NEAR Protocol forum
NEARUSD NEAR moves never fails to make me surprise ,going straight into parabolic move without finishing it's 5 wave downtrend structure with no reason other than BTC pumping 2 percent , seems like a good time to enter short but we need to wait a little until it goes out of the parabolic curve , probably will dump again after hitting all stoplosses above 3.5
NEARUSD Downside move still remaining , we kind of having extended ABCDE correction and a bear flag , downtrend will be only invalidated if goes out of bearflag
NEARUSD This is forming a very clear 5 wave down, with wave 3 consist smaller 5 wave , usually wave 5 will be same as wave 1, if thats the case it will put another leg down to 2.9 and can extend it's move toward it's main support area at 2.5, but I keep my buys at 3.05$ with stoploss in profit bellow prev higher low at 3.08 incase it invalidates the structure and keep going up without going down again
NEARUSD Buying again at 3$ , it's at historical vs BTC again , if BTC pumps this will skyrocket to 4$ atleast, worth the riskNEARUSD it's still an ABC correction from prervious move to the downside , as long as it doesnt break last high at 3.6 we are still in downtrend , current move is also looks like an ordinary 5 wave downtrend , its becoming very oversold in 4h but it is what it is, being oversold doesnt mean it will pump it can hover around this area for many hours , maybe this time it goes to 2.5 for a much better entry
NEARUSD baby came all the way back to 3.2 where previous move get started , but it's still high compare to most of alts that are sitting on their supports , this means NEAR have more buyers than most of them , will buy some if it hold this price for a couple of 4h candle ,This type of drops usually means BTC wants to start some sort of bull run soonNEARUSD The idea section of NEAR is so empty that I feel I'm the only one interested in trading thisNEARUSD Closing my buys at 3.5 , chart look a little weird , prefer not to hold crypto on holidays, it can always dive down again, will come back on mondayNEARUSD Very strong buy volume happened after CPI number ,I guess the downtrend is finished for now , Added more to my bag lets see if we can see 4$ again in few days or not
NEARUSD Just bought some at 3.2 in case it doesn't drop anymore, will add more if it reaches 2.5.Near/BTC chart is also at historical low,this might cause some sort of big pump soon