NEAR Trading targets 2024-25Quick T/A update for September 2024 - December 2025
Monthly chart of NEAR price from the beginning. Purple and blue fibs are what I call 'Origin Fibs', which I use for medium to long-term crypto trading. When close together they can create trading zones that I check for historic resistance and support. One of my principles is that zones need to become 'confirmed support zones' before a meaningful push to the higher zones becomes more likely to occur.
With crypto, hype and fear dramatically influences price, which is expressed in big peaks and sudden troughs. I therefore take a longer term view.
With NEAR, the $8-$9 zone is a confirmed support zone, which in my view increases the likelihood of this zone being overcome in the short term and reduces the likelihood of a confirmation move (i.e. price can shoot through it without requiring a re-touch for confirmation).
Trading Target Zone I ($11-$14) however, is a yet-unconfirmed support zone and therefore a different story. Selling in the high end within this zone, can result in a good buying opportunity later as the price meanders back down (potentially as low as $11, with an intra-month spike even below that) to confirm this zone as a support zone.
Trading Zone II is highly likely to spark a pull-back before it may be overcome later. I'm not speculating beyond this point.
Good luck NEAR hodlers and LT traders.
NEARPERP trade ideas
NEAR entering a bullish phaseA green dot on a trading indicator typically signifies a buy signal or an indication that the asset may be entering a bullish phase. For the NEAR token (NEAR Protocol), this might mean that technical indicators are suggesting a potential price increase or that it's a good time to buy.
Sell target is when the stochastic RSI (Light Blue Line) gets back to the White Dotted Line or we get a red dot. Whichever comes first.
NEAR tests 20EMANEAR finally tests the 20EMA after bouncing off the demand zone, this token is very strong relative to the market. The dip into demand was shallow. My next area of resistance is the teal momentum trend line. Similar to my RNDR chart, I added Bollinger bands to show context of a likely bottom. This chart is a bit more bullish as the stochastic RSI has already started to point up on the weekly.
-My plan is to sell 25% at 20$, then 50% at 50$
Breakout in Near Protocol $NEAR In the 4 hourly chart, the price of AMEX:NEAR has been consolidating for quite some time now and it has broken out of the range.
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
NEAR in daily chart (update)Hello
We have discussed about it in the last published idea and now I just want to remind that there are probably 2 scenarios for NEAR, both of which are bullish.
In scenario 1 we have a Leading Diagonal that is making its wave 2 (ABC intermediate) and in scenario 2 there is 2 set of 1,2 wave of an extension.
For scenario 1 every thing is acceptable except "time" which would take to long if it happens, and for scenario 2 we should accept wave (2) intermediate time in comparison with wave 2 Primary.
Time discloses it.
Thanks
Near dips into demandNEAR is a stronger Ai focused altcoin that has dripped very briefly on a wick into the daily demand zone. You can tell if an asset is stronger if only wicks touch the demand, and if it only falls to a daily or 4-hour demand. NEar is slated to be one of my largest holdings and I will accumulate more if we candle body dip into the rectangle here.
NEAR Daily ChartHello
One of my favorites in this market is NEAR blockchain and you know why. I the terms of Elliott analysis, it seems that an expanded Leading Diagonal is happening which is a rare pattern, and so we consider all failures possible for that. As an idea, if it happens we will see a sharp rally at least to the 261.8 % Fibo level.
If it is not a LD is not really important because that structure is an impulse (wave 1,2 of extensions) and we will get out gains very soon.
Thanks
Chart Pattern Analysis Of Near/USD
K3 break up the upper limit of a potential bullish triangle pattern under increased volume,
It reversed the larger scale horizontal trend.
So, I bought it at 8.06.
If the following candles consolidate here for days,
It is still a good place to increase long positions.
The potential support at about 7.74-7.86.
Long-8.06/Stop-7.5/Target-16
Long-7.86/Stop-7.5/Target-16
Risk rewards for #NEARThe risk is that Near test's the all time lows at 50 cents
The reward for a move back to 61.8%/50% retracement is getting close to a 10X
All time high's back in 2025 20X
Are these optimal prices for the ultimate ROI???
We don't know of course!
But trying to nail the bottom on these coins is a dangerous play.
If we DCA into our favoured coins , we do actually have a chance of catching at least one or two bottom's
So the risk / reward is starting to be lucrative again.
And this next bottom in #alts is likely to be the one u can actually ride for the rest of the cycle.
Rather than lows at the start of the year.
Will NEAR Price Break Above $10 This Time?Overnight Surge: NEAR saw a notable 14.70% jump overnight, indicating strong market entry and bullish sentiment.
Rising Channel Formation: The daily chart shows a rising channel pattern, suggesting a stable and consistent uptrend for NEAR.
Sustained Momentum: The positive wave structure from under $6 to current levels emphasizes sustained buying interest.
