NEARUSDT.P trade ideas
#NEAR (SPOT) entry range( 3.600- 4.800)T.(16.300) SL(3.423)BINANCE:NEARUSDT
entry range( 3.600- 4.800)
Target1 (7.230) - Target2 (11.700)- Target3 (16.300)
SL .1D close below (3.423)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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NEAR Protocol: The Bearish ImpulseNEARUSDT (NEAR Protocol) started growing from a low point that was hit mid-August 2023. This low point was a price of 0.9254. After some consolidation, a bullish wave developed (mid-October 2023) that lasted 148 days, until 15-March 2024. Total growth for this period amounted to 873%.
The end of the bullish wave signals the start of a bearish wave, a correction. The correction has been now ongoing for 229 days. We can say that this is a very long correction, but the market has been mostly sideways. knowing what comes after, the bull-market, it is normal that any bearish action must unravel before this event.
NEARUSDT produced a strong drop in early August but quickly recovered to test MA200 as resistance and this resistance holds. With resistance being confirmed, the pair is set to move lower in order to test the latest low as support. Since we have lower highs long-term, we can expect the previous low as support to break; we are looking at a bearish impulse, the last drop of 2024.
Thank you for reading.
Namaste.
NEAR longNEAR broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 4.77 is expected to happen.
NEARUSDTI have said it many times in my speeches and I will say it again, money has the power of God in today's world
It is better to express my words this way, if Trump wins the US election, you will also see that the crypto market will experience a heavy drop, so that the government budget deficit and the heavy expenses of the US government and the US stock market will be saved from bankruptcy, with a plan that Picking for the market
This is my point of view, there may be other points of view
The duty of friends who believe in my analysis is to register these currencies, which will be registered from today, in a place where they can move like the American government and enjoy the chart.
There are two views of the market, the first view is downward, the second view is upward
My view on crypto is bearish, friends, from today onwards, be careful in your spot purchases, it will be more dangerous than you think.
Because big companies have to do this to save themselves from bankruptcy and take a drastic swing from ordinary people.
NEAR Long Spot Trade (Retrace to Support) Market Context: NEAR has retraced to a major support level, providing a favorable long spot trade opportunity.
Trade Setup:
Entry: Around $4.50
Take Profit:
First target: $5.00 – $5.55
Second target: $6.50 - $7.00
Stop Loss: Below $3.90
This setup aims to take advantage of the strong support for a potential bounce. #NEAR #Crypto #Trading #Support
NearUsdt for sell.Price broke out downward of a symmetrical triangle, confirming bearish trend. Wait for retest and and a bearish candlestick candle to form.
nearIt has a small support now, which is not important to me
I will let him come first, I will decide on the middle of the channel and then the bottom of the channel
Near Short IdeaConsidering a short before getting to the resistance level . SL just above the resistance, TP at a close support.
Long NEARConsidering a long if the price gets into the Demand zone, under a support. Maybe getting into that fake breakout
Breakout of either side.Price formed a symmetrical triangle, Wait for breakout of either side to take entry.
NEARUSDTSell stops over the previous lows have been taken. Two green point are our POI. We will wait for the trend to reach in that zone.
NEAR Looks BullishOn the chart, the trigger line is broken and we have a bullish CH.
We have signs of trend change on the chart that we are looking for buy/long positions in the POI range.
The targets are marked on the chart.
Closing a daily candle below 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
Potential short setup on NEARso as you can see price shifted structure on the higher time frame looking very bullish right now and as it's clear after the mitigation of the 30min order block price actually didn't give us any chance to enter long and went straight up.
but it's currently in the premium zone above the EQL and between those ranges that I marked with check marks(the low and the high) and any buys actually is not valid for me but there is a 2h order block happen to in the golden zone of the fib retracement too with the liquidity resting below it and as soon as I see a confirmation in lower time frame I'm gonna sell the price at least to the mid range or maybe lower toward that unfiled imbalance.
for the record there is actually equal lows in that 4h demand that are not swept and price could sweep them before any upward move.so I'm gonna let you all know and keep you updated if anything happened.
best of luck
$NEAR LONGENTRY: 4.7
SL: 4.3
TP: 5.9
Reason:
- BTC back to range low into the 62k-66k range
- Prices hold in Daily FVG
- H4 holds support in the local range
- H4 Stoch crossing
- breaking $5 will confirm breakout
NEAR Protocol Faces Potential Downtrend NEAR Protocol Faces Potential Downtrend
NEAR Protocol has completed a bearish pattern over the past two days.
Despite breaking out from this pattern, the price is hesitating to move further down.
However, Bitcoin’s current downward trend and today’s FOMC minutes could support a bearish move for NEAR, as indicated in the chart.
The first target is approximately $4.68, with a maximum target for the moment around $4.568
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NEARUSDT Ready for Takeoff!!NEARUSDT has successfully broken out of its trend and retraced, and it’s now setting its sights on key resistance levels. A successful breakout could trigger a significant upward move, making this an exciting opportunity for traders. Remember to always maintain your stop loss to manage risk effectively. Keep an eye on NEARUSDT—it might just take off!
NEARUSDT Currently trading at $5.2
Buy level: Above $5.2
Stop loss: Below $4.35
TP1: $5.8
TP2: $6.5
TP3: $7.5
TP4: $9
Max Leverage 3x
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NEARUSDTThe current price is trading below both the baseline as well as key technical indicators such as RSI and Williams %R, signaling a potential shift towards bearish control over the price movement.
