NEARUSDT
NEAR: Current Trends and InsightsNEAR Protocol is currently going through a period of volatility, with its price hovering around $3.89. Recent market trends show a mix of bearish sentiment and some cautious optimism among investors. Let’s break down the key indicators and levels influencing NEAR.
Current Sentiment: NEAR is mostly bearish, having dropped 3.5% over the last 24 hours. This follows a minor recovery earlier in the month, highlighting the ongoing struggle to maintain upward momentum.
Support and Resistance Levels
Key Support: $3.43 – This level has been tested and is crucial in preventing further declines. A break below this could lead to increased selling pressure.
Secondary Support: $3.60 – This level serves as an additional buffer in case of further price drops.
Key Resistance: $4.08 – A breakout above this level could signal a potential reversal in trend, opening the door for bullish momentum.
Secondary Resistance: $4.49 – If NEAR breaks through $4.08, this will be the next target for bullish movement.
Short-Term Predictions
Looking ahead, NEAR is likely to face challenges breaking through the $4.08 resistance. Analysts predict that if NEAR holds above the key support at $3.43, there could be opportunities for a rebound towards higher resistance levels in the coming weeks.
Potential Price Range for September 2024:
Minimum Price: $3.32
Average Price: $3.75
Maximum Price: $4.76
Market analysts are watching these levels closely as they may dictate NEAR’s short-term trajectory.
Recent News Impacting NEAR
Recent developments around partnerships and ecosystem growth in NEAR could help strengthen investor sentiment in the medium to long term. NEAR has been actively involved in collaborations aimed at improving DeFi capabilities and expanding user adoption, which may provide some resilience against the current bearish market.
Call to Action
For investors eyeing NEAR Protocol, now could be a strategic time to monitor the situation closely. With bearish sentiment dominating and key support levels being tested, it’s important to stay informed about market shifts and potential breakout signals.
While NEAR is facing short-term challenges, its long-term potential remains promising due to its ecosystem growth and ongoing developer interest. Stay vigilant and carefully consider your investment strategies!
NEAR ANALYSIS (bullish pattern)🌸#NEAR Analysis : Bullish Trend 🚀🚀
🚀As we can see that there is a formation of Flag & Pole Pattern in #NEAR in weekly time frame. Right now #NEAR is trading around it's crucial support zone and we can see a bounce back from its support zone 💪
🔖 Current Price: $3.965
⏳️ Target Price: $6.000
⁉️ What to do?
- We can trade according to the #NEAR chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#NEAR #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP:
1) POPCAT COINEX:POPCATUSDT
Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low.
2) SUI BYBIT:SUIUSDT
Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely.
Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone.
3) LINK BINANCE:LINKUSDT
Chainlink is an old-timer, and a safe bet for the next bullish impulse wave.
4) RUNE BINANCE:RUNEUSDT
Another top-pick for 2024. I' be happy to buy anywhere between these two zones:
5) RNDR BINANCE:RENDERUSDT
I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones
6) DOGE BINANCE:DOGEUSDT
An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones:
7) FTM BINANCE:FTMUSDT
My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon
8) NEAR BINANCE:NEARUSDT
I'd be happy to buy anywhere between these two zones:
There are MANY more, but for the sake of time and space... let's get started with these!
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Trade Setup: NEAR Long Position (Range Support Test)Market Context: NEAR is testing the bottom of the range level of support, providing a favorable opportunity for a long trade.
Trade Setup:
Entry: Long spot position at $3.50 - $3.80 support level.
Take Profit:
First target: $4.30
Second target: $5.00 - $5.40
Final target: $6.00 - $6.50
Stop Loss: Just below $3.40
📊 This setup aims to leverage the support level for potential upside, with clearly defined profit targets and a tight stop loss to manage risk effectively. #NEAR #CryptoTrading #SupportLevel
NEARUSDT🔍 NEAR/USDT Analysis: Key Dates for Strategic Moves 📉
The NEAR/USDT chart highlights important upcoming dates where price movements may present trading opportunities:
• August 21, 2024, August 28, 2024 - Red Lines: These dates mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn.
• August 23, 2024, September 1, 2024 - Green Lines: These dates indicate potential local lows, offering favorable conditions for accumulating NEAR or entering long positions.
By aligning your strategy with these key dates, you can better position yourself to capture gains and manage risk effectively in the NEAR market.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
NEAR🔍 NEAR/USDT Analysis: 4-Hour Timeframe 📉
The NEAR/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• September 1, 2024, 9:00 AM, September 9, 2024, 9:00 AM - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating NEAR or entering long positions.
• September 16, 2024, 9:00 AM - Green Line: This time marks another potential local low, which may present an opportunity to buy.
When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
NEAR Faces Immediate Rejection—Is a Deeper Correction Coming?Yello, Paradisers! Have you noticed how #NEARUSDT keeps getting rejected by that pesky Descending Resistance level? This marks the third time in just over a month that bullish momentum has been stifled.
