Near hit targetOne of my long-term solana competitor bets Near has hit yet another price target. The token has massive momentum here as it comes back to the prior trend and breaks both horizontal and diagonal resistance in the same candle.
-Next target 6.7$ (this token and rose are surprising me)
-I just might start hammering into this narrative soon if this continues
NEARUSD trade ideas
My TOP10 project list - pick number 5/10NEAR has an incredible adoption curve. It is one of the fastest growing L1 projects and at the moment is still extreemly undervalued.
Technically it has a similar position like Algorand.
It has recently broken out of a descending bullish wedge after having atempted a false break down.
I am very bullish on this project and expect medium term almost a 100x from its lows under 1$.
Near one of stronger chartsNEAR is one of the strongest looking charts on this recent Ethereum strength. Closing full bodied candles above the momentum trend is very bullish. There is a lot of resistance at current price levels but contraction into an ascending wedge. Volume is WAY up from the previous weeks. 4.22$ stands for me and 4.9$ if we go full bull for the market.
NEAR pushingNEAR pushing hard back to the momentum trend line after a lengthy washout. That candle is extremely bullish and a clear pivot point, note the stochastic reversal as well. I have bought small amounts of NEAR over the last two years and plan on holding this long-term staked, I am farming Aurora tokens with my staked Near for transparency. I would love to see multiple days above this teal line and then a test for 4.4 in the coming ten days to confirm a momentum run here.
Near a second testNEar tests the longer term trend line on a second candle body. Body tests > wick tests. I believe with this ETH and general market run Near will hit 3.7 soon and then I have longer-term price targets marked. OBV is climbing hugely, and we saw an expansion of volatility/stochastic.
Bull time.
Near is prioritizing technology over profitNEAR appears to be undergoing a corrective phase after experiencing a significant surge from $1 in October to $4.49 in late December 2023 – an impressive upward movement within just three months. A correction is not only expected but quite fitting. There's a possibility it may dip to $2.5 before making its way back up toward its previous all-time high (ATH), potentially resulting in an eightfold price increase.
Technologically, NEAR may not offer much possibilities for existing big tech companies, but its focus on supporting an open web with an aversion to aggressive monetization aligns with an admirable philosophy. NEAR emphasizes leveraging blockchain layers for innovative applications, prioritizing technology over profit. This idealistic approach challenges the conventional emphasis on monetary gains, suggesting a need for more companies with idealistic goals in technology development, as opposed to large multinational corporations.
NEAR | Converging VWAPS and Trendline | A Big Move Coming?BINANCE:NEARUSDT BINANCE:NEARUSD
Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>>
The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low.
This also coincides with the trend line which coincides with the psychological price of $3 so expect the bulls and bears to fight a bit around $3 with the bulls eventually winning.
Crypto is volitile and easily manipulated. Caveat emptor. Playing with colored lines on a chart is Not Financial Advice .
Near fights for supportNEAR after breaking out of the key monthly resistance has been riding the trend line down which is fine. I believe this is a false breakout and we need a lot more bullish posturing to push the price up here. I added a blue line of contraction and support, this could be one of the wedges I like to trade considering the candle bodies keep starting at the same price point. I added a rectangle to highlight the contraction of price. These types of setups like to explode upward from my experience, hopefully we can get off this trend line and hold > 3.75
Near short-term targetsNear has a few weeks of price action at each of the dashed lines. It already hit my first price target. If the token can stay above this monthly resistance (teal line) this will be very bullish indeed. I have always preferred Near over solana fundamentally, and this breakout offers way more upside. Bullish target is 4.2, more bullish 4.9, giga bullish 6.7$.
Near attempts to confirm breakoutNear might be having a fake out here with a weekly candle above the resistance, this candle has not yet closed and we could see it breakdown with this market correction. Time will tell, I believe Eth will pump hard in a few days/weeks so this might continue the upward trend.
NEAR Price Trend Shows Impressive Recovery, Eyes $5!Impressive Weekly Surge: NEAR showcases a 55% increase this week, indicating a robust bullish reversal.
Approaching Key Milestone: The NEAR price is testing the crucial $4 mark.
Potential for Further Gains: A successful breach of $4 could propel NEAR towards the $5 threshold.
