NEARUSDT.P trade ideas
Understanding the ADX Indicator: An Introduction to the ADXThe Average Directional Index (ADX) is a technical analysis indicator that helps traders determine the strength of a market trend. Developed by J. Welles Wilder in 1978, the ADX has become a popular tool amongst traders for assessing the overall trend strength in any financial market, be it stocks, forex, or cryptocurrencies. In this blog post, we will cover the basics of the ADX indicator, its calculation, and how to use it effectively in your trading strategy.
What is the ADX Indicator?
The ADX is a non-directional indicator, meaning it doesn't indicate the direction of a trend, but rather its strength. It ranges from 0 to 100, with values below 20 generally considered to indicate weak or non-existent trends and values above 40 indicating strong trends. The ADX is often used in conjunction with other directional indicators, such as the Positive Directional Indicator (+DI) and the Negative Directional Indicator (-DI), to determine the direction of a trend.
How is the ADX Calculated?
The ADX is derived from two other indicators created by Wilder: the +DI and -DI. These are calculated using the following steps:
1. Calculate the True Range (TR): The TR is the largest of the following three values:
a. The current High minus the current Low
b. The absolute value of the current High minus the previous Close
c. The absolute value of the current Low minus the previous Close
2. Calculate the Directional Movement (DM): The DM is the difference between the current High and the previous High (+DM) or the current Low and the previous Low (-DM), depending on which is larger. If neither is larger, DM is set to zero.
3. Calculate the Smoothed TR and DM values: The smoothed values are calculated using an exponential moving average (EMA) with a specified period (usually 14).
4. Calculate the +DI and -DI: Divide the smoothed +DM and -DM by the smoothed TR to get the +DI and -DI.
5. Calculate the Directional Movement Index (DX): The DX is calculated using the following formula:
DX = (|+DI - -DI| / (+DI + -DI)) * 100
6. Calculate the ADX: The ADX is the EMA of the DX values, typically using a 14-period EMA.
How to Use the ADX Indicator in Trading
Now that we know how the ADX is calculated, let's discuss how to use it in your trading strategy. Here are some tips for using the ADX:
Identify Trend Strength: The primary purpose of the ADX is to determine whether a market is trending. If the ADX is above 20, it suggests that the market is in a strong trend, whereas values below 20 indicate that the market is range-bound or has a weak trend.
Determine Trend Direction: Although the ADX itself does not indicate trend direction, combining it with the +DI and -DI can help you determine the direction of a trend. If the +DI is above the -DI, it suggests that the market is in an uptrend, and conversely, if the -DI is above the +DI, it indicates a downtrend.
Use ADX for Entry and Exit Signals: The ADX can be used to generate entry and exit signals. For example, a trader might enter a long position when the ADX is above 20, and the +DI crosses above the -DI. Conversely, a short position might be entered when the ADX is above 20 and the -DI crosses above the +DI.
Filter False Breakouts: The ADX can help you filter false breakouts by ensuring that the market is in a strong trend before entering a trade. For example, if a breakout from a support or resistance level occurs while the ADX is below 20, it might signal a false breakout, and the trader should wait for the ADX to rise above 20 before entering the trade.
Combine with Other Indicators: The ADX works well when used in conjunction with other technical analysis tools, such as moving averages, oscillators, or chart patterns. Combining multiple indicators can help improve the accuracy and reliability of your trading signals.
Conclusion
The Average Directional Index (ADX) is a valuable tool for traders to assess the strength of market trends. By understanding how the ADX is calculated and using it effectively in your trading strategy, you can better identify strong trends, determine their direction, and generate more reliable entry and exit signals. Keep in mind that the ADX is just one of many technical indicators available to traders, and it's essential to combine it with other tools and techniques to create a well-rounded and effective trading strategy.
NEAR price movement forecast: decline followed by growthThe price of NEAR is expected to initially decrease due to market correction or the influence of external factors. However, after the decline is complete, the asset's value will begin to rise, driven by improved fundamental indicators or positive news. Investors should closely monitor price dynamics and be prepared for both scenarios.
Please note that this is merely a model-based prediction and not financial advice. Market conditions can change rapidly, and actual outcomes may differ from the forecast. Always perform your own research before making any investment decisions.
Green area has to holdAfter a completed impulse there are several ways of looking at this correction.
-Double zig zag would be yellow count.
-Simple zig zag would be green trajectory.
Both ways, green area is a demand /support zone. Has to hold, otherwise i am not interested in longing this.
Waiting for a propper motive wave to bounce before longing. Crypto is scary now.
Hurry up and wait game.
NEAR/USDT looking bearish to us Hey guys 👋
Another one that caught our attention here is NEAR coin with a nice potential for reaching that lower support zone. From there one we will have two possible scenarios so let's see which one we will end up with!
