NEAR - Outlook ✅Let's see how NEAR is behaving.
This is a 1D chart.
The Fib retracement shows that the price is going to the higher levels, approaching retest the resistance and ATH areas.
The market is showing STRONG BUY volumes for NEAR.
Two support areas are holding the price up in case of sudden crashes. And two resistance levels are pushing down on value (one of which is the ATH level.)
NEAR has become overbought six times in the past few months.
The RSI shows that NEAR is above the 50 levels, the center. Given that we're looking at a 1D chart, we might conclude that near might retest ATH once more.
Now is it a good time to enter and buy this coin? I would have waited for a clean and confirmed breakout. But hey, it's just me.
But if you want to wait for the breakout, you should wait until we break the ATH level, and then after closing a 1D candle above that area and turning our resistance into solid support, that's when you can enter.
But this time is a good window if you think it is not a FOMO to get into it now and want short-term profits.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $11.114
Let me know your ideas.
Good luck.
NEARUSD
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NEAR/USDTNear has a big support above it's head, MACD seems to be crossing, RSI shows some weakness in shortterm. I expect the price to correct a little bit to the 8.9 area which may be first good entry and then I marked on the red another place for entry which is the best in my opinion because there is 0.618 fibo + MA and support which previously was our resistance.
I mainly will be looking to entry in area of confluence which is at 0.618 fibo.
It is not a financial advice, I'm just sharing my personal view.
NEARUSDT - 2 ways for entryBYBIT:NEARUSDT
4H trend chart
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NEAR go back to Vegas 12ema right now after hitting Vegas 144/169ema.
If price can keep being here until 4H closure, it'll meet the entry of Vegas tunnel trading.
Moreover, there is an upper downtrend line in the middle part of the chart.
If price can break out the trend line w/o wicks top, it's also an entry timing.
Trading strategy as below.
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Profit Targets:
a) 13.23----Fib(1)
b) 14.988~15.699----Fib(1.272~1.382)
c) 17.225----Fib(2)
Stop losses:
a) 9.94-----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
NEARUSDT - Buying time of the FlagBYBIT:NEARUSDT
1H trend chart
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NEAR is building a flag, and there is an oblique inverse HS pattern in this flag.
If price can break through the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 13.23----Fib(1)
c) 14.988~15.699----Fib(1.272~1.382)
d) 17.225----Fib(1.618)
Stop losses:
a) 9.836-----Red horizontal ray
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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!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
NEARUSDT : Is it time to entry again ?In 1h chart
It went down to look for support after touch 13.23,there is a potential double bottom pattern .
If price can stand firm above 10.761,trading strategy as below.
SL:9.836
TP1:13.230
TP2:14.988
TP3:15.699
TP4:16.462
TP5:17.225
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NEAR 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,
EXCAVO
NEAR - potential trade 🚀🚀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.
This is an interesting project from a fundamental point of view. It could be a good coin to invest in.
If we analyze the coin from the technical analysis side, the price has broken through the triangle and is approaching the important level of $8.57.
A good buying opportunity would be after the price squeeze near this level and breakdown.
Targets are the local high and the historical high, which is a strong resistance.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
⭕NEARUSDT : Did we predict and next...
Click the pic to read last post and detail
✅TP1:8.752
✅TP2:9.402
✅TP3:9.665
It hit 3 TP already!!
Take some profit and be patience
And the most important ,enjoy your weekend!
TP4:10.228
TP5:11.141
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NEARUSDT : Is it time to entry ?In NEARUSDT 4h
It is breaking out and we should make sure the closure higher than the triangle in 4h timeframe !
After 8.752 be broken ,we can modify the SL 6.904 to 7.6 and TP is the same.
TP1:8.752
TP2:9.402
TP3:9.665
TP4:10.228
TP5:11.141
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.