NEARUSDT
Will NEAR's double bottom-defying BTC crash? NEAR is forming a bullish double bottom pattern. With the current BTC price action trending downward, this will have an impact on the overall ALTs. The completion of this pattern will provide positive sentiments for NEAR to reclaim the previous high. Before making the rally, NEAR must be able to break the supply zone (and retest not lower than the zone). Will NEAR defy the BTC crash?
NEAR SHORT TERM UPWARD MOVEMENTHi guys this is Livingstone Crypto... I'm happy to connect with the millions of traders around the world.
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#NEAR is at a strong support on the 4H chart. And also the ALT MCap is also at major support zone so it's very possible for us to see some upward movement.
So this is a short trade setup with tight stop loss.
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PS: This is not a financial advise. Trading is all about taking calculated risk. The current situation of the market makes it not advisable to hold any coins for long term.
NEARUSDT RECLAIMING RESISTANCE LEVEL AT 12$?Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
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- NEARUSDT is approaching on 1D time chart frame towards an important S/R level on 12$, after bouncing back strongly from level of support 10$ ( psychological support ) , NEARUSDT is up 14% since 48 hrs creating
a bullish sentiment , where buyers had successfully defended the support level 10$ taking price higher along with a decent amount of volume.
- In order for the reversal trend to be successful we need to see buyers reclaiming level S/R 12$ , breaking up the last swing low, the daily candle should close above that level in order to confirm the buyers strength,
price might get rejected as well taking it back to level support 10$ and even lower which will confirm that sellers are still in control and we still are in an downtrend.
*Latest news:
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Good Luck Traders :)
NEARUSDT FORCAST- on the weekly chart : a very big red candle shows a strong presence of the sellers
- on the daily chart : bearish movement with great momentum sees a slight buyers attack from today
- personal opinion : even tho the bullish movement of today . it still to weak to stop or reverse the trend
- best move : sell for a short term profit . not advise for long time investment
NEAR-Stay in the channel for a while!!Hello everyone
In the past week we had almost 28% fall of the price which brought the market a lot of liquidity and insured a healthy market.
I think we may see lower prices for NEARUSDT which can be the continuation of bear channel in 4 hours time frame ,but if we look at it with positively we may get an IOI (inside, outside, inside) pattern or a pinbar (set of 3 bars)and have a reversal in the next couple of days.
For now , we have support level of 12.5$( it's more likely to break)and 12$ and we have the resistance level of 13.55$.
NEAR PROTOCOL close to support area 💡📖As I mentioned in my previous analysis ✔️
the price hit the target and based on our explanation by losing the trend line has started to dump 💣🐋
and now
forming the descending channel and downtrend movement ✔️
the price
is close to channel support and the support area, we can see brief gain from here 🚀
and if
we lose the supports here, we will see more correction to the downside ❌🧨
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
NEARNear is trading in a horizontal range. Currently, it is on horizonal and trendline support. A short term trade can be taken if it closes a 4h candle above 15.8 for 17.2. However, breaking below the consolidation i.e. 4h closing below 14.5 will trigger a short call towards 12.55. Keep it in the watchlist.
NEAR/USDT : Consolidating into a RANGEBYBIT:NEARUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$NEAR has formed a wide range channel which has held the pair for 25 days.
Now it has gained bullish momentum once again as it's broken above the range's mid!
But so; As we all know, There'll be always fake-out or deviations...
In terms of possible rejections, I just mentioned the two possible scenarios to trade with :
- Be noticed that both of them need active management with tight SL and multiple targets!
📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line.
- Be advised that the SL should be located below the Range's mid with active management!
📉 Bearish scenario: $BTC has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows...
In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line.
- Be advised that the SL should be located above the S/R line at $15.1 with active management!
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades