12-hour timeframe, you will see 5-6 "shadows" from the bottom, which means that the coin is being bought back. Our medium-term targets for the Near protocol token price are $10 - $13 - $15.50 - and ATH = $20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
🔍📈 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 🌐🚀
Long
by Richtv_official