NEARUSDT
Nearusdt: Time for more DipHello traders!
The market is slipping down slowly but this fall is going to end soon but not for all the pairs if we look at the chart of Nearusdt we can see that it's about to break the support and as usual what I teach you is that market never moves in the direction of the breakout but it pushes back itself after the breakout. It happens because of sudden buyin/selling pressure. So expect some retracement which will start after the breakout of support and the real fall will start after the breakout of trendline where most traders are waiting to buy but we will go for the sell.
If we look at the 3rd breakout we can see a correction below the breakout. If this correction was connected with the support line then we should have seen another pump but because this was the third and the last breakout so it didn't connect purposely and started to fall.
If you want to learn this then I have posted an educational post with the title "Father of all strategies".
This is the last time I am warning the traders that don't follow traders who draw big lines after the breakout. They are just doing a dirty business of selling signals and paid courses which never works. LOL, because after the breakout market turns back and it is the natural behavior of the market.
There are a few more secret powerful methods that I will teach you soon.
Don't forget to hit the like button and follow to stay connected.
Near is on its way to ATH$near #near looking at 17.74 as next target. H4 close above diagonal trendline and daily close should be above golden pocket and potentially .786 which would support another leg up. 1.618 would be next stop if not rejected at 1.272.
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1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
NEAR highly likely continue its SurgingAccording to the Messari Report for 2021, Near protocol is one of the top Projects that drawing company investor pretty much.
as we see during last days Near start a parabolic movement with increasing in Volume.
It would not out of reach for Near to fill previous shooting candle that is clear on the chart.
The buy back zone give us a chance to get a ride on Near's horse.
Are we still NEAR the moon?NEAR has had a tremendous run recently making a new ATH and is now trading above all EMAs. On the daily timeframe, we can see that NEAR has been trading within this parallel ascending channel since July-Aug 2021 with a respectable recent attempt to break out of the channel.
In the short-term, it has failed to make a higher high and on shorter timeframes, it may begin to create a descending channel toward the 61.8 and 50 fibs. This may be a good entry zone to catch the next impulse provided the support holds. In the event that BTC takes a sharp fall, NEAR could drop to the 38.2 zone which could be a great entry point for a long-term hold, as overall, the trend is still bullish.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
Near is Stuck in a Bearish Trend! Might reach 5$!!Hello every one
NEAR is In a Bearish trend Right now, you might not Be able to see It in The First look, But if you Take a Closer Look, You can See NEAR was Not able to Break 12$ Resistance Multiple Times (3 Rejections!) if we Draw The Resistance Line and The Dynamic Support on The chart we can come To a Understanding That The Price is in a Broadening Wedge Pattern! This Means The Price can Range For a Lot of Time Before The Break out happens! So now The Price is near The Top of The Said Pattern. There is a (-HD) On MACD which Can be Considered as a Confirmation for The Expected Bearish Movement Up to the Bottom of The Broadening Wedge Pattern. The Expected Price for NEAR for now Is 5$.
Summery:
-NEAR Couldn't Break the 12$ Resistance Multiple Times!
-It is In a Broadening Wedge Pattern.
-(-HD) on MACD
-It can Reach 5$!
🔴This is only an idea and not a financial advise ( NFA )🔴
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NEARUSDT Analysis (potential ED/double 2)Hello friends.
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Everything on the chart.
nothing has changed since my last analysis, but there was an up squeeze and I took my + 70%, now I reopened a position with a clear stop loss
ED - gray option.
open pos: market and lower
target: 12 - 14 - 16
after first target reached move ur stop to breakeven
stop: ~6.2 (depending of ur risk). ALWAYS follow ur RM .
RR 1to4
risk is justified
Good luck everyone!
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