NEAR Protokol warning๐ฅ๐ฅMy indicators were already showing me to buy Indicator will show you helpful tips at the right time The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance. After 4 times, break out attempt on 2.40, price is heavily rejected. It has moved to a midterm trend line. But RSI is heavily sold, currently 29. It might have maybe 1 more day to go , But i predict, these are the levels it will hold.
NEARUSD trade ideas
NEARing a breakoutLooking at NEAR/USDT 4H chart going back to late Feb 2023.
We see six(!) firm rejections at recapturing the 200MA highlighted in the circles. I would generally consider this bearish as the token doesn't have enough buyer support to flip the MA from resistance to support. But what I've noticed in years of crypto charts is those six rejections will dramatically help cement the 200MA as support when it finally does flip it.
Bollinger Bands are the black lines, and we see the upper band trending above the 200MA. While the retracement from the recent rejection happens, its continues to consolidate between the .5FIB & .236FIB. This is akin to coiling and building up strength for the push back up.
$1.85 has historical value for the coin and is also reflected as the .236FIB in this chart. I'm expecting a quick trend down towards there, then we'll get our seventh attempt at cracking the 200MA thereafter. I believe that NEAR will recapture the 200, whether its the seventh or eleventh attempt I can't say. But I know that when it does finally flip the 200, we'll be moving back up towards $2.70 quite quickly.
Short term play would be to enter at bounce near $1.85, then exit around $2.70 (strongest resistance after flipping 200). Long term play would be to DCA now then use NEAR within their DeFi ecosystem during the bull market. ATH is $20 and that was during its first market cycle. Most major cryptos print higher than their previous ATH in subsequent runs, unless the coin is plagued by inflation.
Either way I'm confident it's just a matter of time before NEAR breaks out from under 200MA and moves up. NFA
NEAR Bullish for this weekNEAR Protocol is a layer-one blockchain designed as a community-managed cloud processing platform and which removes some of the limitations that have hindered competitive blockchains, such as low transaction speed, low throughput, and poor interoperability.
Currently CLOSE has broken the resistance line at $1.98 with a full body candlestick. This means that NEAR is in a strong buying position. Potential purchases can be in the area of $ 2.01 with a stop loss at $ 1.97 and a potential loss from the entry point to the stop loss of 1.76%. The potential target for an increase is 6.88% at HKEX:2 ,144
NEARUSD Attempting the first 1D MA200 test in 9 months!The Near Protocol (NEARUSD) is at the closest it has been to the 1D MA200 (orange trend-line) in more than 9 months as there hasn't been any contact since May 05 2022. Even in the event of contact or even marginal break-out, it is not the time to celebrate as within the Bear Cycle's Channel Down (since January 14 2022), there have been another two similar occasions that both started on a Higher Lows bottom but failed to break above the Resistance Zone formed by the previous Lower High of the bearish leg.
That is currently a little below the 0.382 Fibonacci retracement level. In order to extend our buying, we need to see a break above the top (Lower Highs trend-line) of the Channel Down, in which case we expect the price to fill the upper Fibonacci levels one by one.
Note that the 1D RSI invalidating a Bearish Divergence is a positive sign.
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Coin on volume. Bounce from the resistance zoneWe observe strong growth in the asset. It is traded on increased volumes. Bitcoin has passed to a strong resistance level, can spill the entire market. Also our asset in the sellers area on a round number. Candles are closed with shadows, buyers have little strength. I expect a rebound from the level. Target - PoC volumetric level
NEAR Warning Bullish๐ฅ๐ฅNear Breakout Incoming! Can buy Near . I bought it and froze it 1.35$ is the most favorable situation to buy the Near asset, the price will soon increase and we will make a profit by Sell 5$ There will be such information that this news will cause the price to change. How the price changed after some information we provided
Will FED be #NEAR sighted and whack NEAR COIN? โ๏ธNEAR/USD -12HR
Head and Shoulders pattern forming.
If the neckline is broken and confirmed, a measured target would be in the mid to low $2 range
Fed meeting tomorrow could be the catalyst to invalidate the pattern or cause the break down. ๐
Short on confirmation, neutral until then.
Gangster Long...Fear is currently ruling these markets and it's probably a great time to be accumulating crypto dirt cheap as I believe the future is very bright for alt L1 chains that have already shown promising signs of growing network effects as the future will be multi-chain, Most people still have no idea about the role crypto will play in the future and are quite dismissive of it amounting to anything...I believe these people will be quite surprised in the years to come.
#NEAR is positioning itself for a W pattern to ~ $10Early stages of the W being formed.
But this gives us a clear level which negates this idea... the most recent local lows.
Currently long NEAR on spot and low leverage futures.
I like what i'm seeing on the development of this ecosystem , and believe it will thrive in the next cycle.