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NEAR

NEAR/USDT - Quick check-in and analysisOkay. While the crypto markets have been at a steady decline for over a month. I'm taking a look at the NEAR/USDT pair on Binance. At the moment, price is currently testing the support at $1.709 . The last time this level was tested was on 26th June 2021 and it held the selling pressure before price went to test upward resistance at $2.333, it couldn't breakout and it's now back to the support level thanks to the overall market dip. If the support at $1.709 doesn't hold up again like the last time, we would see the price drop sharply to the next support zone - $1.25 - $1.52. otherwise expect a price between 1.83 - 2.2 (as long as $BTC respects itself.) Also, RSI is at 34 indicating that the price is at an oversold region. worth watching to see how it plays out.
by simeon4real
🆓NEAR Protocol (NEAR) July-8 #NEAR $NEARThe $2.2 zone is a very strong support for NEAR and it is moving towards the $2.6 and $3.6 zones this July. If it loses the $2.2 zone, it will fall back to the $1.8 zone 📈BUY 🔴Buy : 2.15-2.25$. SL if B 🔴Buy : 2.55-2.65$ if A. SL if B 📉SELL 🔴Sell : 2.55-2.65$. SL if A 🔴Sell : 3.5-3.7$. SL if A ♻️BACK-UP 🔵Sell : 2.15-2.25$ if B. SL if A 🔵Buy : 1.76-1.84$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
NEAR > Ready for Moon! Breakout expected..>->->Hi friends, This is my analysis on NEAR. I think it is preparing itself for a fly to MOON. ""I will place a long order when i will see a Green Candle on 1 hour timeframe chart"" if it breaks the mentioned level, it can go till the next resistance. We will be aiming for high targets. STRONG UPSIDE REJECTION is a must to confirm this trade setup. Follow proper risk management and do your own research. ------My Previous idea on NEAR --(Profit$$)
Long
by tradethrill
NEAR Protocol Sandbox (June-2021) Technical The explanation for a short-term trade: We can see 2 clear action prize zones (white) based on pure price action analysis we have 2 possible outcomes: Buy (green path) : the safer way to trade that price action zone is to wait for a pullback to the zone and the buy long when the price goes above the previous daily green (bull) candle close. Targets: first TP point will be the restructure breaking point (yellow line) second TP will be the l-hight point and the last TP will be the previous H-hight point. Be careful and know that you are trading against the tendency so adjust your risk-reward ratio accordingly IN MY OPINION, THIS IS THE LESS LIKELY SCENARIO DUE TO THE OVERALL CURREN CRYPTO MARKET TENDENCY AND FUNDAMENTALS. Sell (red path): The plan for this trade is to wait for the price to break down the l-low point (under the price action zone) and go short after the breakdown or wait for a test to the price action zone and then go short. This can open an opportunity for a long-term trade aiming for the 1,25 - 0,87 area. The risk-reward ratio in this scenario can be greater. IN MY OPINION, THIS IS THE MOST LIKELY SCENARIO CONSIDERING THE CURRENT BEARISH TENDENCY AND THE OVERALL CRYPTO MARKET
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by josel_oc
NEAR PROTOCOL - SANBOXHere we have an opportunity ! This is a SMART CONTRACT PLATFORM... in simple words it is ETHEREUM without the huge GAS expending. And we are not talking about an ETHEREUM competitor from the outside... You can have the ETHEREUM CONTRACTS runing with the NEAR PROTOCOL, so all the developers that learnt with SOLIDITY they can run their contracts with NEAR also... ------------------------------------------------ Technical analysis On the chart you can see the psychological price levels that are predetermined by our subconscious. These prices are exposed by the numbers of nature: the fibonacci sequence In these price levels you will want to buy or sell depending on the path of the price... so the price action is going up and you don't know when it gonna stop... well fibonacci knows where... Buy Range : $2 - $4.7 Stop Loss : Daily close below $1.5 Target 1: $11 Target 2: $17 Target 3: $28 (JAN 22) (1400% PROFIT) - Really good daily and weekly candlesticks. - Expecting some very short-term correction to $2 (opportunity to buy) - Good upside projection - Volume is holding strong - Good risk/reward ------------------------------------------------ Fundamentals Only knowing that this protocol address the main issue that doesnt allow Ethereum to go mainstream (too expensive), but allowing the users of Ethereum to go with NEAR without any trouble gives you a notice. On Social Coinrank gives them 95/100.... they are very very wrong... I will give them 100. They have a really nice community with good projects and growing right now, you can check the forum is awesome gov.near.org 82.600 followers on Twitter NEAR protocol have 7 guilds !!! Big community with projects with purpose. Rank #68 COINMARKETCAP - MARKET CAP $1,280,000,000 Developer Rank 98/100 according with Coinrank.app ---> 456 commits in the past 4 weeks. And they are doing a bootcamp where developers can get a certification as NEAR