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NEAR

NEAR-Stay in the channel for a while!!Hello everyone In the past week we had almost 28% fall of the price which brought the market a lot of liquidity and insured a healthy market. I think we may see lower prices for NEARUSDT which can be the continuation of bear channel in 4 hours time frame ,but if we look at it with positively we may get an IOI (inside, outside, inside) pattern or a pinbar (set of 3 bars)and have a reversal in the next couple of days. For now , we have support level of 12.5$( it's more likely to break)and 12$ and we have the resistance level of 13.55$.
by HubAlgo
📊SOL: wait for the squeese and BREAKOUT!📈#6 Solana (SOL) has long been in consolidation with other cryptocurrencies. The whales🐳 have been making traps for traders by taking out stops of long and short traders for more than a month🎣 In consolidation, a large number of traders accumulate long positions, but the big player, in order to collect liquidity, makes manipulations🎣 Firstly, they start selling to long traders🐂 who open positions on a breakout of the $99-104 value zone. After that the price decreases below this zone and mass sales of traders who want to close their positions + short traders🐻 on the breakdown begin to open their positions. After that, the price goes up again and liquidate short traders. In trading, it is important to wait and it is not necessary to trade absolutely all of the patterns🍵 I'll share a few scenarios with you! First scenario. Price will continue to consolidate in this $99-105 value zone until Bitcoin clearly shows a trend. What is a trend we talked about in this idea! Second scenario. I have marked a global trend line under which the price begins to consolidate. Local manipulation is possible, but you need to pay attention to volumes. See how they were rising when the whales🐳 were doing the manipulations? The same should happen again! 🎯Targets: 🔶$113-116 🔶$135-140 Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
NEAR/USDT : Consolidating into a RANGEBYBIT:NEARUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $NEAR has formed a wide range channel which has held the pair for 25 days. Now it has gained bullish momentum once again as it's broken above the range's mid! But so; As we all know, There'll be always fake-out or deviations... In terms of possible rejections, I just mentioned the two possible scenarios to trade with : - Be noticed that both of them need active management with tight SL and multiple targets! 📈 Bullish scenario: Currently the most possible scenario is to face more bullish continuation, In this way; If we get closings above the mentioned S/R line at $15.1, Then you can locate your Longs on a proper retest of the broken marked line. - Be advised that the SL should be located below the Range's mid with active management! 📉 Bearish scenario: $BTC has reached one of the main S/R lines at $40600, As it consolidates below the resistance; There'll be always a chance of quick rejection into yesterday's lows... In terms of rejection; If we get closings below the Range's mid at $14.7, Then you can locate your Shorts on a proper retest of the broken marked line. - Be advised that the SL should be located above the S/R line at $15.1 with active management! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
17
How has BTC dominance affected ALTs? 1 month after publication! A month ago the idea "BTC.D, dominance is going down! Is ALTSEASON coming soon?" was published. The price (%) began to fall after leaving the channel and testing it as resistance. What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency (BTC) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 42%. When Bitcoin dominance falls, 99% of altcoins start to grow. This is also called an altseason . The longest altseasons with 10-100x for ALT`s happen during the end of Bitcoin bull market (2017, 2021), but during temporary corrections like this small altseasons also happen. In one month, Bitcoin rose by 16% to $48,000. We see that 3/4 of altcoins have grown more than Bitcoin: 1. Cardano (ADA) +35% 2. Dogecoin (DOGE) +50% 3. Near Protocol (NEAR) +82% 4. Only BNB have grown as well as BTC +16%! That's why it's important to pay attention to Bitcoin's dominance (BTC.D). It can be an additional indicator to open a trade! Did you use our tip a month ago? Write in the comments, it's interesting to know. Friends, press the "like" button and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
6