NEARUSDT trade ideas
Near is the next BITCOINIm creating this to mark my prediction. I predict that Near is the next bitcoin. They recently created the NRC-20 which is simlar to the BTC BRC-20 and shortly after their was a major spike in activity that caused a massive 173k in profit from fees. This will only increase.
Currently, near broke out of its very long down trend, and really started to spike when the golden cross showed up. I've been watching near, it falls when BTC does, but it recovers faster and when BTC moves up, near moves up more than BTC does. Best time to buy is at $2.25, next resistance is $2.69, then $3.33.
If you dont panic sell, ignore the dips when btc moves, you will thank youself.
Near After closing the First Profitable Trade. Here is Second**NEAR Protocol (NEAR) Fundamentals**
* **NEAR Protocol** is a high-performance, scalable, and developer-friendly blockchain platform designed to empower the creation of decentralized applications (DApps) and facilitate the widespread adoption of web3. It aims to address some of the limitations of existing blockchains, such as low scalability, high transaction fees, and complex development processes.
* **NEAR Protocol** utilizes a unique sharding architecture, which allows it to process transactions efficiently and handle a large number of users without compromising performance. The protocol also features a developer-friendly toolkit, including a high-level programming language called Rust and a suite of tools for building and deploying DApps.
* **NEAR Protocol** has a growing ecosystem of projects, including decentralized exchanges (DEXs), social media platforms, and gaming applications. The protocol has also attracted a strong community of developers and users.
**Recent News**
* **NEAR Protocol** has been gaining significant traction in recent months, with its price increasing by over 150% in the past year. The protocol has also been featured in a number of high-profile partnerships, including a collaboration with the NFT marketplace OpenSea.
* **NEAR Protocol** is actively working on developing new features, such as a decentralized storage solution and an oracle network. These features are expected to further enhance the scalability and utility of the protocol.
* **NEAR Protocol** is also expanding its reach into new markets, with plans to launch a mobile wallet and a developer academy. These initiatives are expected to help the protocol attract new users and developers.
**Disclaimer**
Please note that I am not a financial advisor and this information is not intended to be investment advice. Investing in cryptocurrency is a high-risk activity and you could lose money. Always do your own research before investing in any crypto asset.
NEAR/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Ascending channel + rsi overbought
🟠 EP 2.263
🔴 SL 2.445
🟢 TP1 2.065 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.896 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.717 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
NEAR/USDT approaching a local top?NEARUSDT analysis using the Unyx Data
Today we take a look at NEAR and its current state in the market:
- BRS: As usual let's get a feeling for the current temperature of NEARs price. We see that it is creeping up towards the over-heated zones 9 and 10 of the Rainbow Score, indicating that we should be ready to take some profits in the coming days.
- BSR: the Strength Reversion showed some sell signals in April (indicated by the red dots) as well as some buy signals in May (green dots). Currently the BSR hasn't triggered any sell signals, but as it is in an Overbuy state, this should happen any time soon.
- BUX: let's finally see what the BUX has to say. First let's take a look at the Oscillator (BUO). It clearly shows a change of trend as it is now moving more on the lower half of the oscillator, indicating that its indicators are mostly overbought. Taking a look at the screener (BUS) we see that in the Daily timeframe, all indicators expect the CCI are overbought. Looking at the smaller timeframes (1h and 4h), the overbought trend isn't much visible, but this will probably change over the day as the European and American markets wake up. On the weekly timeframe again, most of the indicators show an overbought state.
So clearly, NEAR isn't a buy right now, but if you have some in your bags it will soon be a good moment to take some profits. If you bought at the end of the summer, you should be in a profit of around 130%, depending on your average entry price.
Do you have some NEAR in your portfolio? If so, what is your next target price? Let us know!
Long-Term Price Analysis for NEAR Coin!#NEAR
The range we have been waiting for long-term spot buying for NEAR coin is between $1.415 and $1.32. When NEAR coin reaches the zone indicated as blue lines in the analysis, it will have completed a retest move to the trend support.
If NEAR coin initiates an upward movement from the $1.415 - $1.32 range, our target for the upward trend is the $2.20 region.
Our initial purchase for NEAR coin will be at the $1.415 level, and we are placing our second buy order at the $1.32 level.
NFA.
NEAR: UP or DOWN ?
Near had a significant price correction recently and currently it is trying to establish it support level
We can expect this price uncertainty to continue for a while as shown in the above chart.
With the current bullish market sentiment we can expect NEAR price to bounce back.
Im expecting price to move up once it settles in the support zone.
We will keep you posted about our trade entries. Stay tuned
Like and share your thoughts in the comments.
Cheers!
GreenCrypto
NEARUSDT Double-top daytradeDouble Top and descending RSI highs.
📉 Double Top Pattern:
A double top pattern is a bearish reversal pattern that signals a potential trend reversal. It forms after an uptrend and consists of two peaks at approximately the same price level. The pattern is completed when the price breaks below the intervening trough, indicating a shift from bullish to bearish sentiment.
📉🔼📉 Descending RSI Highs:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. When combined with a double top pattern, observing descending RSI highs adds an additional layer of confirmation. As the price creates the second peak in the double top, if the corresponding RSI highs are descending, it suggests weakening upward momentum and potential exhaustion of buying interest.
🔍📉 Interpreting the Combination:
The double top pattern indicates a struggle for the market to sustain higher prices, while descending RSI highs reinforce the notion of diminishing buying strength. This combination serves as a powerful signal for traders, suggesting a higher probability of a trend reversal to the downside.
📉💨 Potential Bearish Momentum:
When the price breaks below the neckline of the double top, and RSI confirms with lower highs, it may indicate a shift towards bearish momentum. Traders often use this confirmation to initiate short positions or adjust their existing positions in anticipation of a downtrend.
⚠️ Risk Management is Key:
While these patterns and indicators provide valuable insights, it's crucial to implement proper risk management. No strategy is foolproof, and unexpected market events can occur. Always use protective measures like stop-loss orders to mitigate potential losses.
NEARUSDT NEARUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 1.80 region.
Will the bulls take charge again continue for leg higher?
NEAR ANALYSIS (4H)It seems that the NEAR currency is in a diametric, and now we are in the F wave of this diametric.
After completing wave F on the green box, we can move up for wave G.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You