Market Recovery Leverage: A broader market recovery, aided by a spike in Bitcoin's price, provides additional momentum to NEAR.
Resistance Reckoning: The price is challenging the overhead resistance trendline, aiming to solidify gains above the $8 mark.
Volume Validation: A 126% increase in trading volume bolsters the likelihood of a breakout rally, underscoring robust market participation.
RSI Reinforcement: The RSI remaining above the halfway line with an uptick reflects increasing demand and a bullish market for NEAR.
DMI Dynamics: A positive uptick in the Directional Movement Index (DMI) and ADX points to a strengthening bull run.
Fibonacci Foresight: Technical analysis suggests that hitting the 1.618 Fibonacci level at $16 is plausible, following potential stops at $10 and $12.
Dual Potential: While there's a strong case for upward movement, a fallback to retest $6.215 remains a possibility if momentum wanes.
NEAR's Bullish Surge Aims To Hit $16Demand Zone Dynamics: NEAR's recent halt at the $0.65 demand zone suggests a strong support level, signaling a potential turnaround point for the price.
Fibonacci Foothold: Currently trading under the 23.60% Fibonacci retracement level, a move above this could signal the beginning of a stronger recovery.
Psychological Milestone Mastery: Breaching the $1 psychological mark is pivotal for NEAR's uptrend revival, setting a bullish tone for future price movements.
Altcoin Ascendancy: As Bitcoin shows strength, NEAR is positioned in the spotlight of the altcoin sector, hinting at a broader market recovery influencing NEAR’s price.
30-Day Thrive: With a 30% increase over the last 30 days, NEAR is showing signs of a sustained uptrend, albeit with caution at key resistance levels.
Recovery Rally Ready: The price nearing $7.295 and the potential to challenge the $9 peak suggests that the ongoing pullback phase may be concluding.
RSI Resilience: The daily RSI remaining above the halfway line demonstrates sustained buyer interest and bullish market sentiment.
MACD Momentum: Delay in the negative MACD crossover supports the bullish narrative, indicating that the recovery rally has legs.
$10 Psychological Pinnacle: Breaking the $10 level could catalyze a significant bullish momentum, potentially leading to a sprint toward much higher price points.
Fibonacci Forecast: The potential to reach the 1.618 Fibonacci level at $16.206 underpins a long-term optimistic scenario for NEAR, driven by ongoing and future bullish sentiments.
NEAR forms a long-term channelSideways channels are generally more reliable than diagonal channels. After wicking to a weekly demand zone, Near finds itself in a large range from early March. A large amount of resistance is in its path which I circled on the left side. This may be why you see wicks attempting the topside of the channel with no candle bodies. Once this area is eaten away I expect a very explosive move through this change. I believe once this breaks 10.8$ is a sure thing.
Sold NEARI bought this coin at $3 and now it's at around $7, my biggest regret is only putting $30 in there. This was before I took trading seriously, So I sold right now because this is a weird time in the markets where every thing should be down, I know it will go down even more so that's why I sold all of it.
NEAR ProtocolNEAR Protocol is a cloud computing layer-one blockchain platform that provides useful features. It seems a big harmonic pattern has ended as price broke the downtrend line. Still, there are two lines that price needs to break upward in order for the uptrend to be confirmed. First is the minor downtrend line and second, and more important, is the horizontal line/area. Let's see what happens.
NEAR shenanigans not likely to change the outcome - ATH in sightI love TA on crypto! Check out the shenanigans on NEAR price action as BTC tracks sideways as part of a presumably minor hick-up...
First we had a triangle and what looked like a breakout (first chart below). I posted on this, expecting NEAR to take off (see link).
But as BTC pulled back a little this turned out to be a fake-out and price fell rapidly (second chart below).
However the fake-out allowed a channel to be charted to provide support for a reasonable (limited downside) exit strategy (third chart below).
The price of NEAR behaved by recognising the bottom of the channel so there was no need to bail out (fourth chart below).
And viola! - we're back at the top! Expect a small pullback here (noting I'm expecting BTC to correct a bit more), but this chart screams for a breakout to the upside and then an ATH is well and truly probable.
NEAR updated demands, strong bounceNear had a very strong bounce this weekend after the major altcoin crash. I updated a weekly demand, weeklys are MUCH stronger supportive ranges than dailies. You have to switch to weeklys when the market dies this badly short-term. The teal momentum trend line is right above this important zone. We have already seen a wick into this demand, that could be it, did you buy the dip, I know I did.
-My very long-term target for NEAR is 60$, I predict it to be one of the major winners this cycle.
BUY NEAR NOW!!! THIS IS THE LOWEST IT WILL GET!FINALLY! After waiting for so long, It has finally reached the area of interest for higher prices! I full ported this in, holding for the long term!!! This is the one! It can possibly go lower, but the perfection in between the lines is absolutely insane! Looking for higher highs from here on!! Get ready for the Halving!