NEAR Bullish I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
NEARPERP trade ideas
Near a second testNEar tests the longer term trend line on a second candle body. Body tests > wick tests. I believe with this ETH and general market run Near will hit 3.7 soon and then I have longer-term price targets marked. OBV is climbing hugely, and we saw an expansion of volatility/stochastic.
Bull time.
Near is prioritizing technology over profitNEAR appears to be undergoing a corrective phase after experiencing a significant surge from $1 in October to $4.49 in late December 2023 – an impressive upward movement within just three months. A correction is not only expected but quite fitting. There's a possibility it may dip to $2.5 before making its way back up toward its previous all-time high (ATH), potentially resulting in an eightfold price increase.
Technologically, NEAR may not offer much possibilities for existing big tech companies, but its focus on supporting an open web with an aversion to aggressive monetization aligns with an admirable philosophy. NEAR emphasizes leveraging blockchain layers for innovative applications, prioritizing technology over profit. This idealistic approach challenges the conventional emphasis on monetary gains, suggesting a need for more companies with idealistic goals in technology development, as opposed to large multinational corporations.
Near climbs to trendNear and many altcoins had a major washout out of trend as the whole market corrected pretty decently. Near in just a few days is climbing right back to the trend line, only the stronger tokens do this. The token needs to retake 3.2 to convince me of an uptrend here.
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD
Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>>
The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low.
This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning.
Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
Near fights for supportNEAR after breaking out of the key monthly resistance has been riding the trend line down which is fine. I believe this is a false breakout and we need a lot more bullish posturing to push the price up here. I added a blue line of contraction and support, this could be one of the wedges I like to trade considering the candle bodies keep starting at the same price point. I added a rectangle to highlight the contraction of price. These types of setups like to explode upward from my experience, hopefully we can get off this trend line and hold > 3.75
Near short-term targetsNear has a few weeks of price action at each of the dashed lines. It already hit my first price target. If the token can stay above this monthly resistance (teal line) this will be very bullish indeed. I have always preferred Near over solana fundamentally, and this breakout offers way more upside. Bullish target is 4.2, more bullish 4.9, giga bullish 6.7$.
Near attempts to confirm breakoutNear might be having a fake out here with a weekly candle above the resistance, this candle has not yet closed and we could see it breakdown with this market correction. Time will tell, I believe Eth will pump hard in a few days/weeks so this might continue the upward trend.
Nearly there NEARNEAR has formed a cup along with a handle. The handle has dropped 14.91% and has moved back up, now it must break the rim of the cup to push on.
Target is on the chart of roughly $5.9 area
NEAR Price Trend Shows Impressive Recovery, Eyes $5!Impressive Weekly Surge: NEAR showcases a 55% increase this week, indicating a robust bullish reversal.
Approaching Key Milestone: The NEAR price is testing the crucial $4 mark.
Potential for Further Gains: A successful breach of $4 could propel NEAR towards the $5 threshold.
Staggering Year-to-Date Growth: NEAR's year-to-date growth stands at an astonishing 185%.
Three-Month Rally: A 212% return over the last quarter highlights NEAR's strong market performance.
Rising Trading Volume: Increasing intraday volumes suggest growing investor interest in NEAR.
Technical Indicators Align: Both Bollinger Bands and RSI indicate a sustained and strong bullish trend.
Daily Chart Momentum: NEAR forms multiple bullish engulfing candles, though a short-term pullback is noted.
Market Recovery Impact: NEAR's price movement aligns with the broader market recovery, attracting more investors.
Near-Term Resistance: A current minor reversal places NEAR at $3.55, with immediate resistance at $3.86.
NEARUSD This rally is far from over. +1300% rise on sight.Near Protocol (NEARUSD) is posting the strongest 1W candle since the previous Bull Cycle and has turned the 1W MA50 (blue trend-line) into Support. The 1W RSI is already overbought approaching the 80.00 level but there is still much room for this rally to grow long-term.
Historically, NEAR has seen two major multi-month rallies within the +1300% +1350% range. Measuring from the October Low, a new +1300% rise would push the price all the way to the top of the dominant Channel Down pattern. As a result, this is still a solid (even better confirmed) level to enter for the long-term and target 12.000.
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Near momentumNear approaches long term monthly resistance from a very long time ago. The first fib which I drew on the weekly chart approaches. This token I have not covered on TV, it is a smaller holding I bought way back in the bear and it looks to finally be moving. I prefer NEAR tech wise over Solana but its much smaller and riskier. I think the token tests the teal line in the next ten days.
Near Price Near close to reaching a local top. Then it will sell off, due to bitcoin reaching a local top.
NEAR's 115% Rally Sparks Bullish Excitement, Eyes $3115% Rally in Recent Weeks: NEAR token showcases an impressive 115% rally, highlighting strong bullish momentum.
Exceeding 50-Week EMA: The price trend surpasses the 50-week EMA, indicating a new breakout rally.
