NEARPERP trade ideas
NEARUSD Bull ExperimentNEAR is starting to look pretty strong compared to the rest of the market. There's nearby overhead resistance in the form of both horizontal historical prices and downtrending MAs. Worth throwing a few bucks in now, and saving some capital in case it shows signs of weakness later.
NEARUSD Optimal buy level. Channel Up targeting $30.00.The Near Protocol (NEARUSD) is currently rebounding after making a new Higher Low on the 7-month Channel Up just below the 1D MA200 (orange trend-line). The true Support is the 1W MA50 (red trend-line), which provided a rebound last time it made contact with the price on February 24.
Since it firs started trading, NEARUSD has filled all Fibonacci extensions, with the latest being the 1.786. Naturally, the next fill should be Fib ext 2.0, which is exactly on 33.000. Technically, that would make a perfect Higher High on the Channel Up pattern.
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NEARUSD ❕ near before the local correctionSince the last idea, the price broke the ascending channel down and many factors point to a downward movement, but locally we can expect a correction before the support level. In case of a false breakdown and fixation above the support level I expect the resistance level to be reached.
NEARUSD ❕ NEAR is back in the channelFrom the previous idea, the price did not reach the entry point and returned to the ascending channel. Volumes on the rise have increased, and the price is now above the strong support level. Now the price is near the resistance level, I expect fixing above it, and after reaching the target indicated on the chart.
Near / USDthis chart is so complicated to explain but will try my best.
Yellow line is a strong resistance. If break above then will go long for my first target.
if we break this uptrend, will short and be carful as Monday high will act as a support, so if we break it, it will be a deviation, and play it down to the yearly open highs.