NEARUSDTNEARUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new HH.
What you guys think of this idea?
NEARUSDT trade ideas
Near is nearHello friends
Regarding to this popular coin, we consider two scenarios.
if the bottom of the pattern supported, I will have a bullish view and will accompany it up to the two targets at above,,
Also, In the bearish scenario, if the bottom of the pattern is broken, we will go down to the target at the below.
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Nearly DepressingAs a NEAR holder I hope this doesn't play out, but I've charted what I consider to be a "worst case scenario" and I'll ask myself, if this happened, how would I play it?
NEAR is a simple, scalable, and secure blockchain platform designed to provide the best possible experience for developers and users, which is necessary to bridge the gap to mainstream adoption of decentralized applications. NEAR is completely carbon neutral as certified by South Pole.
Unlike other blockchains, this network has been built from the ground up to be the easiest in the world for both developers and their end-users while still providing the scalability necessary to serve those users. Specifically, NEAR is designed to make it easier to: Build decentralized applications, even if you're only used to building with "traditional" web or app concepts. Onboard users with a smooth experience, even if they have never used crypto, tokens, keys, wallets, or other blockchain artifacts. Scale your application seamlessly - the underlying platform automatically expands capacity via sharding without additional costs or effort on your part.
๐Near: Bearish Rejection at Weekly Resistanceโ
๐Today's analysis focuses on Near, which experienced a rejection from the weekly resistance at $8.39 on the first day of the week. The rejection candle engulfs the previous three candles, indicating strong resistance. However, it's noteworthy that the volume of the rejection candle is lower than the preceding candle, suggesting significant resistance despite a surge in buying volume failing to breach the resistance barrier.
๐ชSince March 11th, Near has been consolidating within a range, with the weekly resistance at $8.39 and the support at the 38% Fibonacci level. Both levels exhibit considerable strength, but a preference for a downward correction is apparent from the price action, given the dominance of red candles, potentially stalling the upward momentum. Nonetheless, the weekly and daily trends remain bullish, capable of easily reversing the sentiment on the 4-hour timeframe if the resistance is breached. Therefore, vigilance is required to avoid missing out on potential gains.
๐For short positions, the 38% Fibonacci level serves as a trigger, but it carries significant risk, necessitating careful risk management. Quick profit-taking is advised if the level is breached, as it may signify the beginning of a market downturn, with sellers yet to fully assert their control.
๐For long positions, awaiting confirmation within the golden Fibonacci zone or entering after the $8.39 resistance is breached is recommended. Moreover, if the RSI can break above the 62.69 resistance and the price overcomes its weekly resistance, targeting $13 becomes plausible, potentially offering a risk-reward ratio of 10 with prudent stop-loss placement.
๐ง ๐ผIt'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.
NEARUSDT can ascend further!Hi.
BINANCE:NEARUSDT
๐Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please โ๏ธrespectfullyโ๏ธshare if you have a different opinion from me or other analysts).
NEAR is testing the s/r zone on weekly timeframe๐ค
โ
Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
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โ
Thank you, and for more ideas, hit โค๏ธLikeโค๏ธ and ๐Follow๐!
โ ๏ธThings can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NEAR/USD - Overshoot at the Light Blue Resistance ZoneIn my previous analysis, I explained that NEAR is in a key resistance zone with the highs around $7.20. NEAR had a strong overshoot with a long wick up to $9. There has been a lot of FOMO in the market driving prices way above their targets, and we are starting to see bears regain control at these high prices. I think NEAR needs a much steeper correction below $5, and I would monitor the price action in this resistance zone to see if the price can continue to hold above $5. If NEAR remains in the resistance zone it is likely to move sideways above $5 to avoid a drop.
NEAR USDT TO $12NEAR USDT TO $12
Long accumulation phase on daily timeframe that finally broke out.
A move like this could have potentially a lot of upside.
We saw the same with AVAX a few months ago, albeit on the weekly timeframe. And we played AVAX when it was under $10 to catch that megapump upwards of $40.
NEAR could go a lot higher, with $12 just being the first target.
Why $12?
The previous high on NEAR was sub $20. However, there was a lot less coins in circulation in 2022 when NEAR hit its previous highs. If we take the previous high market cap (12.5b) and use that with the current circulating supply, that takes us right at $12.