NEAR ANALYSIS Technical Analysis for NEAR/USDT
Summary of Current Situation:
The overall sentiment for NEAR/USDT, based on both the daily and weekly charts, points to a bearish trend in the short term, with indicators showing strong downward pressure. However, there are hints of potential support and some oscillators signaling possible reversals, especially in oversold regions. We will now analyze the data, project possible outcomes, and offer actionable advice for both short-term and long-term strategies.
Key Indicators from Daily and Weekly Data:
Relative Strength Index (RSI):
Daily: RSI stands at 46.444, signaling a neutral market, but it is approaching oversold territory.
Weekly: RSI seems to indicate more room for downward movement before hitting extreme oversold levels.
Moving Averages:
Daily: The majority of moving averages (especially EMA 10, 20, and SMA 100) indicate a Sell signal. The SMA 50, however, is showing a Buy, hinting at a possible medium-term support level.
Weekly: The longer-term moving averages, such as the 200-day and 100-day SMAs, also flash Sell, reinforcing the bearish sentiment.
MACD:
Daily: MACD shows a bearish divergence, supporting a Sell signal. The histogram suggests that momentum is still favoring sellers.
Weekly: The MACD on the weekly chart appears to confirm the long-term downtrend.
Momentum Oscillators:
Daily: Both the Momentum indicator (-0.632) and the Williams Percent Range (-82.105) suggest that NEAR is nearing oversold conditions, which may present short-term buying opportunities.
Weekly: Momentum remains weak, confirming that any significant uptrend will likely take time to form.
Volume Profile (Visible in Weekly Chart):
We observe volume building in the $4.00 to $5.00 region, indicating accumulation zones.
Weakness is shown at higher price levels, suggesting that a breakout to the upside may face heavy resistance.
Short-Term Technical Analysis (1 to 4 Weeks):
Price Action:
NEAR is currently trading around $4.55, a critical psychological and technical level.
The price is near short-term support at $4.40-$4.50, where buyers may step in. However, if this support breaks, we could see further downside toward $4.00 or even $3.80.
Actionable Entry Zones (Short Term):
Buy Zone: Between $4.30 and $4.50, where the price is approaching oversold levels on several oscillators, and near the 50-day SMA support.
Stop Loss: Set at $4.10, just below key support levels to mitigate downside risk.
Target Zones (Short Term):
First Take Profit: $5.00 - This level coincides with the 100-day SMA and could be a solid resistance where short-term traders might want to take profit.
Second Take Profit: $5.40 - If the price manages to break $5.00, $5.40 will be a key resistance to watch, potentially closing positions here.
Shorting Opportunity:
If the price breaks below $4.20, a short position targeting $3.80 would be advisable, given that support will be much weaker in this region.
Long-Term Technical Analysis (3 to 6 Months):
Longer-Term Trends:
The weekly chart still shows downward pressure, as the majority of moving averages remain in Sell territory.
The price could retrace further to long-term support at $3.80 if the current market conditions continue.
Projections:
Bearish Scenario: If the price breaks below $4.00 and the overall market sentiment remains weak, a potential drop to $3.20-$3.50 is feasible. The market will likely experience accumulation at this level.
Bullish Scenario: In case of a reversal, $5.80-$6.00 will be the key resistance range, corresponding to both previous highs and the volume build-up area. Breaking this level will signal a long-term trend reversal.
Actionable Entry Zones (Long Term):
Buy Zone: If NEAR drops to $3.50-$3.80, this would be a significant accumulation area. Historical volume and market psychology point to a strong demand zone at this price.
Stop Loss: Place a stop loss around $3.20 to limit exposure in case of a further bearish breakdown.
Take Profit Levels: Long-term targets would be $5.50 for moderate upside and $6.80 for a more aggressive target, should the reversal gain momentum.
Advisory & Strategy:
Short-Term Traders:
Buy around $4.30-$4.50 with a target of $5.00-$5.40. Use a tight stop at $4.10 to manage risk.
If $4.20 breaks, consider a short position targeting $3.80 with a stop-loss near $4.60.
Long-Term Investors:
Consider buying on dips around $3.50-$3.80 for long-term accumulation. The projection for this range suggests strong long-term support, offering favorable risk/reward for long-term gains.
Targets for long-term profit taking should be around $5.80-$6.80, with stop-loss placement below $3.20 to protect against further downside risk.
Conclusion:
In the short term, NEAR/USDT looks bearish, but potential support around $4.30-$4.50 offers a possible buying opportunity. For short-term traders, this area could provide a bounce toward $5.00-$5.40. In the long term, further downside to $3.50 may occur, but this level would be ideal for long-term accumulation with a favorable risk/reward ratio. Monitor the support zones carefully and adjust stop losses based on price action and market volatility.
Clear Bullish Setup👉 The Main Pattern Formed At The Chart Is a Bull Flag And The Price Breakout The Mid Trend Line By The Strong Candle, Small Correction To The 5$ Area Is Possible But Totally The Main Trend Is Bullish, 7$, 8.8$ And 10$ Are Next Local Targets
The Price About To Break The Trend Line And Start a New Impulse 📈 There Is a Clear Impulsive Structure Formed At The NEAR Chart And Wave 2 Completed At 3.5$ Support Area By The Clear ABC Structure
👉 Currently The Price About To Start a Wave 3 And Playing Below The Trend Line, Expect a Breakout From The Trend Line Toward a 7$ As a Top Of The Channel And Breakout The Bull Flag To The 9$ And 12.6$ Targets
