NEARUSDT.P trade ideas
NEARUSDT shortLooks like flat with upper deviation.
Can expect 0.5 and full flat, but will try to take 3R only
absolute chartist ideathis idea is pure chartism, there is a trendline which has been surpassed and now it has been retested now its seem like its time to go to the ressistance althought there is an inverted head and shoulders
NEAR IH&S to $10-11Last week NEAR completed an inverted head and shoulder pattern. The breakout had good volume and over the weekend we have retested the pattern's neckline, confirming it as support. I anticipate price to begin moving up to the target area.
Near, too far? Elliott wave and Price ActionIf you find this information inspiring/helpful, please consider a boost and follow!
Busted above this level before.
Now its coming back for a retest.
That combined with the Elliott wave count.
I think there could be a bounce here, for at least one more move to the most recent high. If price breaks below 7.70 swiftly, I think it may turn back into resistance.
📈Trading Strategy for NEAR : Long and Short Opportunities🪄🔍Let’s dive into today’s analysis. Bitcoin continues its correction phase from its recent uptrend, and with the weekend ahead, we anticipate the market will remain range-bound. Today, our analysis focuses on NEAR Protocol, one of the top crypto projects ranked 17th in the market. This project serves as infrastructure for other crypto projects and is trusted and utilized by notable teams such as Arbitrum, Polygon, and Eigen Layer, significantly enhancing its market influence.
🧩In higher time frames like the daily and weekly charts, the trend is undeniably bullish. However, on the 4-hour chart, we see a prolonged range box. After a false breakout to the downside, the price regained upward momentum but still lacks the necessary strength to break out of the range box and is currently consolidating at the top. The 25 SMA has approached the price, which could inject new momentum into the market. But since it's Saturday, significant market movement is unlikely. Nevertheless, the arrival of the 25 SMA could trigger another bullish leg.
🎲Currently, the RSI does not provide a clear long trigger. However, if the price breaks above 74.53, and you have an existing position, it is advisable to hold it, as this could lead to a substantial sharp move. A breakout of 8.507, followed by the RSI resistance breakout, might signal the start of the next weekly time frame rally. Therefore, don’t hesitate to hold your position if 8.507 is broken, and don't worry about potential stop-outs. A successful breakout could hit long-term targets, making the risk worthwhile. The targets for a long position could be 10.396 and 13.034.
📉For short triggers, the nearest trigger is 7.837. If the price tests this level and breaks it on a second attempt, I will open a short position and quickly secure profits due to the overall bullish market momentum. The next short trigger comes after breaking the trend and a breakdown below 6.676, where you can open a position targeting the bottom of the range box. An RSI trigger can be identified at 43.87, and a breakdown below this level could confirm the entry of bearish momentum into the market.
📊Regarding volume, it is currently in favor of buyers. The volume has increased with rising prices and decreased during corrections, indicating weak selling pressure.
📝In summary, NEAR Protocol shows strong long-term bullish potential, with key levels to watch for both long and short positions. While the market may remain subdued over the weekend, significant moves could occur with the break of critical levels identified. Proper risk management and attention to volume trends will be essential in navigating these trades successfully.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
NEAR'S STILL WATER MIGHT BE RUNNING DEEPBINANCE:NEARUSDT is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep"
There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI) which has pushed price to $4.7 followed a strong hidden divergence on the daily RSI after the correction to $2.45 leading the price to it current state and possibly beyond.
The technical obstacle here is if the previous support level becomes resistance else expect 200% surge from current price. The invalidation level (red dotted line) for this scenario is at $1.74.
Overall, on the primary degree or call it macro view, it looks like we have completed wave B/2-cyan which retraced almost 80$ Fibonacci level (very close to the ALL TIME LOW) and we are presently on the journey to wave C/3-cyan
OTHER ANALYSIS
NEAR Protocol Eyes Critical Resistance: Breakout or Pullback?As NEAR Protocol (NEAR/USDT) continues its bullish ascent, NEAR approaches a crucial resistance level at $8.443.
Support Levels:
$4.944 : A significant support level that has been tested multiple times, acting as a strong floor during the recent uptrend.
$2.714 : Another support level that was respected during the downtrend and recovery phase.
$0.997 : This level marks the lowest point on the chart, providing a major long-term support.
Resistance Levels:
$8.443 : The current price is approaching this resistance level, which aligns with previous peaks and consolidations.
$17.024 : A historical high that could act as a strong resistance if the price continues to rise.
Potential Scenarios :
Bullish Case : If the price breaks above the $8.443 resistance, it could target higher resistance levels, potentially moving towards $13.00 and then $17.024.
Bearish Case : If the price fails to break the $8.443 resistance and reverses, it might retest lower support levels like $4.944 or even $2.714.
Near - short ideaLooking at this short on NEAR the strucuture remains bearish and for now it doesn't seem to flip bullish. I am looking for either the FVG or the 2H supply to hold. If this works out the target is $6.65 ✅
NEARING A HEAD AND SHOULDER PATTERNIn this idea, I'll tackle the bullish pattern, inverse head and shoulders forming for $BINANCE:NEARUSDT. Currently, it is sitting on the neckline, and I've been monitoring this coin two days ago. I'm now lending this idea as it could have a potential for a breakout anytime soon. More details for the technical analysis for NEAR in my idea threads below. Stay tuned :)
NEAR PUMP!Hi Everyone!
