Simple but smartHi guys
There is valid support for one-day timeframes. I think you can think about buying until this support is broken. But if this support is broken, it is suitable for getting shorts
Meanwhile, this analysis is only for a fluctuation and it is a bit unlikely at the moment until the price resistance increases
Do not pay attention to shadows
Please like and follow for support
NEARUSD
NEAR PROTOCOL SHORT TERM ANALYSISNEAR has been one the strongest alt coins in the entire cryptocurrency market over the last few weeks/months. With that being said, everything that goes up must go down, unfortunately. NEAR has bearish divergences on almost every time frame, and is way too overextended on the weekly and monthly timeframes. I am expecting a top at around $20.5 to 21 USD, where I will be entering a SHORT position with an approximate target of around $13.7. I expect this trade to take around 5-10 days to play out. I believe BTC will dump to mid 30K levels this week, which will be the catalyst for this projected dump.
Safe trading!
ENTRY: $20.5 (50%) , $21 (50%)
EXIT: $14
(NEAR) Where are you going to ? 📈 📉Hello everyone !
Today H₿ Capital is analyzing NEAR based on a « Weekly » chart 📈
What we can see :
- Since October 2020 until now, prices are progressing into a parallel channel. Right now Near is trading right on the upper line of this channel. It seems that 20$ is a strong resistance that Near must break to reach higher levels.
- By using the Trend based Fib extension, we can see that prices had difficulties breaking the 2.618 Fib Extension.
- We got a bearish divergence on the RSI
- The CHOP index tends to decrease which indicates a loss of strength
- Spreads are positive, it would be better if it became negative
What we can expect :
- If prices fail to break the upper line of the parallel channel (which coincides with the 2.618 trend based fib extension) then, we can expect Near to reach the following support levels :
Support levels :
1. 13$ —> 1.618 / 0,382 / Tenkan
2. 11$ —> Kijun / MM20
Best buying area :
1. 8,86$ to 5,64 $ —> 0,618 / 0,786
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
NEAR - Buy it with these TP/SLBYBIT:NEARUSDT
4H trend chart
-
NEAR has broken the short-term downtrend line.
And it also met 4H Vegas entry.
So we can open position here with good R/R ratio.
-
Profit Targets:
a) 18.714----Blue horizontal ray
b) 20.597--------Fib(1)
c) 22.635~23.460--------Fib(1.272~1.382)
Stop losses:
a) 16.122-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
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Have a nice trading!
💡Don't miss the great buy opportunity in NEARUSD @NEARProtocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (16.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEARUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 41
Take Profits:
TP1= @ 18.16
TP2= @ 19.14
TP3= @ 20.48
TP4= @ 22.00
TP5= @ 23.76
SL= Break below S2
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🌳NEAR is about to fall ( a little Bit)Hello every one
NEAR/USDT
NEAR Is in an Ascending Channel and The Price is now Right at The Top of The Mentioned Channel The Price Shall Fall From Here & we Expect It To Touch The Support Levels Which we Drawn On The Chart. The Middle Line of The Channel Can be a Good Support (MInor Support) There is a Regular Bearish Divergence (-RD) On MACD as Well which Strengthen This Bearish Prediction. There is also a Slight Chance That It Would Fall to It's Major Support as Well. The Price Movement might Be Like what's drawn on The Chart.
🟡What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
🔴This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
NEARUSDT, We are reaching to the top of channelHello everybody
We backed with another amazing powerful project. NEAR is one of my favourite project that is working on ...
If you want to learn and know anything about fundamental or analysis send us messages in private of social media or trading view
According to the chart you can see the price is moving in upward channel and we expect the price reach to the top of the channel and then the sell order activate and the price drop but if its wanna change upward trend to downward it should check and re-test again the top of channel then its ready to dump.
