Near/USDT analysisThe pair Near/USDT is forming a falling wedge on the 4H time frame (Green lines), the pair also testing an important fib area between 0.5 and 0.618 on the daily time frame, which coincide with the bullish trend line on the daily (the yellow line) , if the pair could retest all the supports (Horizontal green line) and go up from there, that may lead to push the price of near to a higher level.
On the 1H time frame Near/USDT also showing some strength by forming an inverse head and shoulders pattern exactly inside 0.5 fib level.
Considering all the data above Near could breakout the falling wedge during the next couple days and hit the target 6.1usdt.
Nearbreakout
NEAR NEAR / USDT
86% Crash from the 2021 Bullrun top
Finally Bulls start to show some actions here at the uptrend line in which price was pumped hard every time when touched it
As long as we stay above this support , the priority is for bulls and this might be the bottom for this coin
Invalidation : loss uptrend-line
Best of wishes
NEAR Protocol formed bullish Gartley for upto 1029% big rallyHi dear friends, hope you are well and welcome to the new trade setup of NEAR Protocol coin. (It's a high-risk high reward plan)
On a monthly time frame, the price line of NEAR has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NEAR/USDT BREAKDOWNHere is the Quick Update of #NEAR ;
Near breaks the ascending Channel to the Downside and now trading below the ascending Channel. Major Support zone Is $4.78- $4.05 . Little Bounce is expected From This Zone . Breaking Below This Zone can Lead NEAR towards the next support zone of $3.42-$3.04 or $1.88-$1.68 .
Near needs to Return back in the ascending Channel to be bullish Again . Now If You want To invest in Near For Long-Term then You Should Buy with a Small amount at $4.75-$4.1 . And Invest More if It will come to 1.88$ area ...
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#DYOR
NEAR BullflagConsidering this whole upper structure as a bullflag, ultimately leading to continuation of the previous bull market
The alternative outcome is that the formation acts as a double top and price comes back to the channel
The bullish state of the indicator on this daily frame is welcomed although
#NEAR/USDT 4HOUR UPDATE BY CRYPTOSANDERS Hello community members welcome to the NEAR/USDT 4hr chart analysis by CRYPTOSANDERS
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that NEAR/USDT broke the triangle pattern and retested well.
According to the current scenario, it can move up by almost 30% from the green zone which is also a support zone.
So, here we can take a long position for some short-term profit gains.
Entry:- $15.566,$16.090
Traget:- 30%
Stoploss:- $14.950
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
$NEAR Trade Idea - Very Good Opportunity On The 4H Chart!!Hi Traders,
This is what I see for $NEAR in the next few Weeks, After a perfect reversal from the 20/21 ATH which turned to current Major bottom with god volume and momentum, followed by a breakout and retest of the mentioned resistance area, speedy than Bitcoin, Near may reach the mentioned targets sooner than what I expect!
Direct entry with buy zone up to 11$.
STOPLOSS: 1 DAY CLOSE BELOW 10.3$
Targets:
15$
16.5$
20$
25$
TBA
NFA, DYOR, and Good luck.
Let me know what do you think in the comments! smash that like button if you like the idea!
Good luck everyone.
HINDCOPPER NEAR STRONG RESISTANCEStock has spent time near strong trend line and has a good reaction to the the trend line
RSI has above 60(Good Strenght)
OBV has given breakout prior to price breakout
Stock has outperformed Both benchmark and Sectorial Index in 1 Week and 3 Month
Higher Trade and Delivery Quantity on 13 Jan
NEAR 3 waveHere we go, everyone, a chart on NEAR, as many have requested.
NEAR is in a strong uptrend well above its two means of 50 days MA and 200 days MA. By dividing the price pattern in waves, we can appreciate that NEAR is well into the 3rd wave of primary degree. This has started earlier compared to other crypto and BTC. As you can see from the chart, I am now expecting a retracement around the 21-22 area due to be the 160% extension of manor wave 1, the usual target for wave 3. After that, I expect a retracement to around 14-15, which correspond to the 0.38 of minor wave 3. It is also where the last correction (Flat, ranging) is before the new all-time high. There will also probably sit the 50MA. If the price there will break by 13$, we can expect a revisit of the middle of the EW channel around 10.
As you can appreciate, I then expect NEAR to go to 31.
Also, we can notice a bearish divergence unfolding on the daily frame. However, I would wait for a new high to settle in with a bearish pattern before playing this divergence.
Volume has also picked up the pace on the break-out, which gives confidence about the move. However, always remember to wait for confirmations and place your stop losses.
I wouldn't enter now but wait for a meaningful retracement.
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NEAR Protocol Analysis Bullish On 1D NEAR has more potential than Solana.
Infrastructure projects are now being created in the NEAR ecosystem. The active phase of the project's development has begun. My opinion is that we will see the price for 1 NEAR above $50 in the long run. NEAR is close to updating the ATH . The nearest strong resistance is around $20. NEAR has a strong team that is focused on cooperation in the market, not competition.
NEAR is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators. NEAR Protocol is focused on creating a user-friendly platform.
The NEAR ecosystem announced a monumental $800 million in funding initiatives targeted at accelerating growth.
The announcement, which includes the $350 million in funding announced by Proximity Labs is designed to build on the momentum in the NEAR ecosystem over the last 12 months.
While NEAR is giving all communities access to this record amount of funding, it will be focusing on Decentralized Finance (DeFi) teams who are actively revolutionizing and reimagining the way we interact with money.
There are now more than 1.3 million active accounts on the network,
according to the statement. DeFi projects on NEAR have already hit a significant milestone of more than $150M Total Value Locked ( TVL ). NEAR has an ambitious goal to grow that number quickly and securely. NEAR is also actively looking for projects focused on NFTs, DAOs, and gaming.
NEAR’s next chapter is all about fostering growth by helping developers access best-in-class support and providing users with a frictionless experience using and navigating the web3 world. New funding helps accelerate this process.
Of the $800 million in funding, $100 million will be allocated to Startup Grant Pools. More than 20 startups will be identified and given $5M each in funding to redistribute to key stakeholders – the ecosystem ultimately decides who gets funding.
Some $250 million will be allocated to ecosystem grants helping existing projects further develop and scale. The remaining $100M will be allocated to Regional Funds: money allocated to foster the development of NEAR’s largest community regions in Asia, Europe, and the US.
It’s backed by venture-capital firms such as Andreessen Horowitz’s AI6Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Coming soon, Aurora IDO is an EVM built on the NEAR protocol that provides developers with a turnkey solution for running applications on an Ethereum-compatible, high-performance, scalable, and future-safe platform with low fees.
Stay tuned for future news, updates, and more.
Best regards,
Muhammad Ghazanfar