Staggering Year-to-Date Growth: NEAR's year-to-date growth stands at an astonishing 185%.
Three-Month Rally: A 212% return over the last quarter highlights NEAR's strong market performance.
Rising Trading Volume: Increasing intraday volumes suggest growing investor interest in NEAR.
Technical Indicators Align: Both Bollinger Bands and RSI indicate a sustained and strong bullish trend.
Daily Chart Momentum: NEAR forms multiple bullish engulfing candles, though a short-term pullback is noted.
Market Recovery Impact: NEAR's price movement aligns with the broader market recovery, attracting more investors.
Near-Term Resistance: A current minor reversal places NEAR at $3.55, with immediate resistance at $3.86.
NEARUSD This rally is far from over. +1300% rise on sight.Near Protocol (NEARUSD) is posting the strongest 1W candle since the previous Bull Cycle and has turned the 1W MA50 (blue trend-line) into Support. The 1W RSI is already overbought approaching the 80.00 level but there is still much room for this rally to grow long-term.
Historically, NEAR has seen two major multi-month rallies within the +1300% +1350% range. Measuring from the October Low, a new +1300% rise would push the price all the way to the top of the dominant Channel Down pattern. As a result, this is still a solid (even better confirmed) level to enter for the long-term and target 12.000.
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Near momentumNear approaches long term monthly resistance from a very long time ago. The first fib which I drew on the weekly chart approaches. This token I have not covered on TV, it is a smaller holding I bought way back in the bear and it looks to finally be moving. I prefer NEAR tech wise over Solana but its much smaller and riskier. I think the token tests the teal line in the next ten days.
NEAR's 115% Rally Sparks Bullish Excitement, Eyes $3115% Rally in Recent Weeks: NEAR token showcases an impressive 115% rally, highlighting strong bullish momentum.
Exceeding 50-Week EMA: The price trend surpasses the 50-week EMA, indicating a new breakout rally.
12% Jump in Two Days: NEAR token makes a significant 12% jump in just two days.
Potential Breakout to $3: If NEAR surpasses the $2.28 mark, it could potentially reach $3.
Rising Demand and Trading Volume: A substantial increase in trading volume and demand for NEAR token has been noted.
Bullish Market Recovery: The overall market recovery, along with Bitcoin's performance, is positively impacting NEAR's price.
Rounding Reversal Pattern: A potential rounding reversal forming with a neckline at $2.71 is observed.
Fibonacci Retracement Levels: NEAR price surpasses the 78.60% Fibonacci level, aiming for $2.93 or the 61.80% level.
Strong Uptrend in Daily Chart: Multiple bullish candles in the daily chart reinforce the uptrend.
Technical Indicators - EMA and RSI: The golden crossover in EMAs and weekly RSI spiking towards the overbought zone support the bullish trend.
Expectation for 2024: NEAR price shows potential for a strong start to 2024, with a high momentum reversal rally.
Risk of Retest at $2.28: A reversal from higher levels might lead to a retest of the $2.28 breakout level.
Near Protocol Future GainsAwesome project in 2021 bullrun, but it has some issues the last 6 months. No clear direction of the project right now. NFT's are getting delisted from binance from competitor chains and Near was focused on NFT's mostly, without something innovative like other L1's.
I would buy a huge bag if it goes to 0.6$, or you risk entering now and DCA till 0.6$ and maybe below.
✴️ NEAR Protocol 6X Leverage (Experienced Traders/Adults Only)Leveraged trading is for experienced traders only or whomever wants to trade of course.
This is high risk and can result in liquidation and all money lost. If you don't know what you are doing, if you can't take a loss, please stay away; adults only.
With that said, let me show you the numbers of a simple trade.
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LONG NEARUSD
Leverage: 6X
Buy-in: $1.380 - $1.444
Targets:
1) $1.483
2) $1.583
3) $1.713
4) $1.933
5) $2.083
6) $2.333
7) $2.633
8) $3.303
Stop-loss: Close daily below $1.300
Potential profits: 780%
Capital allocation: 3%
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Thank you for your continued support.
I am wishing you profits and continued success.
Patience is mandatory, literally.
Thank you again, so you on the upside.
Namaste.