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.P trade ideas
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.
Green area has to holdAfter a completed impulse there are several ways of looking at this correction.
-Double zig zag would be yellow count.
-Simple zig zag would be green trajectory.
Both ways, green area is a demand /support zone. Has to hold, otherwise i am not interested in longing this.
Waiting for a propper motive wave to bounce before longing. Crypto is scary now.
Hurry up and wait game.
NEAR/USDT looking bearish to us Hey guys 👋
Another one that caught our attention here is NEAR coin with a nice potential for reaching that lower support zone. From there one we will have two possible scenarios so let's see which one we will end up with!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
NEARUSDTIn the chart, you can see that we have seen a downward movement that has created a downward trend line.
The price was previously rejected by the 0.618 Fibonacci line and was rejected again by the 0.5 Fibonacci line and went down.
I expect the price to rise to $2.075 and go back down, and of course we have good support at $1.75.
NEAR Long ideaFrom my POV I see AMEX:NEAR going to 0.618-0.65 Fib lvl, it’s not a must but thats what I see and we might get a wick to 15 $ As well.
This is not a finance advice nor I am some sort of export, just sharing my thoughts and point of view.
#NEARUSDT #LQR #TOBTC #LaqiraProtocol● You could get up to 125% ✌️😉 profit from the April 5 analysis
• Support and resistance are specified in the chart
• Levels are obtained from the intersection of the fib and static levels
• You can open a position after confirmation
• This analysis is not an offer to buy or sell
NEARUSDTHow do you do Crypto lovers,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for NEARUSDT
There we have R3 and R2 on the top of the chart which are the resistance areas with the demonstration of disability of price to rise. R1 is a 4-hour resistance line. And at the bottom of this chart, S1 is our support area that shows the support of price at some points even since the past. We observe the price behavior in the past which was descending after having rejections at R2 and the price fell down to our support area. Then through a rising trend toward R3 again, the price could not rise at this triumphs and another decline happened down to S1 through three negative Marubozu Candles. Thus, the existence of morning star pattern is observable at the moment and we see the price fluctuation above S1 and below R1 line and our expectation would include two options. Either the price is supported well at the current point and start its rising trend over R1 and by having more fixation there even more rise to R2 and R3 is possible. Or we might not see some support for the price and by a falling trend toward S1, more decline happens then for it. W expect the price to move in a neutral behavior and not to have a decline by the time it is fluctuating over S1So wait for the proper moment to put your orders and act wisely via considering everything required. You should consider the market situation in the lower time frames and make sure what will happen exactly. We suggest you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you the best
NEARUSD ❕ bullish divergenceTrading volumes continue to decline on the correction.
Bullish divergence is still forming on 4H and 1H Timeframes.
I believe that the asset may continue to decline to test the range, but after fixing above the channel, the price will resume growth.
NEAR LONG AMEX:NEAR Ignore the Noise & Hold with Patience..!!
NEARLY FORMED POSITIVE CANDLE FOR 1H, THERE IS A 2% CHANCE, MY OPINION IS THAT IT WILL REACH THE RESISTANCE FOR THE DAY