NEAR Analyze ( NEARUSDT.P), 4-hours time frame ⏰
NEAR looks like making HnS Pattern
The breakout from the HnS pattern presents a potential buy setup
- if NEAR can continue pump, first target is 8.920
- and You can Buy on Breakout 7.685
- or buy on support 6.785
GoodLuck Guys!
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*DYOR
NEAR/USDT inverse head and shouldersNEAR/USDT looks bullish + inverse head and shoulders pattern. Looking for these targets next.
NEAR 80% potential profit!NEAR has reached resistance and has an ascending local structure. Additionally, we see a huge volume from the bottom for buying. The chart looks very similar to PEPE (attached below). We can look for an entry point after confirmation above the resistance.
#NEAR/USDT breaks the Diagonal Trendline & holding above it in 4#NEAR/USDT breaks the Diagonal Trendline & holding above it in 4-Hour TF!
AMEX:NEAR needs to hold this trendline to gain bullish momentum. The local resistance level is PMH $7.71 and the support level is PWL $6.8.
$NEAR looks promising for x2 Rally Supported by both Dynamic SuAMEX:NEAR looks promising for x2 Rally
Supported by both Dynamic Supports EMA 50 & EMA 100 + it's bullish pennant overall
Need to break through the resistance confluence of Resistance Zone + Descending Resistance
1 Target: 9.5$
2 Target: 12.4$
3 Target: 14.9$
NEARUSDTNEARUSDT is showing bullish divergence and it breaking its Last LH plus TL
place a buy stop at 6.52
NEARUSDTmy entry on this trade idea is taken from a point of interest ABOVE an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Nearusdtnear has turned well into an upward trend, the target is 9 dollars, but it is enough for me to eat my target 😁😍
NearusdtI see the weakness of the trend in the near, from the same area when it reached $6.80, it was clear that it only wants to collect the high liquidity and dump it.
NearusdtUnlike Bitcoin, near respects all block orders, it is not like Bitcoin According to the previous position, I had taken the near sale I am waiting to buy now Target $9
Important section: 6.974-7.700Hello traders!
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(NEARUSDT 1M chart)
The box section of the HA-High indicator spans a fairly large range.
Accordingly, I think it is highly likely that there will be significant volatility until the box section of the HA-High indicator converges.
Adding the EMA indicator to a secondary indicator can help predict the movement of the secondary indicator.
In other words, adding the EMA indicator of the BW indicator or StochRSI indicator can help predict future movements.
For example, if BW < BW EMA, you can know that there is a high possibility of a decline in the future, so you can have time to react.
Therefore, even if the BW indicator is located at the highest point of the overbought range, this means that there is still time to change to the state of BW < BW EMA.
StochRSI indicator Also, although the StochRSI indicator is showing signs of turning downward in the overbought zone, you can see that there is time to reach a state where StochRSI < StochRSI EMA.
Therefore, adding the EMA indicator to various auxiliary indicators may be advantageous for interpretation.
(1W chart)
It received support and rose near the HA-Low indicator and is continuing a stepwise upward trend following the HA-High indicator.
This is the last time to buy at the low point until the box section of the HA-Low indicator is formed and the price rises above the upper point of the box and appears to be maintaining the price.
However, when the HA-Low indicator is supported and rising, it is actually not easy to proceed with the purchase.
Full-fledged buying occurs when it receives support near the HA-High indicator and begins to rise.
This is when the upward trend begins to become evident.
In this case, if the M-Signal of the 1W chart > M-Signal of the 1M chart, you will be able to have more confidence in purchasing.
If the upward trend continues, the box section of the previous HA-High indicator will be reached.
The box range for the previous HA-High indicator is 10.029-17.430.
Therefore, it is highly likely that you will have difficulty breaking through this section upwards.
If it receives resistance and falls near 10.029, there is a high possibility that the HA-High indicator will be created again, so it is important whether it can receive support and rise near the HA-High indicator at that time.
(1D chart)
The key is whether it can receive support around 7.369 and rise above 8.581.
If not,
1st: 6.974
2nd: 6449
3rd: 5.8-5.947
You need to check which of the 1st to 3rd levels above you receive support.
Receiving support around 7.369 means receiving support in the psychological volume profile section, so there is a high possibility of creating a new trend.
However, if it falls without support, there is a high possibility that selling pressure will increase, so caution is required when trading.
Since the M-Signal indicator on the 1W chart is passing around 5.8, the support range is around 5.8-5.947.
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- Check if it can be supported and rise near the BW indicator (7.294) on the 1M chart.
- Check if the HA-High indicator can rise above the box-top point (7.700) on the 1W chart.
- Check whether support can be found in the psychological sell-off range (6.974-7.322) on the 1D chart.
Therefore, the current price position, that is, support in the 6.974-7.7 range, can be said to be an important key.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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NEAR LOOKS BEARISHnear has a bearish structure. Price is constantly respecting supplies and creating lower Ls.
If the price returns to the red range, we will look for sell/short positions in this range.
Note that the green range is a strong support range!
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
