Near Protocol Trend BreakoutNear Protocol broke the upward trend and entered a negative mood. It also fell below the moving average. There is potential for a pullback to $4.66. Manage your risk well.
NEARUSD
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀
NEAR is trading at an attractive price point.
It already broke out on 14th May and has been retesting for the last 2 weeks.
It is one of the few coins I will be holding with low leverage for the next few months.
- Entry: $7.462 add up to $6.15 if it gets there.
- Target: $30.201 to $100
- Stop Loss: $5.926
This altcoin can easily hit $100 by the end of this bull run! 🚀🌕
It is one of the strongest altcoins in AI and Big Data Narratives.
DYOR, NFA
Please hit the like button and share your views in the comment section.
#PEACE
NEAR buy setupConsidering the bullish price structure in the big time frames, it seems that NEAR will go up again by meeting the specified demand.
From the previous SW H, it can be counted as the first target
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn
Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon.
Wedge Pattern and the Analyst's Call
In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn.
The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%.
Metrics Supporting the Downturn Theory
The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest.
While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong.
Understanding Wedge Patterns and Analyst Predictions
It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space.
Here are some additional factors to consider:
• Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards.
• Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators.
• Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market.
Investor Takeaway: Research and Diversification
The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions.
Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk.
Conclusion
Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
near → at least 50% profithello guys...
as you can see, BINANCE:NEARUSDT is on an ascending channel!
on the other hand, it made a double head and shoulders pattern and broke the neckline!
you can enter when the retracement happens and put your target on 10.84$. so you can get at least 50% profit!
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
NEAR IH&S to $10-11Last week NEAR completed an inverted head and shoulder pattern. The breakout had good volume and over the weekend we have retested the pattern's neckline, confirming it as support. I anticipate price to begin moving up to the target area.
Near, too far? Elliott wave and Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
Busted above this level before.
Now its coming back for a retest.
That combined with the Elliott wave count.
I think there could be a bounce here, for at least one more move to the most recent high. If price breaks below 7.70 swiftly, I think it may turn back into resistance.
NEAR Protocol Eyes Critical Resistance: Breakout or Pullback?As NEAR Protocol (NEAR/USDT) continues its bullish ascent, NEAR approaches a crucial resistance level at $8.443.
Support Levels:
$4.944 : A significant support level that has been tested multiple times, acting as a strong floor during the recent uptrend.
$2.714 : Another support level that was respected during the downtrend and recovery phase.
$0.997 : This level marks the lowest point on the chart, providing a major long-term support.
Resistance Levels:
$8.443 : The current price is approaching this resistance level, which aligns with previous peaks and consolidations.
$17.024 : A historical high that could act as a strong resistance if the price continues to rise.
Potential Scenarios :
Bullish Case : If the price breaks above the $8.443 resistance, it could target higher resistance levels, potentially moving towards $13.00 and then $17.024.
Bearish Case : If the price fails to break the $8.443 resistance and reverses, it might retest lower support levels like $4.944 or even $2.714.
NEAR 80% potential profit!NEAR has reached resistance and has an ascending local structure. Additionally, we see a huge volume from the bottom for buying. The chart looks very similar to PEPE (attached below). We can look for an entry point after confirmation above the resistance.
Important section: 6.974-7.700Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(NEARUSDT 1M chart)
The box section of the HA-High indicator spans a fairly large range.
Accordingly, I think it is highly likely that there will be significant volatility until the box section of the HA-High indicator converges.
Adding the EMA indicator to a secondary indicator can help predict the movement of the secondary indicator.
In other words, adding the EMA indicator of the BW indicator or StochRSI indicator can help predict future movements.
For example, if BW < BW EMA, you can know that there is a high possibility of a decline in the future, so you can have time to react.
Therefore, even if the BW indicator is located at the highest point of the overbought range, this means that there is still time to change to the state of BW < BW EMA.
StochRSI indicator Also, although the StochRSI indicator is showing signs of turning downward in the overbought zone, you can see that there is time to reach a state where StochRSI < StochRSI EMA.
Therefore, adding the EMA indicator to various auxiliary indicators may be advantageous for interpretation.
(1W chart)
It received support and rose near the HA-Low indicator and is continuing a stepwise upward trend following the HA-High indicator.
This is the last time to buy at the low point until the box section of the HA-Low indicator is formed and the price rises above the upper point of the box and appears to be maintaining the price.
However, when the HA-Low indicator is supported and rising, it is actually not easy to proceed with the purchase.
Full-fledged buying occurs when it receives support near the HA-High indicator and begins to rise.
This is when the upward trend begins to become evident.
In this case, if the M-Signal of the 1W chart > M-Signal of the 1M chart, you will be able to have more confidence in purchasing.
If the upward trend continues, the box section of the previous HA-High indicator will be reached.
The box range for the previous HA-High indicator is 10.029-17.430.
Therefore, it is highly likely that you will have difficulty breaking through this section upwards.
If it receives resistance and falls near 10.029, there is a high possibility that the HA-High indicator will be created again, so it is important whether it can receive support and rise near the HA-High indicator at that time.
(1D chart)
The key is whether it can receive support around 7.369 and rise above 8.581.
