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 $5.30. 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 Neutral 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 $4.60, then $3.50. Nearest Resistance Zone is $6.00, then $7.70.
NEARUSDT
Trading opportunity. ETH, BNB, NEAR, RNDRHi traders and investors!
I have chosen 4 assets on which to look for purchases.
The price of each asset formed a sideways trend on the daily TF and is now at the lower boundaries of these sideways (above the lower boundaries).
ETHUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 3977.
On the hourly timeframe, the price has formed a sideways trend and now the buyer is attacking the upper boundary of the sideways trend. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 2822 -2810.
BNBUSDT. Current buyer vector 10-11 on the daily TF. Potential target – 645.2
On the hourly time frame, the price has formed a sideways trend and now the price is near the upper boundary of the sideways pattern. You can search for purchases:
after the launch of a long trend on the hourly timeframe (the buyer protects the exit from the sideways trend on the hourly timeframe and the formation of a new buyer impulse)
from protection by the buyer of the lower boundary of the sideways trend 471 - 454.
NEARUSDT. Current buyer vector 5-6 on the daily TF. Potential target – 6.89
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 5.003, protects this level, and forms a new impulse.
RNDRUSDT. Current buyer vector 8-9 on the daily TF. Potential target – 11.88
There is a short trend on the hourly timeframe. It is advisable to look for purchases when the buyer overcomes the beginning of the last impulse of the seller 8.273, protects this level, and forms a new impulse.
Trade Setup: NEAR Long PositionMarket Context:
NEAR is part of the newly formed Grayscale Decentralized AI Fund and has shown significant relative strength. However, the rapid rise suggests a potential throwback.
Trade Parameters:
Entry: Enter the trade around the support level of $5.7.
Take Profit:
First target: $6.6
Second target: $7.5
Third target: $8.4
Stop Loss: Place the stop loss just below $5.2.
📊 Monitor the price action for confirmation of support levels and be prepared to adjust based on market dynamics. #NEAR #CryptoTrading #TradeSetup 🎯
NEAR - A quick long trade for the continued trend.#NEAR/USDT #Analysis
Description
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+ The trend that began after hitting the support zone is continuing, and we can expect it to reach the resistance zone soon.
+ This presents a quick trade opportunity.
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VectorAlgo Trade Details
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Entry Price:5.534 - 6.254
Stop Loss: 4.986
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Target 1: 6.816
Target 2: 7.624
Target 3: 9.019
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Is a Massive Rebound on the Horizon?Yello, Paradisers! Are you ready to dive into the latest action on #NEARUSDT? The recent market movements have set the stage for a potential explosive breakout or a significant collapse. Let's break down the current situation and what it means for you.
💎After testing strong support levels, #NEAR is beginning to show signs of a strong rebound. The price has solidified its support at the $4.40 to $4.20 range. The initial reaction to these support levels has been strong, suggesting a potential recovery towards higher levels.
💎As the selling pressure wanes off, NEAR is showing promising momentum and looks to be positioning towards the initial resistance level of $5.10. Following this, the price is eyeing the stronger resistance zone between $5.90 and $6.20. The bullish momentum is likely to see bullish confirmation once the Relative Strength Index (RSI) breaks out of its descending resistance.
💎However, be cautious. If NEAR fails to break the RSI resistance, we might see a retest of the $4.40 - $4.20 support levels.
Paradisers, treat the market as a businessman, not as a gambler. Stay patient and disciplined for long-term success in your trading journey.
MyCryptoParadise
iFeel the success🌴
Is NEARUSDT About to Skyrocket? Critical Levels You Can't Miss!Yello, Paradisers! Have you been keeping an eye on #NEARUSDT lately? If not, now's the time to pay attention.
💎#NEARUSDT is currently trading within a demand zone, raising the high probability of a bullish move. The token has been following a descending resistance trajectory for a while. Now, it's showing strong momentum within this demand zone. If #NEARPROTOCOL continues to sustain this momentum, it may target the key resistance level at $5.624.
