NEAR | Fueling up for Massive Breakout..!!
#NEAR Falling Wedge formation in Weekly timeframe..
Massive Buying Volume Coming in..
Expecting Breakout Soon..
+450-500% Profit Potential in the Midterm.. ✍️
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NEARUSDTPERP
🔥 Why Near Protocol coin is falling? 👇Today we will talk about Near Protocol
The last 4 months have been somehow catastrophic for the NEARUSDT price. After all, during November, Near depreciated twice from $3 to $1.5, and since August 4 times from $6 to the current $1.5.
One of the reasons that encourages investors to get rid of their Near can be called that the structures of Samuel Banckman-Fried (FTX and Co) own a total of 17 million NEAR tokens. In case of bankruptcy, they are subject to liquidation. That is, they will be transferred or sold to someone. However, NEAR has insurance against the simultaneous sale of coins - most of the tokens owned by FTX will be unlocked within three years.
This reason at least somehow explains the NEAR drain in November.
But why NEAR was drained in large amounts before, we do not know. Did the "big wallets" know about the impending troubles in the crypto world much earlier?
Write what you think about it in the comments below the idea.
The other day, the price of NEARUSD easily updated the minimum from 2021, without any problems, and without the volume of the struggle between buyers and sellers.
Well, now we can only assume in what format the downward trend of the NEARUSDT price will be able to reverse.
As an option, a long formation of the "Inverted Head and Shoulders" reversal pattern is possible. Potentially, the formation fits the technical description of the pattern, as well as the volumes that decrease from the left shoulder to the Head.
Now the price of NEARUSDT is above the liquidity level of $1.25-1.50, there are chances that it may not go lower. And then the long growth of the NEAR price to the $5 area, where every trader and hodler should think about it: "Is it worth keeping this asset "?
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NEAR Protocol Analyze (Road Map)!!!🗺️(+250%😱)❗️❓Today, let's look at NEAR Protocol's road map🗺️.
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 Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
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NEAR Protocol is running on descending channel for about one year.
Also, If we look at the NEAR Protocol by Elliott waves theory. It is running on microwave 4 of microwave 5 of main wave A.
I tried to show you the end of main wave A in my chart.
🔆Suggestion: If you want to add NEAR to your portfolio, you can wait to break the upper line of descending channel or when NEAR touches my target(zone) for the end of main wave A.
NEAR Protocol Analyze ( NEARUSDT ) Timeframe Daily⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NEARUSDT reached a prevous support zone Hi guys , after the new year celebration we get things to be continue as normal and fresh. I wish you all happy new year. Today is Monday so I come with an idea .
NEARUSDT is reached a previous zone that acted as support which now turns to resistance this is happened in the 4 hr chart but my illustration is on the hourly chart so that make sure you see the 4 hr chart to see the big picture .
the level I marked out between 1.300-1.309 acted as support and resistance multiple times in the past so now price reached in that zone. what should we expect from this ?
1. Ride the move to the downward direction that is also the current trend direction as the analogy "the trend is your friend " for now we have to look shorting opportunity.
2. If case 1 did not happen we are going to look for buying opportunity with in the same zone we marked out.
stay safe and happy new year again guys
Never trade without stop loss
Use proper risk management
Risk only what you can afford to loose.
NEARUSDTNEARUSDT buying opportunity
This is a great opportunity for NEARUSDT trader
we have last time I have predicted the shorting opportunity and it goes well. and now we are in a major zone that push the market up before.
And also if we look left it was resistance on the weekly zone that turns to support I personally believe this is a good zone please let me know what you think
Be aware that we are against the trend and we have to catch only a small move just because the market can be against us any time.
doping down to a smaller time frame
like the hourly and find a double bottom
or a hammer candlestick or a combination
of both can be entry .
never trade without stop loss
use proper risk management
risk only what you can afford to loose
NEAR/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ NEAR/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (2.0X)
Entry Orders:
1) 3.249 - 100.0%
Take-Profit Orders:
1) 3.446 - 33.333%
2) 3.628 - 33.333%
3) 3.904 - 33.333%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (2)
NEAR/USDT - LONG ----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
-------------------------------------------------------
⚡️⚡️ NEAR/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (2.0X)
Entry Orders:
1) 3.249 - 100.0%
Take-Profit Orders:
1) 3.446 - 70.0%
2) 3.628 - 25.0%
3) 3.904 - 5.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
#NEAR/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Near protocol (NEAR) was another notable mover on Tuesday, as the token also hit a three-month low.
Following a high of $3.54 to start the week, NEAR/USD slipped, dropping to an intraday low of $3.12 earlier today.
This sell-off pushed the token to its lowest point since July 13, which is the last time prices were trading at the support of $3.00.
Looking at the chart, the RSI is now also oversold and is currently tracking at 31.15 as of writing.
Historically, at current levels, bulls typically begin to circle, looking for an opportune moment to buy.
We’ve seen some signs of this already, with NEAR now moving away from earlier lows, and trading at $3.19 as of writing.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
NEAR - received support from Google Cloud.The lack of demand on the chart is displayed by a false breach of the upper boundary of the trading range.
Also it is visible a weak buyer who could not accelerate the price to the local highs.
If the price does not hold in the area of the buyer's interest and we do not see the resumption of purchases, then we will go to higher profitable prices.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
NEARUSDT 12h Strong rebound and good prospects for NEAR priceAfter the market crash on 09/06/22, when BTCUSDT price updated the local low, many altcoins partially repeated this maneuver, but without updating the lows.
But already today we see that the NEARUSDT price not only did not renew the lows of the previous months, but also showed one of the best rebounds upwards.
Well, with such strength and enthusiasm of NEAR buyers, we can expect a continuation of good growth in the area of $5.60
Local correction to $4.15 before the continuation of growth will also be within adequate limits without breaking the structure of the future growth pattern.
Globally, the reversal and change of the trend is a long process, not everyone has the patience to sit out in the crypt. As a result, units will be rewarded for patience, and the rest will be catching up in the course of growth, pumping the market with fresh money.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
NEAR Quick Long PlayOn the 4HR NEAR is been going sideways and could have a quick pop.
Stock RSI at bottom and should be turning around.
TP 4.40
SL 4.08
Always DO YOUR OWN Research.
I took this trade on a small 4X leverage over on the MEXC exchange.
For more IDEAS be sure to follow me here on TradingView
Carlos
NEARUSDT 1D Near Protocol price growth is acceleratingThe Nearusdt price movement structure is different from most altcoins.
Most altcoins started their downtrend back in late 2021 - early 2022.
The Nearusd price was still actively growing in April 2022, and then large buyers seemed to abruptly leave NEAR and the price irretrievably fell from $18 to $3. It hurts for those who trade without stops.
A new set of longs took place in the range of 3-4 dollars.
Now the Nearusdt price is starting to gain the amplitude of parabolic growth.
However, at the moment, we hardly believe that the Near price will be able to break through and establish itself above the liquidity zone of $6.90-7.60 from the first time. Therefore, this is the first strong target where longs taken below can begin to close.
If we see activity from you under this idea in the form of likes and comments, then after reaching the goal, we will update our thoughts regarding the possible further price movement of the Near Protocol.
Therefore, if you are interested in NEAR, everything is in your hands :)
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)