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Nearprotocol

Speculative C&H Pattern on the weekly NEAR chart. Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this now so I can watch the fun weeks-months from now by clicking play and see how well it plays out *not financial advice*
COINBASE:NEARUSD
by DrDovetail
2
NEAR / ETH - A potential trade to increase your ETH holdingsNEAR / ETH A potential trade to increase your ETH holdings ⌛️Potential Head and Shoulders Forming with break out pending (not confirmed) ⌛️ OBV Decision Due - Rejection off resistance or break above? Either way there is a potential trade here, ideally with a break above the H&S, then I would allocate some ETH to NEAR. I might consider an entry around current levels and if we drop a bit towards the 21WSMA (blue line) If you combine this set up with what was discussed in the last post on ETH/EURO, you can see a similar set up. EURO < ETH < NEAR > ETH > EURO An important distinction to make is that one could assume if we get break outs on both charts and reach approximate guessed target levels, we can potentially 2x our ETH position or 4x our EURO position. Whilst the latter sounds better, if our ETH position 2x's, its because ETH has outperformed EURO. Thus, buying ETH with EURO and trading the ETH/NEAR might be could be a good approach to this trade. How realistic are the targets? If NEAR hit our target levels it would have reached top 10 status in terms of market cap, so its a big ask. NEAR currently sits as the 21st largest by market cap in crypto with a €5.9bln market cap. Shiba Inu and Dogeoin are 9th and 10th largest by market cap at €23bln and 21bln respectively. I see no reason as to why NEAR Protocol and all it offers could not stretch near to these two funbun coins rattling around the top 10. Time will tell, ill keep you posted on any changes here and on TradingView PUKA #NEARProtocol
Long
by PukaCharts
A NEAR Breakout - NEAR PROTOCOLNEAR / EURO ⌛️Potential Parallel Channel Break Out ✅ Good Risk:Reward for small/medium position ✅ OBV has broke above key resistance line ✅ Volume spikes previously indicated move up Ideally, waiting for a break above the parallel channel is the safest entry or waiting for a bounce from the 10W SMA (blue line). Folks just look how accurate and useful the On Balance Volume (OBV) has been on this chart. I have been using it a lot more lately, and intend to in the future. Easily could see a pull back before any breakout and we could easily break down below 10 week SMA so my so my stop is placed at $3.80 (-30%). This is a small position trade so I cant lose a lot here but I could 4x that small position into something so that's the potentially against s 30% loss. Just for the record I could change my mind and exit early or allow for a quick puncture of the stop if I thought it was a stop hunt. I will follow this tweet with how this chart looks on the ETH pair, because it could present an opportunity to increase your ETH at present if it continues to outperform ETH. PUKA CRYPTOCAP:NEAR €NEAR #NEAR #NEARProtocol
Long
by PukaCharts
2
3 possible scenarios for NEAR price movement in the coming monthDo you think that yesterday's "shaking out" of positions was at the same time a necessary correction to continue growth? Or can and should the NEARUSDT price still correct to before continuing to $2.5 grow to $10? Or maybe it's "game over"? NEAR price growth cycle over and a deep correction to the $1.5 area ahead? Vote in the comments which scenario you prefer, or write your own version. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6
Near Protocol is now on my radar; 2 bullish breakouts in playBeen hearing lots of good things about NEAR so finally pulled t up on a chart and I can see in the short term it is currently breaking upwards from a descending channel which looks much more like a bull flag on higher timeframes, as well as an inverse head and shoulder pattern. I have illustrated both measured move targets here on the chart; The purple dotted line representing the bullflag target, and the green dotted line representing the inverse head & shoulders target. * not financial advice*
BINANCE:NEARUSD
by DrDovetail
NEARUSD Ahead of another bullish breakout.NEAR Protocol may be overbought on the 1W timeframe (RSI = 80.848, MACD = 0.649, ADX = 57.589) but as it closed three weeks ago a 1W candle over the 1W MA100 for the first time ever, it is approaching the R1 level (6.13750). If broken, we expect the continuation of the rally and our target will be on the completion of a +1,305% rise (TP = 12.55000). The reason is that twice in its short history, NEAR has had this king of rally. Then upon a short-term correction, we expec the All Time High to get tested (TP = 20.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:NEARUSDLong
by InvestingScope
NEAR Protocol Price TargetWith the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for NEAR Protocol is the next resistance, $3.40.
Long
by TopgOptions
NEAR/USDT watchout Bullish Breakthrough? 👀NEAR Analysis💎Paradisers, a prime trading opportunity is unfolding with #NEARUSDT as it challenges the descending channel's resistance, hinting at an upcoming bullish shift. 💎 Our analysis shows that #NEARPROTOCOL is initially eyeing the supply zone at $3.2014. This level is pivotal; a respect for this zone could trigger a retreat, offering us a chance to capitalize down to the lower demand at $2.5573, where a bullish resurgence is anticipated. Conversely, breaching above the $3.2014 supply could set the stage for an ascent towards the next supply zone at $3.7803. 💎 As prudent traders, we must also prepare for the scenario where #NEAR dips below the $2.5573 demand. Such a move could indicate further declines, so it's crucial to stay vigilant for potential price traps and ensure we're entering the market with a solid setup.
