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NEAR / TetherUS PERPETUAL CONTRACT

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NEARUSDT.P trade ideas

NEARUSDT.1WHello dear friends, *Mars Signals Team wishes you high profits* This is a weekly timeframe analysis for NEARUSDT.1W We are in a weekly period. As you can see, the price has reached our weekly support zone and is swinging above our first support zone. As you can see, the previous day's candle was a bearish Marabouzo candle, which shows selling pressure. We should wait until the weekly candle closes so that we can analyze the market for the long term. But currently, if the price can stabilize above our support line as before, we are considering a climb up to the first resistance zone. But if it falls completely below our support line, we expect more losses for this coin. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
2
NEAR The situation that has now developed in the crypto market is similar to the one that was at the beginning of this year. When there were legal proceedings with the FTX crypto exchange. Now the major players in the crypto industry BINANCE and COINBASE are under attack. But it should be noted that in the Near cryptocurrency, the latest local liquidity and lows are almost in the same price ranges. I think that the situation with these crypto exchanges will calm down and the market will follow the same scenario as at the beginning of the year. What I can’t say about Bitcoin, in view of the fact that after the collapse of altcoins, Bitcoin has a total advantage. What market makers can use and start lowering the price of the first cryptocurrency.
Long
by TradingForProfitPro
NEAR is retesting support, forming IHSNEAR is back at Entry levels. After loading up 1.7$ 1.5$ and my biggest bag at 1.25$ levels took some profits on the last pump to 2.7$. Sold a little early tbh due to the Bearmarket Blues still influencing my emotions. Now reloading my bags for the longterm at these levels again. As i said in the previous post i like the fundamentals on NEAR. You can check the link post to read on the reasons for that. It is true, it took a beating but that is mainly due to Alameda being one of their biggest backers in the last bull, and we all know how that went. As for entry, a nice Inverted H&S is forming and i aimed to buy the Right shoulder to maximize my entry. IHS is on the 4H timeframe so not a very strong indication as of now eventhough i really like the 4H TF. The same pattern is visible on the daily but its not as obvious. Regardless of the IHS this area is where NEAR landed first after the initial Bearmarket crash, so it is a strong demand level and it looks like it is retesting it now. Load em up, the Bull is NEAR!!!
Long
by Suneater69
2
NEARUSDT is testing the descending channelNEARUSDT. The support level acts as a barrier preventing the price from declining further. On the 4-hour timeframe, the price of NEARUSDT is forming a descending channel. A descending channel is a technical chart pattern characterized by a series of lower highs and lower lows, forming parallel trendlines. This pattern suggests a bearish bias in the market, with sellers exerting control over the price movement. If the price of NEARUSDT experiences a breakout from the descending channel and subsequently retests the resistance level as new support, it would align with the principles of Plancton's Rules. Plancton's Rules is a trading strategy that emphasizes long positions when the price breaks above a resistance level and retests it as support, indicating a potential bullish trend continuation. Traders and investors will closely monitor the price action to determine whether the support level holds or if a breakout occurs. If a breakout happens and the price successfully retests the resistance-turned-support level, it may present an opportunity for new long positions according to Plancton's Rules. This would imply a potentially bullish outlook for NEARUSDT, suggesting a continuation of the upward trend. As always, it is important to conduct thorough analysis and consider other indicators or factors before making trading decisions. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12