🚀NEAR Protocol ;Ethereum competitor — near/usdt analysis📊Hello Crypto community Welcome today, to introduce another crypto project with high potential.🚀💰
🔹Rank #18,/ kind : coin \\ Market Cap:$10,593,006,633\\ Fully Diluted Market Cap: $15,709,080,843
Max Supply: 1,000,000,0000 /Total Supply: 1,000,000,000/// Circulating Supply:674,323,771.00 NEAR (67% )====> ✅
What Is NEAR Protocol (NEAR)?
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
near.org-Coinarketcap
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on the WEEKLY timeframe for NEAR/USDT ,Since OCT 2020 It has been advancing in rising channel, and it succeeded to record an ATH about ~$20.60 , and recently after 6 weekly candle , it attempted to attack previous High but wasn't successful and struggling with the resistances(pivot) zone . past candlestick was a Bearish Harami and recently printed a Doji candle witch shows uncertainty between buyer and seller , so today the price can decline if it not be able to go above the current pivot zone and can drop on lower support zone . and it there the buyer can support it again , but if loses that zone can fall more on the lower support or on the lower trendline of channel. but otherwise if it be able to overtake the pivot zone it can rise more and even toch the upper-band of channel in the short-term.
🛑resistance level: $15.77-$16.87/ Ascending trendline
❇️support levels: $10.22-11.45///$5.44-6.13//2.5-3.3///ascending trendline
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯
NEARUSDT
AND it's still going UP!?!Hello everyone
In the past couple of days (10-12) NEARUSDT been accumulating between 17.50$ and 15.50 in daily and we had a spike in price eve of Apr 07.
Anyway in higher time frames, It IS still going up, and investors may still hold on to what they have, but in lower time frames ( day trading and scalping) , I have been buying on 15.55$ and selling (and shorting) on 17.50$, and it worked for me.
Considering that the price keeps making higher lows, investing in this asset might be a good option (this is my opinion and not a financial suggestion).
For now, we have a hanging man pattern on Apr 14 and had a pretty good bear channel in 4 hours time frame, and a head and shoulder pattern.
Head and Shoulders pattern on NEARUSDTBased on technical factors (Head and shoulders) there is a short position in :
📊 NEARUSDT
🔴 Short Now 15.900
🧯 Stop loss 18.000
🏹 Target 1 14.000
🏹 Target 2 12.000
🏹 Target 3 10.100
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
NEAR\USDTReach the resistance zone , which results in a cp at 2h.
Breaking the trend line and and reversal trend to bearish trend.
Create a pattern of 3 drives that represent the demand out of the market.
Create a new LH.
---
From another perspective, create a head and shoulder pattern
-
Analyzed by Sadegh Azizi from @cafe_trade
-
NEAR: TWO targets! Is PUMP still possible?Near Protocol(NEAR) continues to squeeze under the trend line and may soon break it! Unlike 99% of Altcoins NEAR looks strong and price just 25% from its ATH. For example, Ethereum is 60% and Ripple is 130% from their ATH.
After a small consolidation, the price is squeezing to the trend line. A local pullback is possible to the key level of $15.50. Why? A large player needs liquidity to open his trades. He knows where the traders' stop losses are, so better to open trades after the manipulations.
Targets:
1. $17.80 - large value zone and resistance
2. $20 - ATH, where most traders will close their positions
Most cryptocurrencies repeat Bitcoin's price movement. If Bitcoin starts to show signs of strength, this is an additional signal to open a long.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
NEAR/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
Considering that NEAR will close below the 16$ support level (it probably will but we never know) the coin is going down to the 13.50$-14$ range. We just had a double top with a bearish divergence in the 1D chart and with the current BTC price movement an altcoin bleed is the most probable scenario. The 4H chart of the coin isn't looking that good either. Comment what you think.
I am posting more ideas this week but there is no stream friday. Sorry for the inconvenience.
NEAR Price Indicates a Possible Pullback?Bullish Scenario: NEAR broke the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $14. If it stays above this zone and the resistance level at $17.95 is broken then we could start seeing a move towards $20.60, $23.80 and above.
Bearish Scenario: NEAR has been in an uptrend channel since the last few weeks but we can’t ignore the bearish scenarios altogether. So failure to hold the support at $11.50 and breaking below $9.60 could lead to a drop towards $7.60 and below.
NEAR / USDT If you check my previous analysis I post about NEAR when it was about 10 dollars
Now in 2H time frame this is the pattern that we are in if we can break it I showed you or targets
I do trading based on patterns and breakouts
USE STOP LOSS
If you are agree with this analysis and find it interesting support it with your like and comments
DO NOT FORGET TO USE STOP LOSS
THIS IS NOT FINANCIAL ADVICE
NEARUSDT ANALYSISHey Colleagues,
Today we came across NEARUSDT . We see a great opportunity for this coin to show some bullish candles in the coming period around 14.8 Levels.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Tournesol Team.