💎As it stands, #NEAR is primed for some lower re-tests in the coming hours. Price eyeing the EMA-200 level at $4.55 as a key area of interest. This zone, currently holds an EMA band of all key averages which could spark a significant reaction. However, if profit-taking intensifies, NEAR could be dragged further down into the strong support region between $4.40 and $4.25. This area is critical—as this is where the corrective cycle likely completes potentially followed by setting the stage for a bullish reversal.
💎On the flip side, if the bulls want to avoid this corrective phase, they’ll need to break past the Descending Resistance at the $5.15 level. Should they manage to secure acceptance above this point, NEAR could very well be poised for another major breakout, targeting the $5.75 to $5.90 levels.
Paradisers, this is a pivotal moment. Stay sharp, be patient, and remember—discipline is key in navigating these market cycles.
MyCryptoParadise
iFeel the success🌴
NEARUSDT. Buying opportunitiesHello traders and investors!
If you are looking to buy, I suggest considering NEAR. I believe there is a good potential for growth of 20-40%.
Daily Time Frame
On the daily time frame, the price has formed a sideways range that started in March. The upper boundary is at 8.52, and the lower boundary is at 4.279.
The price has touched the lower boundary twice. The second interaction, which occurred on August 5, was marked by impressive volume, which was absorbed by the buyer on August 13, pushing the price back into the range. This candle was pivotal (the largest volume, marked with “KC” on the chart) in the seller’s impulse, which forms vector 4-5 of the range. By absorbing this candle, the buyer established a buying zone (green rectangle on the chart) from which buyer's vector 5-6 started, with a potential target of 6.89.
The buyer faces a significant obstacle beginning at the 50% level of the last seller's impulse, at 5.798. At this same level, a seller’s zone (red rectangle on the chart) has formed, and the level 5.798 is the start of the last sub-impulse of the seller's last impulse.
Interestingly, the last sub-impulse of the buyer started at the 4.000 level (low of the sub-impulse at 4.000, high of the sub-impulse at 6.489), and on August 5, liquidity was taken below the 4.000 level.
4-Hour Time Frame
There is a long trend. The starting level of the buyer's last impulse is at 4.738. A seller's zone formed at the end of this impulse. Currently, the buyer is testing this zone. If the price returns to 4.738 and the buyer defends this level, there may be buying opportunities, as the seller resumed action from the seller’s zone at the end of the impulse (meaning the zone has been tested), and the seller could not defeat the buyer at the beginning level of the last impulse.
Buying Strategy
It makes sense to look for buys from the daily candle of August 23, which showed a surge in volume. The targets are 6.000 and 6.489.
Good luck with your trading and investments!
Will NEARUSDT Break Free or Fall Deeper? Urgent Update Inside!Yello, Paradisers! Have you been keeping a close eye on #NEARUSDT? If not, you might want to start now! This crypto just broke a month-long descending resistance, setting the stage for some serious action.
💎Currently, #NEAR is stuck in a tight range on the 4-hour timeframe, fluctuating between $4.25 and $3.825. Since August 8th, the price has struggled to break free from this range.
💎NEAR has reclaimed the EMA-50, an important level. If the price can solidify this as support, price could see a new surge in momentum. A successful push could send NEAR back towards $4.25, and with a strong breakout above this, the next targets are in the $4.55 to $4.75 zone. This region aligns with the 50% Fibonacci retracement at the $4.65 level.
💎On the downside, the EMA-50 at $4.165 is now the first support level. Stronger support levels are positioned between $3.825 and $3.780. As long as these hold, bulls are likely to prevail. However, if these supports fail, NEAR could plummet towards $3.45, with further downside potential towards the base support between $3.15 and $3.05.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
Trade Setup: NEAR Long PositionMarket Context:
NEAR is consolidating at support, offering a potential opportunity for a long trade if the support level holds.
Trade Setup:
Entry: Long spot trade at around $3.85.
Take Profit:
First target: Top of the range support at $4.45
Second target: $5.35 - $5.90
Third target: $6.50 - $7.00
Stop Loss: Just below $3.50.
📊 Manage risk carefully, and monitor price action for confirmation of support holding. #NEAR #CryptoTrading #TradeSetup 🎯
NEAR (NEAR Protocol): Channel DownTrade setup : Price is in a Downtrend, trading in a Channel Down pattern. Swing Traders : can trade the Channel - enter near channel support and exit near channel resistance. Trend traders : wait for price to break out of the Channel Down pattern, back above 200-day moving average and $6.00 resistance to signal bullish trend reversal, with +30% upside to $7.70 thereafter.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $3.50, then $3.00. Nearest Resistance Zone is $4.40, then $6.00.
NEAR on a two-way road!!! Follow me!!As long as NEAR is on the green box, he can climb and take path #1. But if it can break the green box and stabilize at the bottom of the trendline, it will go to path #2 and fill that highlighted FVG. But what is more understandable at the moment is that he will follow the path number 1.
Tank you for subscribe and like me!