💎If #NEARUSD reaches $5.624, we could see a potential rejection at this resistance level. In this scenario, we'll wait for the price to retest the descending resistance. A successful retest would confirm a strong bullish move. Sustained upward momentum could lead to a breakthrough above $5.624, marking a significant bullish shift.
💎However, what if AMEX:NEAR loses momentum and drops below the previous low? This would invalidate the bullish outlook, potentially leading to a significant price drop.
Stick to your strategy and keep mastering your willpower. Be the 20% that outperforms the rest!
MyCryptoParadise
iFeel the success🌴
Unlocking Hidden Potential: NEAR Technical AnalysisNEAR Technical Analysis
The price has been following a descending trend line(Red) and recently found a major support zone(Yellow) at $4.18 – $4.295. The dotted line at 4.441 is also acting as a good support. After touching this support, the price has bounced back and is currently testing the trend line.
The key resistance zone(Green) is identified around the $5.586 – $5.743, which has acted as a strong resistance zone in the past. The price has struggled to break above this zone multiple times, suggesting it is a significant level to watch.
Potential scenarios
Bullish Scenario
If the price breaks above the descending trend line it could move towards the resistance zone in Green at $5.586 – $5.743.This green zone is major resistance to moving the price upwards. After a breakout from this zone, the price could move toward the next resistance zone in Blue at $6.675 – $6.897.A breakout above this level could indicate a reversal of the downtrend and a possible continuation to higher levels.
Consolidation Scenario
If the price gets rejected at the descending trend line or the resistance zone in Green, it might consolidate between $4.441 and the Green zone. This consolidation phase could last until the market decides on the next significant move. Price could also take support at the Yellow zone and from there it will bounce back according to our analysis.
Bearish Scenario
If the price fails to sustain above the current support level of $4.441, it could lead to a further decline towards the yellow zone at $4.148 – $4.295. If this Yellow zone fails to hold the price then, this would indicate a continuation of the bearish trend.
Volume is also a critical factor to monitor. Increased volume on a breakout above the resistance levels could confirm the bullish scenario, while low volume might indicate a lack of conviction among traders.
NEAR/USDT is at a critical juncture, with key resistance and support levels that will likely dictate the next major move. Traders should watch these levels closely and consider volume trends to gauge market sentiment.
NEAR ANALYSIS🔮 #NEAR Analysis 🚀🚀
In 12hr timeframe, falling wedge pattern is forming ✅
Right now, #NEAR is around its descending trendline zone 🚀 🚀 if #NEAR breaks the pattern then we will be target for 50% in few weeks but before that there may be a small dump of 5-10% 💸 💯🚀
💸Current Price -- $4.836
📈Target Price -- $7.546
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#NEAR #Cryptocurrency #DYOR
Where is the right price to buy $NEAR?Considering the correction process that we have in mind for altcoins, we expect that AMEX:NEAR can reach the price range of 2$ or slightly below it again.
It seems that the price of 2$ can be a good place to buy, although there is a possibility that if there is a fear in the market that causes the prices to fall, the price will go lower due to excitement and fear selling. but 2$ seems a reasonable price.
I hope to have enough cash for when the price hits $2$.
NEAR is approaching an important resistanceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.600 zone, NEARUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5.600 support and resistance area.
Trade safe, Joe.
#NEARUSDT Chart UpdateNEAR has reached the support range between $4.08 and $4.75. This level holds important support for NEAR, and a breakdown below this blue SMA will likely drop the price to $3.2 or, in the worst case, $2.5.
On the positive side, NEAR must stay above the support level to rebound and make a bullish rally.
DYOR. NFA.
Like, share, and follow for more.
#NEAR
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile.
Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation.
This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
NEAR Protocol Update in Daily TimeframeNEAR Protocol is showing a bounce-back from the $4.2 to $4.5 support range. NEAR needs to hold this support level to continue the rally toward $8.
