NEARUSDT trade ideas
Near/USDT Reversal ContinueNear Protocol looks to be bottomed out and now reversing from low of 4 in the first week of July now its at 5.43. Its going to be a swing trade and may go up to recent high of 9$ that was in March this year. But huge potential considering BTC is also reversing so are all crypto currencies.
NEARUSDT TREND REVERSALNear Protocol looks to be bottomed out and now reversing from low of 4 in the first week of July now its at 5.43. Its going to be a swing trade and may go up to recent high of 9$ that was in March this year. But huge potential considering BTC is also reversing so are all crypto currencies.
Unlocking Hidden Potential: NEAR Technical AnalysisNEAR Technical Analysis
The price has been following a descending trend line(Red) and recently found a major support zone(Yellow) at $4.18 โ $4.295. The dotted line at 4.441 is also acting as a good support. After touching this support, the price has bounced back and is currently testing the trend line.
The key resistance zone(Green) is identified around the $5.586 โ $5.743, which has acted as a strong resistance zone in the past. The price has struggled to break above this zone multiple times, suggesting it is a significant level to watch.
Potential scenarios
Bullish Scenario
If the price breaks above the descending trend line it could move towards the resistance zone in Green at $5.586 โ $5.743.This green zone is major resistance to moving the price upwards. After a breakout from this zone, the price could move toward the next resistance zone in Blue at $6.675 โ $6.897.A breakout above this level could indicate a reversal of the downtrend and a possible continuation to higher levels.
Consolidation Scenario
If the price gets rejected at the descending trend line or the resistance zone in Green, it might consolidate between $4.441 and the Green zone. This consolidation phase could last until the market decides on the next significant move. Price could also take support at the Yellow zone and from there it will bounce back according to our analysis.
Bearish Scenario
If the price fails to sustain above the current support level of $4.441, it could lead to a further decline towards the yellow zone at $4.148 โ $4.295. If this Yellow zone fails to hold the price then, this would indicate a continuation of the bearish trend.
Volume is also a critical factor to monitor. Increased volume on a breakout above the resistance levels could confirm the bullish scenario, while low volume might indicate a lack of conviction among traders.
NEAR/USDT is at a critical juncture, with key resistance and support levels that will likely dictate the next major move. Traders should watch these levels closely and consider volume trends to gauge market sentiment.
NEARNEAR breakout symmetric triangle up side and moved up. Mitigated this orderblock (2) and moved down. Order block (3) is next resistance zone. If this zone was fail, NEAR moving up.
NEAR ANALYSIS๐ฎ #NEAR Analysisย ๐๐
In 12hr timeframe, falling wedge pattern is forming โ
Right now, #NEAR is around its descending trendline zone ๐ ๐ if #NEAR breaks the pattern then we will be target for 50% in few weeks but before that there may be a small dump of 5-10% ๐ธ ๐ฏ๐
๐ธCurrent Price -- $4.836
๐Target Priceย ย --ย $7.546
ย โ๏ธ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ๐๐ธ
#NEAR #Cryptocurrency #DYOR
Near correction is completed well, Next targets 11$-20$I think the correction w.4 is completed, and the next bullish w.5 is going to be an extended wave due to the previous correction.
Main target, 11$-20$ previous resistance
NEAR1h time frame
Near is framing symetric triangle.
Recently broke out .
Good opportunity to long with stopp loss
#nfa #dyor
Sl๐จ is very important part of trading.
Thank you.
NEAR NEAR still bearish. But created symmetric Triangle pattern. If NEAR breakout up side, next orderblock (2) is resistance zone. Or breakout down side, Next orderblock (1) is support zone.
NEARUSDTNEARUSDT is at strong daily support level.
50% fib retracement putting strong confluence for buying.
Where is the right price to buy $NEAR?Considering the correction process that we have in mind for altcoins, we expect that AMEX:NEAR can reach the price range of 2$ or slightly below it again.
It seems that the price of 2$ can be a good place to buy, although there is a possibility that if there is a fear in the market that causes the prices to fall, the price will go lower due to excitement and fear selling. but 2$ seems a reasonable price.
I hope to have enough cash for when the price hits $2$.
NEAR is approaching an important resistanceHey Traders, in today's trading session we are monitoring NEARUSDT for a selling opportunity around 5.600 zone, NEARUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5.600 support and resistance area.
Trade safe, Joe.
#NEAR/USDT Price hits critical support zone at $4.40 and bounci#NEAR/USDT
Price hits critical support zone at $4.40 and bouncing๐ง
Now token may rise to $8.00, watch for trend confirmation๐
#NEARUSDT Chart UpdateNEAR has reached the support range between $4.08 and $4.75. This level holds important support for NEAR, and a breakdown below this blue SMA will likely drop the price to $3.2 or, in the worst case, $2.5.
On the positive side, NEAR must stay above the support level to rebound and make a bullish rally.
DYOR. NFA.
Like, share, and follow for more.
#NEAR
Bullish on NEAR/USDT๐๐๐น๐น๐ถ๐๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ ๐
If the price breaks above the 200 EMA at $5.329 and clears the immediate resistance levels, we could see a move towards the $6.00 and $7.00 levels. Sustained buying pressure and positive market sentiment could push the price towards the upper Fibonacci levels.
๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ ๐
If the price fails to break above the 200 EMA and descends below the support at $4.428, it could test lower support levels around $3.50 and $3.00. Continued bearish sentiment and negative news could drive the price lower.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป ๐
BINANCE:NEARUSDT
While the #NEAR USDT chart shows mixed signals, the bullish divergence and recent "Buy" signal provide a positive outlook. A confi SEED_ALEXDRAYM_SHORTINTEREST2:RMED breakout above the 200 EMA and the descending trendline would solidify the bullish case, targeting higher resistance levels.
Near/Usdt 1Hwait for break and open position
60% break down Because price on the down trend
40% break Up
Update on daily trading plan BTC SOL TON NEARPlease view my Updated on daily trading plan for BTC SOL TON and NEAR
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile.
Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation.
This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
