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NEAR / TetherUS

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NEARUSDT trade ideas

NEARUSDT is loading?NEARUSDT is currently testing the 0.382 Fibonacci level after a clear bullish impulse from a rounded bottom pattern, as previously indicated. The market is now testing the 4-hour support inside a falling wedge formation, which is a bearish reversal pattern that is characterized by a tightening of the price range over time. The falling wedge pattern typically signifies a loss of bearish momentum and an upcoming trend reversal, but new liquidity is needed for the market to continue its bullish movement. If the market does not receive the necessary liquidity, a bearish impulse could ensue, driving the price down to the 0.5 Fibonacci level. However, the scenario is invalidated if the price loses the 1.8$ level, which serves as a key support. On the other hand, if the price creates a clear breakout above the falling wedge pattern, according to Plancton’s rules, traders may consider opening a new long position, as this could signal a continuation of the bullish trend. ––––– 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
23
NEARUSDT wants the breakout?NEARUSDT recently had a false breakout from the daily resistance level at 2.8$ area. This means that despite initially breaking above the resistance level, the price was unable to sustain its move higher and eventually fell back down. Now, the market needs to hold the ascending channel, which is a bullish trend line that is formed by connecting higher lows. This channel provides a level of support that traders can use to determine their entry and exit points. Additionally, the market needs to grab new liquidity in order to create a new bullish impulse and break out of the resistance level. According to Plancton's Academy, traders can consider opening a long position, which is a bullish trade that profits from an increase in the price of the underlying asset. However, it's important to keep in mind that this advice is not a guarantee of success and that traders should always conduct their own research and follow their own risk management strategies before making any trades. ––––– 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
13
The Singularity is Near +1000%I started buying at a price of 2 dollars. This morning was considering this project for long-term investment and decided to increase the share of my capital in this project. A few hours after the purchase, the news appeared that NEAR will develop in the direction of artificial intelligence. And this is a very important direction today. I would like to remind you that one of the founders before the creation of the NEAR blockchain worked for a long time in the field of artificial intelligence, so I am confident in the successful growth of this project in the long term.
Long
by HedonistTrade