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NEARUSDT

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🌴
Long
by MyCryptoParadise_Simon
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.
by MarsSignals
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.
Long
by altFINS
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 🎯
Long
by Richtv_official
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.
Long
by altFINS
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.
by AlexeyWolf
2
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 🎯
Long
by Richtv_official
NEAR - A quick long trade for the continued trend.#NEAR/USDT #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:5.534 - 6.254 Stop Loss: 4.986 ------------------------------ Target 1: 6.816 Target 2: 7.624 Target 3: 9.019 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- 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
Long
by VectorAlgo
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🌴
Long
by MyCryptoParadise_Simon
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.
Long
by TheCryptoCity
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
Long
by ZEUS_Market_Alerts
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 $2$.
Short
by M2it2M
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.
by Rick_SimpleSwap
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!
Long
by ben_walther
1