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NEAR / TetherUS

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NEARUSDT trade ideas

NEAR/USDT upward momentum? 👀🚀NEAR 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 channel👀 💎 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. 💎 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 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
🔥 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$, target at the August 2022 highs. This results in a trade with big upside potential and a very nice risk-reward of 15.61
Long
by FieryTrading
9
SasanSeifi 💁‍♂️NEAR/USDT 👉3D 🔻 1570$/ 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. ❎ (DYOR)...⚠️⚜️ I will be glad to know your idea 🙂✌️ If you like my analysis, please Like and comment.🙏✌️
Short
by SasanSeifi
NEAR/USDT is on the Verge for a Bullish Rally | Near Analysis💎 NEARUSDT is on the cusp of breaking free from its descending channel, signaling a potential bullish ascent. 💎 Alongside this potential breakout, there's an imminent crossover with the 50 EMA. Should the price remain above this EMA, it could pave the way for a rewarding trade. 💎 NEAR is approaching a pullback zone for a retest. If this support falters, the downward trend might persist. 💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
Long
by MyCryptoParadise_Nathan
Embrace the PossibilitiesDuring the past month, NEAR has shown a range-bound trend, with its current price trading around $1.39. Notably, the roof of the main descending channel has now turned into a temporary support after being breached. Additionally, the price has encountered resistance around $1.35, preventing it from declining on two occasions. There is a possibility of a twin bottom pattern forming within this range, but confirmation would require the price to rebound above $1.40. There is potential for a retest of the range channel's upper boundary. The currency's critical support level lies in the range of $1.23 to $1.19, and if the price returns to this range, we can anticipate a positive reaction. The RSI level for NEAR is at 48, indicating a relatively balanced state between buyers and sellers, with the price neither strongly overbought nor oversold.
by MonoCoinSignal
4