Long position on NEARUSDT 2H/ Volume PredictionBINANCE:NEARUSDT
COINBASE:NEARUSD
Mid-risk status: 4x-5x Leverage
Low-risk status: 2x-3x Leverage
⚡️TP:
5.2
5.26
5.32
5.4
5.48
5.55
5.62
5.70-5.73(In Optimistic Scenario)
➡️SL:
4.91
4.72
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
NEARUSDT on the Brink: Is a Major Bullish Breakout Looming?Yello, Paradisers! Are we about to witness a significant bullish move in #NEARUSDT? The market is buzzing as it forms a classic Cup and Handle pattern, a well-known technical setup often signaling a bullish trend continuation. Let's dive into the details and what it means for your trades!
💎 The Cup and Handle pattern consists of two main phases. The first phase, known as the Cup, features a rounded bottom that indicates a gradual shift from bearish to bullish sentiment. This is followed by the Handle, a consolidation phase that often takes the form of a small downward channel or sideways movement. The formation of this pattern is considered a bullish signal, particularly when accompanied by the right volume dynamics.
💎Volume plays a critical role in validating the Cup and Handle pattern. Typically, volume peaks at the left lip of the Cup, decreases as the price approaches the bottom, and rises again as the price forms the right lip and moves toward the breakout point. For a confirmed bullish breakout, it's essential to see #NEARPROTOCOL break above the handle resistance, ideally around the $7.311 mark, with strong volume. This could set the stage for a significant upward move.
💎 There are key levels to watch closely. The handle resistance at $7.311 is crucial; a breakout above this level with high volume is a strong bullish signal. Conversely, the handle support at $5.125 becomes important if the price fails to breach the resistance. A rebound from this support level could offer another bullish opportunity. However, breaking below this support could invalidate the bullish outlook and potentially lead to a significant price drop.
As always, the key to successful trading lies in patience and discipline. It's crucial to monitor the volume and price action around these critical levels. A breakout with strong volume could be a profitable opportunity, but remember to manage your risk and avoid making emotional decisions.
MyCryptoParadise
iFeel the success🌴
NEARUSDT.1DNEAR/USDT has shown a volatile price movement since the start of 2024, with a significant rise followed by a series of corrections. As of the latest data, NEAR is trading around $5.709. The chart displays a descending triangle pattern, characterized by a flat support line at approximately $4.253 (S2) and a downward sloping resistance line.
Technical Analysis:
Support Levels (S1 and S2):
S1: The first support level at $5.150 has been tested multiple times since early July 2024 and has shown resilience. This is a crucial area as a consistent breakdown below this level could push prices towards the second support.
S2: The second support level at $4.253 represents a more significant low from late May and early June 2024. A break below this could signal a strong bearish trend.
Resistance Levels (R1 and R2):
R1: The first resistance level at $5.961 marks the recent peaks. Overcoming this resistance might lead to testing the upper resistance.
R2: The second resistance at around $6.500 corresponds to the descending trendline. A break above this level would be crucial and could indicate a potential reversal or pause in the prevailing downtrend.
Moving Average Convergence Divergence (MACD):
The MACD line is just above the signal line, indicating a weak bullish momentum. However, the histogram is very close to the zero line, suggesting a lack of strong momentum in either direction.
Relative Strength Index (RSI):
The RSI stands at 57.18, indicating neither overbought nor oversold conditions. This level suggests a balance between buying and selling pressures but leans slightly more towards buying momentum.
Conclusion:
Currently, NEAR/USDT is in a critical phase. The presence within a descending triangle pattern usually indicates potential downward pressure. For traders, key strategies would involve watching for a decisive break either above the R1 or below S2 for clearer directional bets. Holding positions may be risky without tight stop losses, especially near these critical levels. In the event of breaking above R1, consider re-evaluating the resistance at R2, as a breakthrough there could shift the market sentiment more positively. Always ensure risk management practices are in place, given the inherent volatility in cryptocurrency markets.
NEAR (Near Protocol): Resistance BreakoutTrade setup : Price broke back above the 200-day moving average (~$5.46), which signals resumption of Uptrend. It's also broken above $6.00 resistance, making a higher high, a sign of uptrend. Price could revisit $7.70 next. We would be buyers on pullbacks to support zone between 200-day moving average of $5.50 and $6.00. Stop Loss at $5.10. Price could revisit $8.00 thereafter.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $4.60, then $3.50. Nearest Resistance Zone is $6.00, then $7.70.
Trade Setup: NEAR Long PositionMarket Context:
NEAR is trading above the 200-day EMA, setting a higher low after a change of character (CHOC).
The price has reclaimed the range low as support and is trading between the 200-day and 21-day EMAs.
This setup indicates a potential for consolidation followed by a breakout.
Trade Parameters:
Entry: Enter a trade around $5.4 to $5.8.
Take Profit:
First target: $6.5
Second target: $7.46
Third target: $8.4
Stop Loss: Set at a daily close below $5
📊 Monitor the 4-hour chart for a breakout to confirm the trade. Adjust the trade based on market conditions and stay vigilant for any signs of reversal or further consolidation. #NEAR #CryptoTrading #TradeSetup 🎯