AB=CD LOOKING ON THE WAY!!AB=CD downtrend going on the way to target of 1.272-1.618. Should wait touch to price 2.434$ for sure to uptrend. If will touch to 2.434$ buy and keep till infinity. It is not FINANCIAL advice.
NEARUST trade ideas
NEAR testing ALPHA indicatorHi friends, I'm testing a slightly modified script on my indicator, we'll see what it brings or if it will require more data to trade, I'll leave SL to you or the pyramid, it's definitely got somewhere to go, it's about how the market will be. So far everything looks according to my summer scenario. However, I enjoy trying Long positions in this difficult period.
NEAR is still fallingHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the NEAR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Looking to get longlooking for longs on this market structure break, have already put in an H12 swing failure pattern and we have a possible H12 Breaker above us. would look for reclaim of Monday range and then target mid and high
NEARUSD ❕ descending trendIndicators are still bearish.
NEAR is moving in the lower half of the consolidation zone.
I believe the asset will continue to decline.
NEAR is retesting support, forming IHSNEAR is back at Entry levels.
After loading up 1.7$ 1.5$ and my biggest bag at 1.25$ levels took some profits on the last pump to 2.7$. Sold a little early tbh due to the Bearmarket Blues still influencing my emotions.
Now reloading my bags for the longterm at these levels again.
As i said in the previous post i like the fundamentals on NEAR. You can check the link post to read on the reasons for that.
It is true, it took a beating but that is mainly due to Alameda being one of their biggest backers in the last bull, and we all know how that went.
As for entry, a nice Inverted H&S is forming and i aimed to buy the Right shoulder to maximize my entry. IHS is on the 4H timeframe so not a very strong indication as of now eventhough i really like the 4H TF.
The same pattern is visible on the daily but its not as obvious.
Regardless of the IHS this area is where NEAR landed first after the initial Bearmarket crash, so it is a strong demand level and it looks like it is retesting it now.
Load em up, the Bull is NEAR!!!
#LQR #TOBTC #Nearnear is on Down Channel at all , these impotant level is on the way around 0.618 fibo about 1.704 - 1.796
it need to break these level at first and than...
first imporant Daily Support is around 1.429
Scenarios and reasons for NEAR climbHello friends
The overall analysis is clearly shown in the chart
Well, during the weekly time, we were in the demand area and we even saw a change in the price structure
The second confirmation was a slow correction and it shows that we will have an upswing in the future
Trade only if the pain level is broken by specifying the loss limit and the profit limit
NEAR Protocol third bullish weekly trend touchNEARUSDT
Near Protocol
in third bullish weekly trend line touch
good support for first entry
Entry at 1.6 - 0.6
TP 2.4 - 3.2 - 5.2
manage risk
not financial advice
NEARUSDT LONG ideaSince May 8, NEAR has formed a range within its support range. I expect it to break its range soon and go up to the price of 2.004
NEAR S&R In short term>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
Everything is cleared on the chart.
Chart .It'snot a buying signal.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>
Good to betI firmly believe Nearusdt has good long potential in the given area after price confirmation with absolute great R/R
Keep in mind :
First, let the price hit in the box
Then look for confirmation on 15m time frame ( mostly choch confirmation )
Then enter long position.
Do not run into the trade without confirmation
NEARUSD ❕ tests the supportNEAR continues to test the support level.
The asset has fixed above 50EMA on the 4H TF.
I believe that the price can continue to rise after it fixes above the support.
NEARUSDT LONG/SHORTNEARUSDT on a descending Channel at 4hrTF
Price Movement Expected
A long here could Land You Up till 2.10
Never a Financial Advice...
Do your Research
Thank You
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 🦐
NEARUSD ❕ return to the zoneRSI chart moves in the bullish zone (4H, 1H and 30m TFs)
NEAR has broken up 50EMA on the 4H Timeframe.
The asset has returned to the consolidation zone, but after fixing above it will continue to grow.
Near exactly followed my pathNear order block entry was shared on 15m time frame which exactly got filled and also profit for shorters. Now it has pumped almost more tham 1.2% and more ways to go from here main target is 1.80++.
best of luck. check bio
nearusdt h1After the spike, the price on the chart entered the three collision pattern
Three collisions are accompanied by divergence
So I drew my expectations from the price on the chart for you.
Near order blockNear is looking nice from couple of days and now creating nice structure on 15m time frame and also a order block zone which could be best entry for long if price reaches that zone.
NEARUSDTNEARUSDT is in wedge cage with strong bullish divergence while below 50EMA.
Will the 50EMA act like a magnet and catch the price to upside with a strong support from bullish divergence?
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.
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.
