Near/BTC POTTENTIAL PUSH 115% - 1078% !!!!!!!!!NEAR/BTC Analysis - Weekly Timeframe
NEAR/BTC has been trading within a demand zone that’s historically acted as a strong support level, and the price appears to be gearing up for a potential bounce. Here are the key targets and observations from the chart:
Key Targets and Potential Upside
Target 1: 0.00006575 BTC
This level represents an initial 115.82% gain from the current price. It’s the first significant resistance within the current channel and would likely serve as an initial profit-taking zone.
Target 2: 0.00019632 BTC
A further target with a potential gain of 334.91%. This level aligns with historical highs, where NEAR previously encountered selling pressure. If momentum continues, this could act as the next resistance.
Target 3: 0.00025003 BTC
A medium-to-long-term target with a potential increase of 433.38%. This level is in a previous high-demand area and could be reached if NEAR maintains its bullish structure.
Target 4: 0.00054233 BTC
A more aggressive target, suggesting a gain of 973.22%. Achieving this level would indicate a major breakout and likely a shift in NEAR’s overall market cycle.
Ultimate Target: 0.00060214 BTC
A high-end target, representing a 1078.85% gain from the current price. Reaching this level would imply a strong bull run and could align with a significant shift in market sentiment.
Disclaimer:
⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
NEARBTC trade ideas
NEAR Protocol Higher Low Confirmed; Ready To GrowHere is another one that is ready and this is part of the giants, NEAR Protocol. We already looked at the Tether (USDT) pair on the 12th of August, you can find it on the related ideas below this post. We are now going to be looking at the Bitcoin pairing now, NEARBTC.
The bottom for this pair was hit in October 2023 as part of the consolidation phase or as an extension of the bear-market. We can say the bear-market ended, for this pair and chart, around June 2023. These dates are not relevant for trading and different people can interpret the chart in different ways.
What's most important is to know is that after the late 2023 bottom we have a bullish wave, the initial bullish breakout or phase 1 of the 2025 bull-market. This wave is supported by high volume and in 2024 it remains within a very strong higher low.
By "strong higher low," I mean that the correction low price remain very far away from the market bottom. If the low is much closer it would be a weak higher low and if it gets too close we would call it a double-bottom. The further away support is found from the bottom, the stronger the pair. That is, referring to the inevitable correction that follows any bullish wave.
It is interesting to note that the first low in 2024 happened in March and in August we have a higher low. Other pairs produced completely different patterns by hitting lower and lower leading to present day. The higher low in August means that NEARBTC is strong relatively speaking.
The pair looks good and has potential for growth.
Looking at this chart, someone with a big portfolio/capital can use this pair to hold value. Something that is strong, good and has less volatility and still good growth potential.
Thank you for reading.
Namaste.
NEARBTC.1DIn this professional analysis of the NEAR/BTC daily chart on Binance, we explore the technical indicators and market structure to anticipate potential future movements in the NEAR against Bitcoin pairing.
Price Action and Support/Resistance Levels
The chart shows NEAR/BTC currently trading at 0.0008449 BTC, indicating a decrease of about 4.78%. Notable support (S2) and resistance (R2) levels are identified as 0.0005800 BTC and 0.0012935 BTC, respectively. These levels help highlight potential barriers or turnaround points in the price trajectory.
Technical Indicators
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and both are trending downward, which is evident from the negative histogram values. This setup typically indicates increasing bearish momentum, suggesting that the price may continue to decline unless a reversal signal is observed.
Market Structure
The chart illustrates a descending triangle pattern, characterized by a horizontal support line at around 0.0005800 BTC and a series of lower highs forming a descending trendline (R1). This pattern often signifies a continuation of the existing downtrend, particularly if the price breaches the support level.
Conclusion
Given the bearish signals from the MACD and the formation of a descending triangle pattern, the outlook for NEAR/BTC appears bearish in the near term. The key level to watch is the support at 0.0005800 BTC. A break below this level could intensify selling pressure, potentially leading to further declines. Conversely, a reversal from this support could lead to a retest of higher resistance levels. Traders should maintain vigilance for any signs of a trend reversal and adjust their positions accordingly, using appropriate risk management strategies such as stop-loss orders to protect against unforeseen market movements.
Chart Pattern Analysis Of Near/BTC
K1 is a bullish up engulfing pattern,
But it is not strong enough to start a new bull run.
K2 failed to close upon the previous high price.
It seems that K3 and K4 will test the potential support under low volume.
If that is a fact,
It will be a first potential good place to buy in.
If the following candles(Perhaps at K5 or K6) breaking up the downtrend line,
It will be a second good place to buy there.
NEAR/BTC bullish ride? 👀 🚀 Near today analysis 💎 Paradisers, turn your attention to #NEARBTC! We've spotted a compelling trend as it positions itself within a demand zone, suggesting a bullish path could be on the horizon.
💎 #Nearprotocol is navigating an ascending channel and has notably breached a key resistance at $0.00007898. Currently, as the price edges closer to a demand level, maintaining its momentum could significantly increase the chances of a bullish advance towards and beyond the supply zone.