If not,
1st: 6.974
2nd: 6449
3rd: 5.8-5.947
You need to check which of the 1st to 3rd levels above you receive support.
Receiving support around 7.369 means receiving support in the psychological volume profile section, so there is a high possibility of creating a new trend.
However, if it falls without support, there is a high possibility that selling pressure will increase, so caution is required when trading.
Since the M-Signal indicator on the 1W chart is passing around 5.8, the support range is around 5.8-5.947.
-------------------------------------------------- ----
- Check if it can be supported and rise near the BW indicator (7.294) on the 1M chart.
- Check if the HA-High indicator can rise above the box-top point (7.700) on the 1W chart.
- Check whether support can be found in the psychological sell-off range (6.974-7.322) on the 1D chart.
Therefore, the current price position, that is, support in the 6.974-7.7 range, can be said to be an important key.
Have a good time.
thank you
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
-----------------
NEAR LOOKS BEARISHnear has a bearish structure. Price is constantly respecting supplies and creating lower Ls.
If the price returns to the red range, we will look for sell/short positions in this range.
Note that the green range is a strong support range!
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Near Protocol NEAR Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Near protocol NEAR price finished its correction?Today, we'll talk about the prospects for #NEARUSDT price movement
The last time we wrote a medium-term forecast for Near's price movement was 4 months ago.
The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9
Come on, admit it, who started selling AMEX:NEAR before the target ?)
When the correction began, we made an estimate of where it would be interesting to buy #Nearusd - $3.85 - $4.50.
The price has already squeezed there, and to be honest, we would not want to see NEAR below $4.
And if you look at the current chart of NEARUSDT on the 12-hour timeframe, you will see 5-6 "shadows" from the bottom, which means that the coin is being bought back.
Our medium-term targets for the Near protocol token price are $10 - $13 - $15.50 - and ATH = $20
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
#NEAR/USDT Short term Target!#NEAR for the long term seems like a solid choice.
Its strong tokenomics and competent team make it a promising asset.
The chart indicates the potential for significant growth in the next few weeks.
Don't be shocked to see it reach triple-digit prices when the real alt season hits!
In the short term, a trading price above $10 seems probable.
Consider adding more if it drops below $5.
Remember to Do Your Own Research.
NFA
NEARUSD 12HNEAR ~ 12H 📈
#NEAR On the 12H Time Frame, BINANCE:NEARUSDT Formed a Bull Flag Pattern. Bullish if #NEARUSD succeeds in breaking this resistance line with a full body candle. Minimum target 15%+
NEAR-USDT | 4H | TECHNICAL CHARTHello traders, BINANCE:NEARUSDT I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
NOTE: If my posts don't get likes, don't expect analysis or updates from me.
Good luck
BUY NEAR NOW!!! THIS IS THE LOWEST IT WILL GET!FINALLY! After waiting for so long, It has finally reached the area of interest for higher prices! I full ported this in, holding for the long term!!! This is the one! It can possibly go lower, but the perfection in between the lines is absolutely insane! Looking for higher highs from here on!! Get ready for the Halving!
#NEAR/USDT#NEAR
The price is moving in a downward channel on a 1-hour frame, about to break upward
We have a downtrend on the RSI indicator about to occur. Bounce up
We have a higher stability moving average of 100
Entry price 7.28
The first target is 7.70
Second goal 8.22
Third goal 8.74
#NEAR/USDT
#NEAR
The price is moving in a descending channel on a 4-hour frame. The price is moving within it and adhering to its limits well, and it has just been breached to the top.
We have a major support area at Saad $6
We have a higher stability moving average of 100
We have an uptrend on the RSI that is about to bounce back
Entry price is 6.80
The first goal is 7.50
The second goal is 8.07
the third goal is 8.67
Near Protocol (NEAR)/USD - Bullish Breakout!Coin Name: Near Protocol/USD (NEAR)
NEAR Protocol (NEAR) has successfully broken out from a: £Descending Channel" pattern on the 4-hour timeframe. This breakout, is typically considered a bullish signal! The pattern suggests a potential trend reversal from bearish to bullish.
If bulls can maintain heat a breakout to the upside to "$7.44" will happen very soon and likely retest the Resistance target zone at: "8.08"
Line of Support= $6.42🟢
Line of Resistance $7.44🔴
🌟Target= $8.08🎯
Major Resistance= $8.59❌
Near 10 Percent gainNear chart analysis was shared yesterday and today its in 10% gains after hitting entery zone. I am expecting more this as clear bos has been done.
NEAR can ascend further!Hi
BINANCE:NEARUSDT
Today, I want to analyze NEAR for you in a weekly time frame so that we can have a mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
NEAR formed a rounding bottom on weekly timeframe🤔
Up we go if we do breakout
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Rounding Bottom
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$NEAR Bullish OutlookNEAR is on the verge of a breakout on both the 1d and 4h chart.
The reason I’m bullish is as you can see on the chart, it has been testing the upper trend line of the Symmetrical Triangle formation repeatedly without shooting back down to support immediately which is a good sign of bullish buying.
I would wait for a breakout confirmation on the 4hr (1-3 candle closes above resistance line) and enter a long position no more than 5x (personal preference and risk tolerance)
DYOR/NFA