A breakdown and close below this support range will likely invalidate the rally and lead to a further decline in the price action.
Note: Do your own research before investing.
NEAR Update in Daily Timeframe#NEARUSDT
After a 47% correction, NEAR has finally bounced back, creating a decent support level at $4.7. The RSI level has reached the oversold range, indicating upward momentum.
We can expect a 45% to 65% rally in the upcoming days for NEAR.
Invalidation point: A breakdown and close below $4.3.
DYOR, NFA.
CRYPTOCAP:NEAR
NEARUSD: Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.95 zone, NEARUSDT was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 5.95 support and resistance zone.
Trade safe, Joe.
NEAR Flashes Bullish Signal — 15% Profit PotentialNEAR was one of the crypto tokens that performed extraordinarily well during yesterday's dip in Bitcoin. As mentioned in today's live session, you want to trade exactly those tokens.
So, what do we have here 👇
NEAR flashed a bullish MACD crossover on the daily chart. Remember, the higher the timeframe, the more accurate the signals.
This one has solid backtest values. Historically, the probability of achieving 5% gains was almost 88%. However, based on support and resistance, this signal's profit potential is calculated at 14.7% (~6.15).
A proper strategy sets a first target at 5% and a second at $6.15.
Happy trading!
NEAR/USDT: ACCUMULATE HERE FOR 2X PROFIT!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
NEAR looks good here. It is trying to form an Adam&Eve-like structure in the daily time frame. As you see in the chart, it is holding the previous support range very well and bouncing from there.
I'm expecting a good pump from here.
Entry range:- $4.5-$5.5
Taregts:- $6.7/$8.2/9.4/$12
Invalidation:- Daily close below $4.4
What are your thoughts on NEAR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Near Will Rise AgainNear has risen upwards from bottom of its parallel channel. I'll assume it will follow it again.
As an extra, we have a golden cross on MACD daily chart.
Risk can be accepted.
Use stop loss if it breaks 4.412.
There will be 3 targets, once the first one hit, move your stoploss to the breakeven or higher and close %33 of the position.
TP 1- 5.755
TP 2- 6,762
TP 3- 7,8
You can enter now or lower, your choice.
Technical Analysis for NEAR-USDT ChartToday’s analysis focuses on the NEAR/USDT daily chart, highlighting key technical levels and patterns that indicate the current market sentiment and potential future price movements. The chart illustrates a significant bearish trend with the price currently testing a critical support level. This analysis aims to provide traders with actionable insights to navigate the market effectively.
NEAR is trading on the support zone and trying to break the EMA 200. When the price reached the resistance zone (Blue) at $8.444 – $9.010, we saw a correction in the market. The decreasing volume during this pullback indicates the bullish trend could still have potential. Several key technical elements and zones are marked, providing a comprehensive view of the market’s structure and potential future movements.
Current Price: $5.330
Volume: 8.163M
Key Support and Resistance Levels
Immediate Support: $5.197
This level has historically acted as a strong support, providing a cushion against further declines.
Traders often watch this level for potential buying opportunities if it holds.
Next Major Support Zone (Pink): $4.477 – $4.683
This level has served as a crucial support and resistance historically.
Recently the price tested this zone and bounced from there.
A fall to this level could indicate a deeper correction and increased selling pressure.
Holding above this support might attract buyers looking for a reversal.
Trend Line
This trend line has formed from mid-December 2023
This trend line has been tested 4 times, whenever the price falls on it we see a massive bounce.
Recently the price has tested this trend line and there is hope we can see massive price movement.
A fall to this trend line could indicate a deeper correction and increased selling pressure.
Support Level $3.724
Historically many times the price takes bounce from this level.
A fall to this level could indicate a deeper correction and increased selling pressure.
Holding above this support might attract buyers looking for a reversal.
Strong Support Zone (Yellow): $2.487 – $2.736
This is a long-term support level that has proven to be a robust base in the past.