DEVELOPERS, I am my self part of this bootcamp. So we will see more growing in the ecosystem ------------------------------------------------ Comparison What gives value to Ethereum? --> Transactions, Contracts, Community Well, we can have the same contracts and transactions efficiently with NEAR, and the community is strong! NEAR Transactions: 160.000 aprox in 24h (growing also, it was 120.000 on may) explorer.mainnet.near.org Fees: 0.0001 NEAR => $0.00035 for any transaction ETHEREUM Transactions: 1.140.000 aprox in 24h (decreasing, it was 1.500.000 on april) Fees: 13 GWEI => $3 for an ERC20 token transaction ----------------------------------------------- Extra dApps are a big deal on blockchain, it is how users interact and create value like with DeFi, and here is a list of dApps on NEAR: NEARPixels – Near Pixel Party is an NFT based game with a total supply of only 600 tokens. NEARNames – A fun app that lets users gift NEAR accounts to anyone. Ref Finance – A community-led, multi-purpose decentralized finance (DeFi) platform. Rainbow Bridge – Allows developers to transfer Ethereum assets and smart contracts to NEAR. Berry Club – The first yield farming app on NEAR. Sputnik DAO – Providing the Infrastructure to create funding and team DAOs. Pulse – An open-source app for prediction markets built on the Flux Protocol. Paras – An all-in-one, social, digital collectibles marketplace for creators and collectors. Flux – Prediction market I am very excited with the Sputnik DAO, this is really awesome you can create your own voting system, vote, propose, fund ideas, and more. ------------------------------------------------- Hope you liked ! Disclosure: I do not give financial advise, do your own research, best luck you all !
Long
by FritzWagner
NEAR BULLISH technical analysis SANDBOXNEAR Technical Analysis 1 In all markets, whether perfect or imperfect, they always tend to be influenced by a main behavior pattern, and this is what the theory of DOW states. DOW’s theory states that each asset even though it may be totally independent it will always be dependent on an index that will define its behavior. Today we are at a consolidation point with the strongest main index, the strongest index of cryptocurrency: Bitcoin. Thanks to this theory we can place ourselves in the altcoin market and make the most adequate decision. Now we must ask ourselves, in which market state are we at currently? Are we in accumulation? Or are we in crypto hibernation? In order to be able to answer this question, we’ll head to the graph and analyze it, because it never lies. The graph will always show us the sentiment of the buyers and sellers giving us the perspective and view of which side of the market is the winning side at this moment in time. Let’s place ourselves on the graph with a time frame set to 1 day. On this graph we can identify the beginning of a downward trend. However, who decides if it’s a downward or bullish trend? The definition of a bullish trend is given by the capacity to visualize the lowest possible minimums over a period of time on the graph. Here we can start to build our hypothesis. If we have only registered one lowest minimum possible, then can we really say that on the 1 day graph the trend is downward and negative? I don’t think so. The cryptocurrency era was inspired by DeFi which is just now starting its bullish run, and we could be wrong of course, but that’s what technical analysis is for. What we can observe from this graph is a clear pattern of accumulation in which to be able to define and declare there is a downward trend beginning we would have to break through $1.80 with strength. So, we’re going to create an action plan for that pattern of accumulation. We have two scenarios. The first scenario is A: this one defines an immediate increase in the price in which breaking $3.60 could let us experience new maximums by the end of the year, having as the main barrier the $6 resistance. We also have scenario B in which we could see the breakage of the $1.80 resistance zone where we will place ourselves on three buying points defined by the biggest volume accumulations that NEAR coin has ever shown. Those accumulation volumes were at: $1.50 and $1.00. The idea is to be able to confirm that the downward trend has begun. For this confirmation, we need to see the reference coin bitcoin back at the $20,000 price at least. When bitcoin is in that zone, then we can go ahead and place two buying orders to make sure of two things. The first thing is to not place all your eggs in one basket. The second thing is to take the most advantage of the two buying zones that NEAR is offering. We’re going to set as our stop loss the zone that is below $0.50 selecting one fourth of the investment on the breakage of the $0.60 price, and a definite stop loss that includes one half of what’s left of our position at $0.10 and this one would be the highest risk scenario in which we could fall into. In this way, if scenario A is given then we could achieve at least three times what we are willing to risk.
Long
by mv-trading