NEARPERP trade ideas
NEARUSD ❕ uptrend breakoutThe NEAR idea was successful and the price is now at the support level. We broke the uptrend channel and also formed a triangle during the decline. There are large volumes at the nearest resistance level, so I expect that after reaching the upper boundary of the triangle the price will retest the support level, fixing under it and reaching the next support level.
NEAR is close to possible capitulationPossible capitulation if price penetrates trendline to the downside. If it does and holds below trendline, either go short as soon as it closes below trendline for aggressive trade or wait for retest of trendline. Stop loss is tricky here since right shoulder and lower trendline spans 16%+, but I'll set it at $15.97, a middle point between upper and lower trendline.
NEARUSD ❕ stronger than the marketThe previous NEAR idea was successful and the price corrected. The coin is still stronger than the market and we continue to move in an uptrend channel. But the flag pattern during the rise was not worked, and during the fall a wedge was formed on the 1H timeframe. I expect a retest of the resistance level, and after reaching the support level.
NEAR LONG POSITION ! New Update !FTX:NEARPERP
This is the near NEAR-PERP chart setup.
You can use the chart setup set in the Share menu on the analysis screen.
This is a near 4-hour chart.
We are expecting a retracement to the harmonic pattern PRZ to 0.382.
A buy try near $15, which is the minimum retracement target of the pattern and at the same time the 4th correction bar.
Personally, I think there is still a downside target for Bitcoin . So buy with caution. Stop loss is short so that you can EXIT at any time.
Interesting Top Pattern NEARUSD As price crosses over 1.618 to 2.618 bulls take charge and push price way up to 2.618 top, price descends, ignores 3.618, but repeats on the transition from 3.618 to 4.618 with a bullish formation, leading to a rise, hitting the top at 4.618
Interesting Fib Circle pattern