NEARUSDT. Buying opportunities
Hello traders and investors!
If you are looking to buy, I suggest considering NEAR. I believe there is a good potential for growth of 20-40%.
Daily Time Frame
On the daily time frame, the price has formed a sideways range that started in March. The upper boundary is at 8.52, and the lower boundary is at 4.279.
The price has touched the lower boundary twice. The second interaction, which occurred on August 5, was marked by impressive volume, which was absorbed by the buyer on August 13, pushing the price back into the range. This candle was pivotal (the largest volume, marked with “KC” on the chart) in the seller’s impulse, which forms vector 4-5 of the range. By absorbing this candle, the buyer established a buying zone (green rectangle on the chart) from which buyer's vector 5-6 started, with a potential target of 6.89.
The buyer faces a significant obstacle beginning at the 50% level of the last seller's impulse, at 5.798. At this same level, a seller’s zone (red rectangle on the chart) has formed, and the level 5.798 is the start of the last sub-impulse of the seller's last impulse.
Interestingly, the last sub-impulse of the buyer started at the 4.000 level (low of the sub-impulse at 4.000, high of the sub-impulse at 6.489), and on August 5, liquidity was taken below the 4.000 level.
4-Hour Time Frame
There is a long trend. The starting level of the buyer's last impulse is at 4.738. A seller's zone formed at the end of this impulse. Currently, the buyer is testing this zone. If the price returns to 4.738 and the buyer defends this level, there may be buying opportunities, as the seller resumed action from the seller’s zone at the end of the impulse (meaning the zone has been tested), and the seller could not defeat the buyer at the beginning level of the last impulse.
Buying Strategy
It makes sense to look for buys from the daily candle of August 23, which showed a surge in volume. The targets are 6.000 and 6.489.
Good luck with your trading and investments!
If you are looking to buy, I suggest considering NEAR. I believe there is a good potential for growth of 20-40%.
Daily Time Frame
On the daily time frame, the price has formed a sideways range that started in March. The upper boundary is at 8.52, and the lower boundary is at 4.279.
The price has touched the lower boundary twice. The second interaction, which occurred on August 5, was marked by impressive volume, which was absorbed by the buyer on August 13, pushing the price back into the range. This candle was pivotal (the largest volume, marked with “KC” on the chart) in the seller’s impulse, which forms vector 4-5 of the range. By absorbing this candle, the buyer established a buying zone (green rectangle on the chart) from which buyer's vector 5-6 started, with a potential target of 6.89.
The buyer faces a significant obstacle beginning at the 50% level of the last seller's impulse, at 5.798. At this same level, a seller’s zone (red rectangle on the chart) has formed, and the level 5.798 is the start of the last sub-impulse of the seller's last impulse.
Interestingly, the last sub-impulse of the buyer started at the 4.000 level (low of the sub-impulse at 4.000, high of the sub-impulse at 6.489), and on August 5, liquidity was taken below the 4.000 level.
4-Hour Time Frame
There is a long trend. The starting level of the buyer's last impulse is at 4.738. A seller's zone formed at the end of this impulse. Currently, the buyer is testing this zone. If the price returns to 4.738 and the buyer defends this level, there may be buying opportunities, as the seller resumed action from the seller’s zone at the end of the impulse (meaning the zone has been tested), and the seller could not defeat the buyer at the beginning level of the last impulse.
Buying Strategy
It makes sense to look for buys from the daily candle of August 23, which showed a surge in volume. The targets are 6.000 and 6.489.
Good luck with your trading and investments!
Comment
Two consecutive daily candles with increased volume are inside the August 23rd candle, from which I'm looking for a buyer's response, but the buyer hasn't shown up yet. The price has touched the lower boundary of the range at 4.279. Where is the buyer? 🤔
On the hourly timeframe, there's a short trend. To look for buying opportunities, I need a long trend or the formation of a range near the daily timeframe's range boundary (4.279)
Comment
The seller attacked level 4 on impressive volume. The buyer has not yet shown himself to look for long positions.
Comment
On the 1-hour timeframe, a trend reversal occurred. The potential target is 3.813 (monitor 3.777).
On the 4-hour timeframe, there is a range. The boundaries are marked on the chart. The current buyer's vector is 5-6, with a potential target of 3.942.
Comment
Buyer failed to overcome 3.777
Comment
Looks like the buyer will reach 3.942
The upper limit of the sideways movement is 4.076
Comment
Waiting for the outcome on the 4-hour timeframe.
Either the buyer will break through the upper boundary of the range at 4.106 and defend it. The nearest target will be 4.279 (lower boundary of the daily range).
Or the seller will break through the buyer's zone test at 3.937 and defend that break.
The nearest target will be 3.813 (the upper boundary of the buyer's zone on the daily timeframe).
Good luck with your trading!
t.me/user_friendly_trading
t.me/user_friendly_trading
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