Near retracingNear has printed a head and shoulders pattern on its path to establish support after a delightful Santa rally to ~ $4.62. If the $2.51 level holds we are going to have another leg up to $4.60 +. Fib extensions into resistance could be $4.80, $5.09, or even $7+. It may bounce up from one of these lower fib retracement levels and not go very deep. It may turn around well before $2.51.
NEARUSDT trade ideas
is this a head and shoulder in NEARUSDTIn summary, the chart suggests a bearish outlook in the short term, as indicated by the breakdown of the price below a support level within a bearish price channel. The expectation, as depicted by the chart's annotations, is for a near terms decline in the price of NEAR/USDT
NEAR/USDT looks Ready for a Bullish Breakout?👀 🚀Nearprotocol💎 Paradisers, let's turn our analytical lens towards #NEARUSDT as it's shaping up for a potentially significant market move. We're observing it on the cusp of a pivotal breakthrough in a crucial supply zone, indicating a potential upward journey on successful navigation.
💎 Let’s zoom in on #NEARPROTOCOL recent moves. It's been playing cat-and-mouse with a descending channel for about a month, finally breaking free with some impressive green candle action. It’s like NEAR gearing up to smash through the daily supply zone. And if it nails this breakout? We’re eyeing supply levels at $2.863 and $3.719 – talk about reaching new heights!
💎 But hold on, savvy NEAR traders, this isn’t a one-way street. Cryptocurrency markets are full of twists and turns. If it breakout turns out to be a cliffhanger and doesn’t go as planned, be on the lookout for a bullish bounce back from the support line at $1.647. Think of it as your trading safety net.
💎 And here’s the real kicker: if NEAR takes a dive below this support level, it's a signal to switch gears. It might mean rethinking our bullish script and adapting to whatever plot twist the market throws our way. 🌴🍿💰
Aim for $5 resistance.NEAR has successfully breached the significant $4 resistance level. A candlestick closure above this level, followed by price consolidation, strongly indicates a potential rally towards the $5 resistance.
However, bearish or corrective patterns emerging at these resistance zones could lead to a temporary pullback in price.
This analysis is for informational purposes only and should not be considered as financial advice.
NEAR PLAN FOR TAKE HALF PROFIT On November 5, I wrote about near that I am bullish. I waited for the correction and announced on November 10 that it was in the zone. The plan for the exit part of the profit is marked. If the set up is shown after the correction, I would enter again, but I will definitely post it.
I've highlighted the analysis below which you can click to see
Congratulations to everyone who took a profit
NEARUSDT, Breakout from a Micro-double bottom.NEARUSDT / 1W
Hello Traders, welcome back to another market breakdown.
NEARUSDT is one of the charts I'm waiting for to pul-back as well. The price has broken from the range that looks like a Micro-double bottom.
Checkout the chart for where I would like to get a spot entry.
Trade safely,
Trader Leo.
NEARUSDT Potential: Predicting a 76% Rally🔅NEARUSDT recently broke above the wedge pattern, accompanied by breaching the long-term downtrend trendline. This move was followed by a significant transformation from supply to demand, evident in the market's response to these zones.
🔅The most recent pullback halted precisely at the 61.8% Fibonacci retracement level, highlighting substantial buying pressure at this critical level.
🔅The current indications heavily favor an uptrend continuation, setting the stage for an anticipated substantial 76% price increase in the coming weeks. As usual, we'll be sharing a comprehensive trade setup in our channel to capitalize on this potential opportunity.
NEAR/USDT Analyzing Bullish Potential from Resistance ?👀🚀💎 Paradisers, let's turn our attention to #NEARUSDT as it showcases a notable trend. The asset is exhibiting signals that suggest a bullish continuation, having recently transitioned from resistance to a potential support zone.
💎 #NEARPROTOCOL recently faced rejection at the $3.826 resistance level, with market sentiment leaning towards selling. However, there's a strong likelihood of a bullish trend continuation from the support level at $2.664. If AMEX:NEAR maintains its momentum above this support, it could set its sights on the substantial resistance level at $5.278.
💎 But, as any seasoned trader knows, having a backup plan is crucial. If #NEAR fails to sustain itself above the $2.664 support, it may be time to consider Plan B. This alternative scenario might involve a bullish recovery from the lower support level at $5.278. Keep in mind, a breach below this level could indicate a shift towards a more significant downward movement. 🌴💰