12% Jump in Two Days: NEAR token makes a significant 12% jump in just two days.
Potential Breakout to $3: If NEAR surpasses the $2.28 mark, it could potentially reach $3.
Rising Demand and Trading Volume: A substantial increase in trading volume and demand for NEAR token has been noted.
Bullish Market Recovery: The overall market recovery, along with Bitcoin's performance, is positively impacting NEAR's price.
Rounding Reversal Pattern: A potential rounding reversal forming with a neckline at $2.71 is observed.
Fibonacci Retracement Levels: NEAR price surpasses the 78.60% Fibonacci level, aiming for $2.93 or the 61.80% level.
Strong Uptrend in Daily Chart: Multiple bullish candles in the daily chart reinforce the uptrend.
Technical Indicators - EMA and RSI: The golden crossover in EMAs and weekly RSI spiking towards the overbought zone support the bullish trend.
Expectation for 2024: NEAR price shows potential for a strong start to 2024, with a high momentum reversal rally.
Risk of Retest at $2.28: A reversal from higher levels might lead to a retest of the $2.28 breakout level.
NEAR/USD close to decision pointNEAR/USD to close to a decision point for a major reversal to the upside or continued downtrend if key support fails (green line).
Near Protocol Future GainsAwesome project in 2021 bullrun, but it has some issues the last 6 months. No clear direction of the project right now. NFT's are getting delisted from binance from competitor chains and Near was focused on NFT's mostly, without something innovative like other L1's.
I would buy a huge bag if it goes to 0.6$, or you risk entering now and DCA till 0.6$ and maybe below.
✴️ NEAR Protocol 6X Leverage (Experienced Traders/Adults Only)Leveraged trading is for experienced traders only or whomever wants to trade of course.
This is high risk and can result in liquidation and all money lost. If you don't know what you are doing, if you can't take a loss, please stay away; adults only.
With that said, let me show you the numbers of a simple trade.
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LONG NEARUSD
Leverage: 6X
Buy-in: $1.380 - $1.444
Targets:
1) $1.483
2) $1.583
3) $1.713
4) $1.933
5) $2.083
6) $2.333
7) $2.633
8) $3.303
Stop-loss: Close daily below $1.300
Potential profits: 780%
Capital allocation: 3%
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Thank you for your continued support.
I am wishing you profits and continued success.
Patience is mandatory, literally.
Thank you again, so you on the upside.
Namaste.
12.07.23 NEARUSD 15 Min OutlookPotential purchase after a run on sell side liquidity leading up to price moving from a discount to premium which represents an opportunity to take a bullish position that sees price move back towards equilibrium (atleast 50% retrace into previous price zone).
✴️ NEAR Trade Signal (8X)I am doing 8X on this one with a tight stop.
The bullish action we are seeing across the Cryptocurrency market leaves no doubt, we are already inside the wave.
Everything is likely to grow... Or should I say, everything is either growing or recovering from a major low.
The low was set 10-June, mid-June for the entire market, and now the resumption of the bullish move has been confirmed.
Namaste.
NEARUSD Still inside a Channel Down despite the rise.NEARUSD is having today the strongest 1D green candle since January 14th.
With that, it crossed over the MA50 (1d) for the first time since April 26th.
Despite the positives, it remains inside a long term Channel Down since the start of February and we should treat it as such.
Trading Plan:
1. Sell at the top of the Channel Down.
2. Buy if the price breaks over the Falling Resistance.
Targets:
1. 1.3700 (0.236 Fibonacci level).
2. 2.4000 (Resistance 1 and 0.786 Fibonacci).
Tips:
1. The RSI (1d) has already crossed over its Falling Resistance and reached he highs of April 15th. That might be an early Channel Down bullish breakout sign for the price.
Please like, follow and comment!!
✴️ NEAR Protocol Looks Great | 1,2,3,4 Steps PatternThis is a great looking pair and I will explain why... Feel free to boost this post and let's get started!
We have a new low on a long lower wick in June (#4). This was a strong drop and a recovery quickly followed which is always a strong bullish signal.
The current price is already trading above the December 2022 low (#1), marked blue, which is even better when it comes to Technical Analysis.
This is the 1,2,3,4 Steps Pattern we've been seeing all across the Cryptocurrency market.
First, the initial bullish breakout followed by a correction that will either produce a lower or higher low compared to the start of the recovery phase in January.
Regardless of the outcome of the correction, higher or lower low, what follows is a new bullish wave as we can see here as #4.
Short-term moves can be considered noise... Keep the bigger picture in mind, which is long-term sustained growth.
NEAR has lots to give.
We can expect to see new All-Time Highs in early 2025 or late 2024.
Namaste.
Last stand...The lower we go, the smaller chance to be wrong and better R:R ratio...
But who wants to long this any more at these levels... T_T...
Waiting for a motive wave.
