NEAR Is One The Most Promising Crypto In This CycleHello, Skyrexians!
Today we have the coin with the one of the best dynamic on this bull run. We are talking about BINANCE:NEARUSDT . Previous bull run looks not so impulsive that on other coins, but it is because the lowest point in covid crash has not been printed here, listing was later. Anyway, bear market in 2022 was severe for this asset, it retraced much lower, than 0.61 Fibonacci, but growth in the beginning of 2024 make this coin really promising!
Let's take a look at the weekly time frame. Let's count previous bull run as the global wave 1, in this case, bear market wave 2 has the ABC zigzag structure has been finished in October 2023. From there we saw the impulsive wave 1 inside the new cycle, the global wave 3. There were doubts that Near is a trending asset, but currently there is a high probability, that we will see new ATH in 2025.
Another one strong sign of great potential is the green dot on Bullish/Bearish Reversal Bar Indicator inside the local 0.61 Fibonacci retracement. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Currently NEAR is inside the most impulsive part of cycle. This is wave 3, which has the target between 1.61 and 2.61 Fibonacci extension at $35 and $55.
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Skyrexio Team
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Nearlong
NEAR/USDT Trade IdeaOn the four-hour chart, NEAR/USDT has shifted to a bullish structure. We're considering a potential buy setup, with targets set at the prior high levels indicated on the chart. Please note, this is shared for informational purposes only and should not be taken as financial advice—ensure you carry out your own research.
NEAR/USDT Reaching Into Highs Is A 4H Retrace The Opportunity?👀👉 NEAR has recently pulled back from a significant liquidity range and is now pushing back into the highs, leaving traders curious about the next move. I'm inclined to look for a buying opportunity, but this will depend on a retracement to equilibrium and a bullish structural break. 📊 Disclaimer: This content is for educational purposes only and should not be taken as financial advice. Always conduct your own research and trade responsibly.
NEARUSDT Ready for Takeoff!!NEARUSDT has successfully broken out of its trend and retraced, and it’s now setting its sights on key resistance levels. A successful breakout could trigger a significant upward move, making this an exciting opportunity for traders. Remember to always maintain your stop loss to manage risk effectively. Keep an eye on NEARUSDT—it might just take off!
NEARUSDT Currently trading at $5.2
Buy level: Above $5.2
Stop loss: Below $4.35
TP1: $5.8
TP2: $6.5
TP3: $7.5
TP4: $9
Max Leverage 3x
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-NEAR WILL RISE-Near is currently trying to break resistance zone in NEARBTC parameter.
On it's on Near/USDT chart, Near is going to climb through 8 in a few days at most but it's not the thing that matters right now.
NEARBTC is strong and stronger than ever.
Too many new addresses creating during this period and altcoin season hasn't even started yet.
On chain data looks ultra bullish for me for a while.
I'll skip the technical detail you won't care, instead;
Short Term Targets For Near:
7.4-7.8-8.2-8.8
Long Term Targets For Near:
9.1-11.2-16.2-22
Use Spot option to buy if you're going to hold until the season ends.
Good Luck To Us All.
NEAR/USD - Overshoot at the Light Blue Resistance ZoneIn my previous analysis, I explained that NEAR is in a key resistance zone with the highs around $7.20. NEAR had a strong overshoot with a long wick up to $9. There has been a lot of FOMO in the market driving prices way above their targets, and we are starting to see bears regain control at these high prices. I think NEAR needs a much steeper correction below $5, and I would monitor the price action in this resistance zone to see if the price can continue to hold above $5. If NEAR remains in the resistance zone it is likely to move sideways above $5 to avoid a drop.
#NEAR/USDT#NEAR
The price is moving in a descending triangle on the 12-hour frame
We have a commitment to the boundaries of that triangle
Now the triangle is about to break upward, as well as the Moving Average 100 breakout
We have buying momentum on the MACD indicator
Entry price 2.93
First goal 3.32
The second goal is 3.65
Third goal 4.10
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD
Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>>
The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low.
This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning.
Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
For this best zone (NEAR)📊Analysis by AhmadArz:
back to break of trendline & candle of bullish.
🔍Entry: 3.66
🛑Stop Loss: 4.48
🎯Take Profit: 3.80 -4.48
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