If you wanna take sell position and sell your spot at the top of channel at first take signal like reverse hammer or descending cover or pattern price or ... then entrance in position and observe to capital management
Good Luck
Abtin
NEAR/USDT ChartHi. I try to post often so if you could follow and like the idea it would mean a lot to me. I will start streaming on Tradingview on friday.
NEAR is very bullish right now broking the 16.30$ area and heading towards the 20$ target. Overall market conditions looks good to bullish altcoins move so we don't expect a BTC chop right now. In the 1D chart we can confirm a great volume in the last 2 days so I believe in the 20$ target. 4H chart also looks preety good so no problem there. 1H chart has a bearidh divergence but I dont expect a correction that can affect the bullish bias of the coin. Comment what you think.
I will do my first test stream on friday at 16H UK time so follow and come to the stream. I will answer questions and talk abou the market. Hope to see you there!
Nearusdt: Sell opportunityHello Traders!
This is Nearusdt's short trade.
Nearusdt has given a bullish breakout and we can see a reaction pattern. This reaction pattern is a selling opportunity and we will hold it till the support area.
Stoploss is 2% of the investment and target is 14% of the investment
Suggested leverage 10x
Don't forget to hit like button and follow to stay connected
Nearusdt: Time for more DipHello traders!
The market is slipping down slowly but this fall is going to end soon but not for all the pairs if we look at the chart of Nearusdt we can see that it's about to break the support and as usual what I teach you is that market never moves in the direction of the breakout but it pushes back itself after the breakout. It happens because of sudden buyin/selling pressure. So expect some retracement which will start after the breakout of support and the real fall will start after the breakout of trendline where most traders are waiting to buy but we will go for the sell.
If we look at the 3rd breakout we can see a correction below the breakout. If this correction was connected with the support line then we should have seen another pump but because this was the third and the last breakout so it didn't connect purposely and started to fall.
If you want to learn this then I have posted an educational post with the title "Father of all strategies".
This is the last time I am warning the traders that don't follow traders who draw big lines after the breakout. They are just doing a dirty business of selling signals and paid courses which never works. LOL, because after the breakout market turns back and it is the natural behavior of the market.
There are a few more secret powerful methods that I will teach you soon.
Don't forget to hit the like button and follow to stay connected.
NEAR (NEAR Protocol) Coin Analysis 01/04/2021as we had Analyzed this coin Earlier and Capitalized on it, we are Updating it and taking new Positions...
Fundamentals:
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
Fees for processing transactions and storing data.
Running validator nodes on the network via staking NEAR tokens.
Used for governance votes to determine how network resources are allocated.
NEAR tools include:
NEAR SDKs which includes standard data structures and testing tools for Rust and AssemblyScript.
Gitpod for NEAR to create a zero time onboarding experience for developers.
NEAR Wallet that lets application developers create streamlined user experiences.
NEAR Explorer to aid with both debugging of contracts and the understanding of network performance.
NEAR Command Line Tools to allow developers to deploy applications from local environments.
NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts which interact with a transaction, while the remaining 70% are burned.
NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming.
The two met while Skidanov worked at U.S. startup accelerator Y Combinator, and in July 2018 began work on a project which focused on allowing developers to build and release software with less friction.
This project became what is now the NEAR Protocol, and employs more than 40 staff, including developers with experience at Google and MemSQL.
According to NEAR Protocol’s official website, many of the developers hold prizes and nominations from competitions in coding and related fields, notably the International Collegiate Programming Contest (ICPC).
Skidanov himself worked at both MemSQL and Microsoft, while Polosukhin contributed to end-to-end open source machine learning platform TensorFlow and Google Search.
Technical Analysis:
there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation and we can also see that the price has done its Accumulation followed by a n up move and currently retracing and correcting it self where the reaccumulation is going on and we can see it has shown the Hidden bullish Divergence with MACD along the process.
there total of 3 Targets defined by the Fibonacci Projection where as the 3 TP gets its confirmation as the Price Triggers the 2 TP followed by some Price correction