NEARUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Entry zone: 0.95 - 0.8
Targets: 1.5 - 2.2 - 2.8
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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NEARUSDT trade ideas
NEAR/USDT Keeping eye on this one here! Hey traders๐
NEAR is near to support zone which seems to be getting weak here with a support from BB indicator! We are suggesting to keep an eye on this one during the week!
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Brief AnalysisโโNEARBTC fell yesterday and returned to the price before the pump. Affected by SEC, many tokens have experienced decline. The energy of Grayscale's victory was exhausted. Today's brief analysis will continue to review tokens that have been analyzed in the past. We chose NEAR and AAVE today.
We conducted a brief analysis of NEAR in mid-July. At that time, we believed that NEAR would touch the given resistance level again. The next day, NEAR did so. The bears then strengthened. NEAR remains bearish on a large scale.
The dump in early-August pushed NEAR to the new lows. Although the trading volume during the decline was not large, the subsequent rebound was weak, and the long-term rebound did not even cover the last long red candle on Aug.17. This Tuesday, BTC led most Tokens to rise, but the increase of NEAR was small. Yesterday, the red candle not only covered Tuesday's green candle, but even produced losses. Bears strengthened again after a weak rebound.
Conclusion: The high probability decline has not ended. NEAR maintains bearishness on a large scale, and the bears may have launched a new round of attack. So we come to this conclusion. We set new resistance level at 1.30 and support level at 1.02.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
NEAR/USDT upward momentum? ๐๐NEAR Today AnalysisParadisers! Gear up for an exciting opportunity with NEARUSDT. Currently, it's stationed in a demand zone and is on the verge of breaking out of a descending channel๐
๐ A few days back, we noticed that NEAR faced rejection three times at the 1.630$ level, which is a supply zone containing a bearish order block. Another key observation is the formation of a descending channel that's poised for an upward breach.
๐ At the moment, the price is consolidating within a narrow range. We're anticipating a breakout from this descending channel, which could propel NEARProtocol upwards. However, keep an eye on the invalidation zone at the 1.08$ level; a breach here could trigger a downward move
๐In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
๐ฅ NEAR Big Upside Break Out Potential: Patience!NEAR has been consolidating inside this pattern for well over a year on this point. I'm anticipating big volume to appear once we will break out. Keep in mind that we will wait for the price to confirm the break out of the triangle. This signal will get invalidated once NEAR falls through the support.
Stop just below 1$, target at the August 2022 highs. This results in a trade with big upside potential and a very nice risk-reward of 15.61
NEARUSDT - trend change is not expectedHello everyone! According to NEARUSDT, the forecasts are, of course, disappointing. For more than a year, the coin has been falling down and there are no prerequisites for changing the trend. At the moment, the coin has carefully approached its large resistance level at 1.15. There is less and less volatility, so I expect further price momentum towards 0.65
SasanSeifi ๐โโ๏ธNEAR/USDT ๐3D ๐ป 1570$/ 1446$In the 3-day long-term time frame, the price fell from the downward trend line. It is now trading in the price range of $1.27.
A scenario we can consider is that after a minor positive swing and a pullback. If selling is confirmed, the price is rejected from the Important resistance area of $1.30/$1.50.
In case of a positive fluctuation, to better understand the continuation of the trend, we should see how the price will react to the resistance ranges.
Otherwise, if the price stabilizes above the resistance ranges, the possibility of higher growth can be considered.
The correction targets are 0.95 /0.64. In my opinion, if confirmed, it could be an attractive range to buy.
โ (DYOR)...โ ๏ธโ๏ธ
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