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
NEARUSDTIn the chart, you can see that we have seen a downward movement that has created a downward trend line.
The price was previously rejected by the 0.618 Fibonacci line and was rejected again by the 0.5 Fibonacci line and went down.
I expect the price to rise to $2.075 and go back down, and of course we have good support at $1.75.
NEAR Long ideaFrom my POV I see AMEX:NEAR going to 0.618-0.65 Fib lvl, it’s not a must but thats what I see and we might get a wick to 15 $ As well.
This is not a finance advice nor I am some sort of export, just sharing my thoughts and point of view.
#NEARUSDT #LQR #TOBTC #LaqiraProtocol● You could get up to 125% ✌️😉 profit from the April 5 analysis
• Support and resistance are specified in the chart
• Levels are obtained from the intersection of the fib and static levels
• You can open a position after confirmation
• This analysis is not an offer to buy or sell
NEARUSDTHow do you do Crypto lovers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for NEARUSDT
There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 is a 4-hour resistance line. And at the bottom of this chart, S1 is our support area that shows the support of price at some points even since the past. We observe the price behavior in the past which was descending after having rejections at R2 and the price fell down to our support area. Then through a rising trend toward R3 again, the price could not rise at this triumphs and another decline happened down to S1 through three negative Marubozu Candles. Thus, the existence of morning star pattern is observable at the moment and we see the price fluctuation above S1 and below R1 line and our expectation would include two options. Either the price is supported well at the current point and start its rising trend over R1 and by having more fixation there even more rise to R2 and R3 is possible. Or we might not see some support for the price and by a falling trend toward S1, more decline happens then for it. W expect the price to move in a neutral behavior and not to have a decline by the time it is fluctuating over S1So wait for the proper moment to put your orders and act wisely via considering everything required. You should consider the market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you the best
NEARUSD ❕ bullish divergenceTrading volumes continue to decline on the correction.
Bullish divergence is still forming on 4H and 1H Timeframes.
I believe that the asset may continue to decline to test the range, but after fixing above the channel, the price will resume growth.
NEAR LONG AMEX:NEAR Ignore the Noise & Hold with Patience..!!
NEARLY FORMED POSITIVE CANDLE FOR 1H, THERE IS A 2% CHANCE, MY OPINION IS THAT IT WILL REACH THE RESISTANCE FOR THE DAY
NEARUSDT 4H LONGW in RSI, breaking the middle line and moving RSA, breaking the trend line, suspicious candle, confirming candle, breaking moving 50 in 4 hours BINANCE:NEARUSDT KUCOIN:NEARUSDT
All in on NEARNEAR been on radar for several days now and think its time it gives10-15%. Trade safe.
NEARUSD1DMA200 REJECTION 1DMA50 SUPPORTNEAR seems to be experiencing a rejection at the 1D MA 200 resistance but it has a 1D MA 50 that has just been breached to fall back on as support. If that fails a cluster of demand zone and diagonal support is not too far from that point increasing the probability of an uptrend for near. We can look for buy setup at any of this areas but the safest buy opportunity is one after the 1D MA 200 has been conclusively breached
W9.1-35 NEAR BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of DOUBLE bottom coupled with bullish divergence (Bullish reversal pattern) SL & TP Levels are defined.
NEARUSDT wants breakout?Hello traders, NEARUSDT is currently on a support and I expect a breakout..
everything is clear on the chart..
R:R = 1 : 6.87
enjoy trading <3
NEARUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
We got some complication but everything is relevant.HOLD
Entry: market and lower
Targets: 3 - 3.5 - 4 and maybe even ~5(not sure)
after first target reached move ur stop to breakeven
Stop: ~1.3 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
NEAR approaching short targetNEAR failed to hold the prior resistance/support level after the breakthrough causing a 'fake out' and now heading for our target short price range. Let me know what you think
NEARUSDT, time for a bull run?NEARUSDT / 1D
Hello traders, welcome back to another market breakdown.
NEARUSDT has been showing some kind of accumulation pattern which might lead to a short squeeze.
For more confirmation wait for the trend line to be broken.
Trade safely,
Trader Leo.
NEAR - I will invest at $0.5Hello, guys!
It's time to consider the altcoins which I plan to invest in. The first one is NEAR. I know it's fundamentally strong crypto asset which will show the huge growth in the next bull cycle with the high probability.
I marked the large bear market waves 3 and 4 and potential wave 5 to make it clear which market straucture I am going to trade. I consider now NEAR is printing last wave 5 which shoul contain with 5 waves also. It looks like nowa asset is in the wave 3 - the most impulsive one. Thus, in my opinion any purchases now are too dangerous. The target area where I expect the bottom is 1.61 Fibonacci extension. This is approximately $0.5 per coin.
Best regards, Ivan
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Back to mid term supportAfter 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.