That's not to say that it can't go higher than $12, but just $12 should be the first target. Which can also see a possibly pullback. If we can get past $12 without any pullback, we could breeze through $15 and previous highs.
BINANCE:NEARUSDT BINANCE:NEARUSDT.P BYBIT:NEARUSDT.P BINANCE:NEARUSD COINBASE:NEARUSD KUCOIN:NEARUSDT MEXC:NEARUSDT.P OKX:NEARUSDT.P BYBIT:NEARUSDT BITGET:NEARUSDT.P BINANCE:NEARUSD.P KRAKEN:NEARUSD MEXC:NEARUSDT BINGX:NEARUSDT.PS COINBASE:NEARUSDT CRYPTO:NEARUSD
Near Sailing the Crypto Seas: A Strong Buy Signal Beckons!NEAR Coin: Short Fundamentals, Recent News, and Disclaimer
Fundamentals:
NEAR Protocol (NEAR): A Proof-of-Stake (PoS) blockchain platform focused on scalability, developer experience, and user adoption.
Launched: April 2020.
Market Cap: ~$4.5 billion (as of Feb 23, 2024).
Rank: ~#20 on CoinGecko.
Unique Features:
Sharding: Divides the network into smaller shards, processing transactions more efficiently and increasing scalability.
Human-readable smart contracts: Simplifies development for programmers.
User-friendly experience: Focuses on ease of use for both developers and users.
Recent News:
Feb 27, 2024: NEAR Foundation announces $100 million developer grant program to boost ecosystem growth.
Feb 21, 2024: NEAR integrates with Layer 2 scaling solution Aurora.
Feb 14, 2024: Circle announces USDC stablecoin launch on the NEAR blockchain.
Feb 7, 2024: NEAR releases roadmap outlining plans for further decentralization and scalability improvements.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice.
Cryptocurrency investments are highly volatile and carry significant risks.
Do your own research before making any investment decisions.
Additional Notes:
NEAR price has seen strong growth in recent months, reflecting growing interest in the platform.
The recent news highlights NEAR's focus on developer adoption and ecosystem development.
It's important to be aware of the risks involved in cryptocurrency investments before making any decisions.
I hope this information is helpful! Please let me know if you have any other questions.
NEAR/USDT Indicating Continue Upward Trajectory and Breakout!๐ NEAR has recently demonstrated significant market dynamics. Currently, it is encountering a major resistance area, where it was previously rejected.
๐ If NEAR manages to successfully break out above this resistance, it could signal a continuation of the upward movement, potentially reaching our target area.
๐ However, if NEAR fails to break out above the major resistance soon, there is a possibility of price rejection, leading to a gradual decline towards the support area around $4.6. This is particularly significant as NEAR has not yet retested this level after making a significant breakout previously.
๐ The support area holds crucial importance for NEAR, as a bounce from here would be necessary to attempt another breakout above the major resistance. If NEAR fails to hold the support and breaks down below it, this would be considered a bearish sign.
๐ In such a scenario, NEAR could continue its downward trajectory towards the Bullish OB area, or even lower if it fails to bounce from the Bullish OB.
NEAR Impending Correction!!It is prudent to exercise caution and abstain from initiating any trades until the asset transitions into the "POI" zone, which aligns with our downward targets.
Liquidity has been withdrawn from the range approximately between 6.17 and 6.20. We are nearing a significant "FVG" point, poised for trading opportunities.
Upon entering the favorable zone where decisive actions can be made (POI), we will transition to lower time frames ("LTF") to identify shorting setups, ensuring confirmation before execution.
3 possible scenarios for NEAR price movement in the coming monthDo you think that yesterday's "shaking out" of positions was at the same time a necessary correction to continue growth?
Or can and should the NEARUSDT price still correct to before continuing to $2.5 grow to $10?
Or maybe it's "game over"? NEAR price growth cycle over and a deep correction to the $1.5 area ahead?
Vote in the comments which scenario you prefer, or write your own version.
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#NEAR/USDT#NEAR
The price is moving in a descending triangle on the 12-hour frame
We have a commitment to the boundaries of that triangle
Now the triangle is about to break upward, as well as the Moving Average 100 breakout
We have buying momentum on the MACD indicator
Entry price 2.93
First goal 3.32
The second goal is 3.65
Third goal 4.10
NEARUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower (2.5 - 2 - 1.5)
Target: 3.5 - 4.5 - 5.2
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
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