merchants_of_near

merchants_of_near

Hello Merchants! Here is another analysis of the Near asset. The chart is a 1D timeframe. From the support line TD, it is obvious that the current price of $Near was the price a year ago. This was the accumulation zone within that period and after price left this zone, this is the second time after it is coming back to it. The fact that it came back here a year...

merchants_of_near

Hello Everyone!!! We’re glad to bring you yet another technical analysis for the price movement of $Near. We’re pretty sure that you have been following up with our previous analysis. Please feel very free to share your views about our analysis and make your contributions or alternatively, your criticisms. Here’s the 1D chart showing a line at the support level...

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Hello Near Merchants! We will be looking a little deeper at the NEARUSDT 1Day chart and try to determine what could likely be the next move for Near. Our basic tools or indicator would be the Relative Strength Index (RSI) coupled with basic price action analysis and chart patterns. First of all, I’ll walk you through the use of the Relative Strength Indicator....

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Hello Merchants! It appears everyone is excited about current market conditions with BTC leaving its rally zone and breaking into a new demand zone. Also, $Near shows off two green candles on the daily chart regardless of the overall bearish market condition. Could this be a mystical arrangement or just another glitch? Anyways, here is an analysis on new price...

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Here’s a weekly view of the NEAR/Tether chart from Binance. As you know already, we have been taking bouts of heartaches from the bearish market conditions and are quite uncertain of how long the bears will stay dominant in the market. However, here is a brief description of what we could expect. But first, lets make a price review from when we had our ATH. We had...

merchants_of_near

Hello merchants!!! Here’s another TA on Near Protocol on 1D chart. The MAs are 50, 89 and 200. The sea green MA is the 50 MA which can be used to determine when trend changes or when trend is about to change. The 200 MA helps us understand a long term trend. The bullish impulse from a week ago that brought price to $11.9 couldn’t take price above the strong...

merchants_of_near

Hello Merchants!!! We are glad to bring you another price analysis and the current market situation this weekend. Here’s the NEARUSDT 1D chart with some channel lines drawn along with some support and resistance level lines. From the 24th of January 2022 to the 12th of February 2022, price has persistently tested the support trendline more than trice which has...

merchants_of_near

Hello Merchants!!! Here is another TA on Near Protocol price movements. The chart is NEARUSDT 1D chart and We will be using support and resistance for this analysis. There are three basic supply zones corresponding to three major resistance levels on the chart. The first resistance at $11.5, the second at $13.2 and the third at $16.5. After the price dump to...

merchants_of_near

Hello merchants!!! We have been faced with a massive bearish price movement since after the $20 price mark and it’s double top formation. Fortunately, we are still in a safe zone. The channel lines, support line at $6.1 and resistance line at $13.2 show that the current price of Near is safe for the bulls to come into the market. Also, the RSI blue ribbon...

merchants_of_near

Hello Merchants of Near Protocol!!! Here is a new week and we are all aware that Near Protocol keeps holding onto its bullish bias against BItcoin’s bearish price movement. This analysis is aimed at predicting Near protocol’s next move and possible areas of value in comparison with Bitcoin’s current price position. After the breakout above the resistance level...

merchants_of_near

Hello Merchants!!! It’s the $Near year and we’re bringing you another analysis of the Near protocol asset. The chart above is the NEARUSDT 1Day chart. We hope to highlight areas of value using the WXY double top Elliot wave correction tool and the RSI Indicator alongside price action analysis. The double top at X and Y brought about price correction to the...

merchants_of_near

Hello Merchants!!! We are glad to bring to your notice the price movements of Aurora and the possible area of value for trading. The chart above is AuroraUsdt 4H chart. The channel lines and trend lines are all indicating an uptrend. Price keeps breaking previous resistance levels and reaching out for new ATHs by the day. The first high at $25 was broken to set...

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Hello Merchants! Get ready for a new ATH! From the NEARUSDT 1W chart above, price is currently resting slightly higher than the $13.1 Support level. Price for this week begins with testing the support for the third time consecutively. Testing that support level for three times consecutively indicates a probable breakout of price. Two scenarios are possible: (A)...

merchants_of_near

This week BTC lost almost 15%. Two days ago and yesterday it almost broke $41161.47 support. Today it seems that it didn’t attempt to break that level so let’s hope it stays that way for now. As long as we don’t see much volume the resistance will hold. On the NEAR/BTC pair we can see a strong consolidation regardless of the price of BTC. NEAR held its price...

merchants_of_near

Hello Merchants! A big congratulations to all Near Hodlers. Near protocol now sets a new record with a new price support at $13.3. The wick from 15th December showed the potential movement of the market for this week. BTC has made a 5.02% drop in price to $47k resulting in a consequential price correction of Near Protocol to about $13.3 which is about 5.87%...

merchants_of_near

Market Update: BTC attempted to break out and got rejected at the top of the range at around $51.900. The break out is still possible since the momentum is still bullish. We are probably going to stay in the range until the options expire on the 31st of Dec. On the NEAR/USDT pair the price broke the resistance level around $14.51 & $14.20. There is still some...

merchants_of_near

Market Update: On BTC we have to break $51.900 to get out the range we are in between $42.300 & $51.900 to retrieve a bullish momentum.This way we can get back to around $55.000 and after that to $63.000 & $58.000. On the NEAR/USDT pair we have found a strong range around $14.20, $14.41 & $16.27. We will stay here for the moment as long as BTC doesn’t have a...

merchants_of_near

Merry Christmas Merchants of Near! It’s an important news that the Christmas came with a pump. Nonetheless, a good knowledge of the market is required to stay aloof with price movement. The fib trend extension analysis shows that price should get to $15.8 before a major retracement while the trend lines we left on this chart from previous analysis for monitoring...