A drop to this zone might indicate a severe bearish trend but could also present a strong buying opportunity for long-term investors.
The price-finding stability here would be critical for the overall bullish outlook.
Immediate Resistance Zone (Green): $5.762 – $6.182
This zone is the nearest overhead resistance, where sellers have previously emerged to cap price rallies.
Breaking above this resistance could signal the start of a new bullish phase and attract more buying interest.
Traders look for volume confirmation on a breakout to validate the strength of the move.
Key Resistance Zone (Blue): $8.444 – $9.010
This resistance zone represents a significant barrier where previous price action has encountered selling pressure.
Successfully moving above this range could lead to substantial upward momentum, potentially targeting higher levels.
The area between $8.444 and $9.010 acts as a critical test for the strength of any bullish trends.
Moving Averages
The 200-day EMA is highlighted in the chart and is currently acting as a dynamic resistance level. NEAR is trading just below this EMA, which often signifies a critical juncture for the price direction. This level is crucial and acts as a strong resistance.
Trend Analysis
The ongoing downtrend suggests a bearish market sentiment. The price is currently consolidating on its support level of $5.197. A break below this support could lead to a deeper correction.
Volume Analysis
Currently at the time of writing the trading volume is at 8.163M, indicating a lack of strong buying interest at the current levels. A significant increase in volume would be necessary to confirm any potential reversal or breakout.
Potential Scenarios
Bullish Scenario
If NEAR holds above the $5.197 support and breaks through the green zone resistance at $5.762 – $6.182, it could signal a potential bullish reversal, targeting the blue zone at the $8.444 – $9.010 resistance zone.
An increase in buying volume could indicate stronger bullish momentum, potentially pushing the price back to the $9.010 high.
Bearish Scenario
If NEAR falls from this $5.197 support and fails to hold on support zone in pink and the trend line, it could lead to a deeper correction towards the $3.724 support level.
Sustained low volume and bearish sentiment could keep the price suppressed, with the potential to test lower support levels. If the price did not hold the $3.724 support level we might see the cloud retest the last zone marked in yellow at $2.487 – $2.736.
Technical Indicators
Based on technical indicators on a daily time frame
The relative Strength Index (RSI) value is at 40.634 (Neutral)
Momentum (10) is at -0.136 signaling a (Buy)
MACD Level (12, 26) is at -0.525 signaling (Sell)
Exponential Moving Average (50): 6.396 (Sell)
Exponential Moving Average (100): 6.264 (Sell)
Simple Moving Average (100): 6.784 (Sell)
Exponential Moving Average (200): 5.369 (Buy)
Ichimoku Base Line (9, 26, 52, 26): 6.075 (Neutral)
Volume Weighted Moving Average (20): 5.686 (Sell)
Hull Moving Average (9): 5.339 (Buy)
Interpretation
The NEAR/USDT analysis indicates a bearish sentiment driven largely by the Moving Averages. Although the oscillators are mostly neutral, the significant number of “Sell” signals from the Moving Averages suggests caution for traders.
Bearish Indicators:
The majority of the moving averages are signaling a sell, which indicates that NEAR might be experiencing downward momentum in the short to medium term.
Neutral Oscillators:
Most oscillators are neutral, showing no strong buying or selling pressure at the moment.
Potential Bullish Signs:
A few moving averages and the momentum indicator are showing buy signals, suggesting there could be some bullish potential if market conditions improve.
Conclusion
NEAR Protocol (NEAR) is at a pivotal moment. The support at $5.197, the 200-day EMA, and the trend line are critical levels to watch. The market sentiment appears cautious, with bearish pressure visible in the near-term forecast. However, if crucial resistance levels are breached, a positive reversal could occur. To successfully navigate the current period of increased volatility, traders must remain careful, use appropriate risk management strategies, and stay up to date on market trends.
Investment Outlook
Given the current market conditions, NEAR presents both opportunities and risks. The identified key levels should guide investors in making informed decisions. Caution is advised until a clear trend is established.