💎 Should the momentum for AMEX:NEAR begin to wane, we'll be looking to capitalize on a dynamic rebound from the crucial demand level at $0.00005848. Nonetheless, breaking below this pivotal point may hint at a shift towards a deeper bearish phase.
💎 Remember to employ strategic trading methods and implement proper stop-loss measures! Stay vigilant to market developments and await more insights
-NEAR WILL RISE-Near is currently trying to break resistance zone in NEARBTC parameter.
On it's on Near/USDT chart, Near is going to climb through 8 in a few days at most but it's not the thing that matters right now.
NEARBTC is strong and stronger than ever.
Too many new addresses creating during this period and altcoin season hasn't even started yet.
On chain data looks ultra bullish for me for a while.
I'll skip the technical detail you won't care, instead;
Short Term Targets For Near:
7.4-7.8-8.2-8.8
Long Term Targets For Near:
9.1-11.2-16.2-22
Use Spot option to buy if you're going to hold until the season ends.
Good Luck To Us All.
✳️ Near Protocol Rounded & Inverted Triangle Bottom (380%+)This is rich because both patterns that I've been explaining in a previous trade idea, are present here, which works awesome for learning.
The next Cryptocurrency project is named Near Protocol—one of the big ones—truly famous, popular and known.
➖ In 2021, NEARBTC produced the rounded bottom pattern before moving into a massive bull-market.
➖ In 2023, NEARBTC produced the inverted triangle bottom pattern instead... Notice how as soon as this pattern shows up, the bulls take control of the chart.
There was a retrace currently but this doesn't matter because the low has been established in October 2023; and we can expect to see long-term higher highs and higher lows... And up we go.
The targets can be found on the chart.
Easy to win.
Easy to trade.
Easy in every possible way.
Experience or no experience, big capital or small... The best strategy at this point to me would be called simply; Buy and hold.
Namaste.
$nearreclaim yellow line and off to the races
looking for $11.8 on the usdt pair
corn should form some sort of range soon then dominance plunging will kick off the face melt fiesta for alts
so careful with leverage keep your $$$ amount realistic cause once the music is over you dont wanna be hanging around the party..:)
will post usdt pair in a bit
NEAR ProtocolHello dear friend
near with btc pair now in the strong Support ... you can buy and hold it
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.
NEAR AnalysisOn 4h chart, it is clear that for now, NEAR could hold the MA50 support. It wasn't an expected drop but need to use that as opportunity. If you consider the amount of liquidated accounts, when these people will come back, NEAR will rise again. it is good that we are testing this MA50 support. BTC is also holding on a major support.
Adding calmly.
NEARBTCNEARBTC made a test breakout of the bearish channel at 0.00009660 , it now needs to confirm a candlestick above that Bearish Trend Line that is trapping it.
A token with spectacular fundamentals, it suffered a lot with the despeg and shutdown of the USN, its stablecoin, but I believe in its recovery when the markets return.
Keeping your position itself is worth the hold
✳️ NEAR Protocol VB, HL, hBD | Chart LanguageChart language.
The last 3D candle on the NEARBTC pair closed yesterday and we can appreciate a breakout in bull volume. The biggest volume bar since late November.
The RSI also hit its lowest point recently and when we look back to December 2020/January 2021 we can notice a "hidden" bullish divergence.
This happens when the RSI hit a lower low, long-term in this case, while the pair hit a higher low.
These are the three signals mentioned on the title:
1- Volume breakout (VB).
2- Long-term higher lows (HL).
3- Long-term hidden bullish divergence (hBD)...
Chart language.
The last candle with high volume closed above EMA10.
Telling us that the bulls are now playing NEAR Protocol and with the bulls playing we expect green.
One last little detail... NEARBTC corrected by 84.29% from its All-Time High.
There you have it... Another altcoins vs bitcoin pair that bottoms in the same range.
All this tells us that the upside has more probability next than red.
Easy 105% with additional potential long-term.
Thank you for reading.
If you enjoy the content feel sure to follow me and boost. 🚀👍
Namaste.
NEARBTC - will it Recover?It looks like that! It is moving out of the Point of Control based on Volume profile.
I would target the next POC at 0.382 of Fibo!
Entry : 0.00010130
Stop : 0.00009160 (previous low)
Target 1 : 0.00010815
Target 2 : 0.00011835
Total no. of Analysis : 22
Successful trades : 13
NPNL : 4
Stop Hit : 4
Lost : 0
In Progress : 1
NEARBTC 1DNEARBTC Might double bottom at 0.0001508 which is not likely, NEAR's sharp oversold shows a likely upward burst. Your target is below the cloud, which indicates a greater possibility of reaching your target in a short time.
Your biggest support: 0.00013042
Resistances before the target: 0.0001627 / 0.00017777
NEAR/BTC 4HNEAR/BTC 4H = It's in brutal buying pressure now that it has broken through the cloud from the bottom up. It should only now stop at that gravitational center of the greenish nebulosity, and eventually crashing into our target of 23803
NEAR is a smart contract capable blockchain that launched its mainnet in 2020. It features a unique scaling solution known as Nightshade and a powerful consensus engine called Doomslug.