Long
by MyCryptoParadise
NEAR/USDT Eyeing for the Supply Zone? 👀🚀NEAR Analysis💎Paradisers, let's focus on #NEARUSDT, as the current trend is hinting at a potential strong bullish recovery from its critical support zone. 💎A review of #NearProtocol's recent market behavior shows a notable 45% decline after encountering resistance at a key supply level. Yet, it's displaying resilience around the support level of $2.46, indicating prospects for an upward trajectory. 💎Despite challenges in reaching new highs or surpassing previous peaks, leading to a temporary bearish outlook, the $2.46 mark remains pivotal. This level could potentially trigger a significant bullish surge upon retesting. 💎As proactive traders, we're always ready with an alternate plan. If #NEAR fails to hold at the $2.46 support and dips lower, we're prepared to anticipate a bullish rebound from the lower support at $2.07. However, bear in mind that a descent below this additional support will suggest a deeper bearish trend. 💎Stay flexible with your strategies and vigilant with the market, Paradisers. Your ParadiseTeam is continuously monitoring, and prepared to navigate you through these market movements.
Long
by MyCryptoParadise_Simon
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 .
BINANCE:NEARUSDLong
by tradepsych
NEAR/USDT TRADE SETUP! #NEAR: Entry Point: Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions. Additional Entry: Be prepared to add more positions if the price drops to $3.34. This level is identified as a potential strategic buying opportunity. Target Prices: Set specific target prices at $3.52, $3.6, $3.78, $4.01, and $4.2. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): Set a stop-loss at $3.236. This level is chosen to limit potential losses and effectively manage risk. Leverage: The recommendation advises maintaining low leverage and entering the market at the lowest possible price. It suggests a gradual entry approach and encourages traders to avoid sudden decisions. Using leverage cautiously is crucial to minimize risk. Cautionary Note: Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the importance of conducting personal research for informed decision-making. Includes "NFA" (No Financial Advice), emphasizing that the provided information is not a recommendation for financial decisions. In summary, the recommendation outlines a trading strategy for #NEAR, providing specific entry points, target prices, and a stop-loss level for risk management. It emphasizes caution with leverage, gradual entry, and the necessity of conducting personal research. As always, the information is not financial advice.
Long
by CRYPTOMOJO_TA
NEAR Foundation Cuts Workforce by 40% The AMEX:NEAR Foundation, the driving force behind the Layer 1 blockchain NEAR Protocol, has recently announced a significant restructuring plan that involves a 40% reduction in its team. This decision, revealed by CEO Illia Polosukhin on January 11, comes as the organization shifts its focus toward a more targeted set of activities. The move is said to be a result of an internal review that identified inefficiencies within the Foundation's operations, prompting a strategic consolidation of its core team. Downsizing Details: The restructuring plan will impact 35 team members across various departments, including marketing, business development, and community teams. In his announcement, Polosukhin expressed the Foundation's commitment to supporting the affected colleagues during this transition, facilitating their exploration of new opportunities within the NEAR ecosystem, the broader Web3 industry, and beyond. Review Findings: The decision to downsize appears to be rooted in a comprehensive review of the Foundation's activities, revealing shortcomings in its effectiveness. Polosukhin stated, "Following this review, we have decided to significantly consolidate the core Foundation team to focus on a narrower and higher-impact set of activities." This strategic realignment aims to enhance the Foundation's overall efficiency and impact in the blockchain space. Financial Standing: Despite the organizational changes, Polosukhin reassured the community that the NEAR Treasury remains robust. With over $285 million in fiat currency, 305 million AMEX:NEAR tokens (valued at over $1 billion), and $70 million in investments and loans, the Foundation maintains a strong financial position. This stability provides a foundation for the ongoing development and growth of the AMEX:NEAR Protocol. Allegations by Wintermute: In November, crypto market-making firm Wintermute raised serious allegations against the AMEX:NEAR Foundation and its subsidiary Aurora Labs. Wintermute's founder and CEO, Evgeny Gaevoy, accused the Foundation of failing to honor an $11 million redemption deal related to NEAR's now-defunct stablecoin, USN. The transaction was supposed to allow Wintermute to redeem USN for USDT on a 1:1 basis. However, NEAR Foundation allegedly refused to honor their commitments, leaving Wintermute without the expected USDT despite submitting the redemption request months earlier. Conclusion: The AMEX:NEAR Protocol's recent restructuring and the subsequent allegations by Wintermute add a layer of complexity to the blockchain project's narrative. As the AMEX:NEAR Foundation navigates these challenges, the broader blockchain community will be watching closely to assess the impact on the protocol's development, adoption, and overall reputation. The combination of internal changes and external criticisms underscores the dynamic nature of the blockchain industry and the importance of transparency and accountability in sustaining trust within the ecosystem.
by DEXWireNews
1
NEAR/USDT preparing for upward momentum? 👀🚀NEAR Analysis💎Paradisers, take note of the current trend in #NEARUSDT, which is indicating a likely bullish continuation from its current demand zone. 💎 NEAR Protocol recently experienced a decline after facing rejection at a strong supply level. Currently, it's gathering momentum in the demand zone at $2.877. If it can maintain momentum above this level, there's a considerable probability of an upward movement, targeting the higher supply level at $4.483. 💎 However, if #NEAR encounters difficulties in sustaining above the $2.877 demand level, a strategic reassessment may be necessary. 💎 In such a scenario, we would shift our attention to a possible bullish ascent from a lower support level at $2.289. Keeping a close watch on this level is crucial, as a drop below it could necessitate a strategic shift, underlining potential obstacles in maintaining a bullish trajectory in the #NEAR market.
Long
by MyCryptoParadise
1