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NEAR / TetherUS

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NEARUSDT trade ideas

NEARUSDT is testing the descending channelNEARUSDT. The support level acts as a barrier preventing the price from declining further. On the 4-hour timeframe, the price of NEARUSDT is forming a descending channel. A descending channel is a technical chart pattern characterized by a series of lower highs and lower lows, forming parallel trendlines. This pattern suggests a bearish bias in the market, with sellers exerting control over the price movement. If the price of NEARUSDT experiences a breakout from the descending channel and subsequently retests the resistance level as new support, it would align with the principles of Plancton's Rules. Plancton's Rules is a trading strategy that emphasizes long positions when the price breaks above a resistance level and retests it as support, indicating a potential bullish trend continuation. Traders and investors will closely monitor the price action to determine whether the support level holds or if a breakout occurs. If a breakout happens and the price successfully retests the resistance-turned-support level, it may present an opportunity for new long positions according to Plancton's Rules. This would imply a potentially bullish outlook for NEARUSDT, suggesting a continuation of the upward trend. As always, it is important to conduct thorough analysis and consider other indicators or factors before making trading decisions. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
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.
Education
by LeafAlgo
6
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.
Long
by bslab
2
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! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, 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.
by SwallowPremium
8
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
by MarsSignals
2