Wanna Double Again? -NEAR PROTOCOL- I recently Shared NearBTC and gave you some short term targets for Near.
In a few week Near will climb through 16 to 20.
According to Elliot waves theory, Near has finished its own corrective move.
It's time for a bull run now.
Targets specified on the chart before this post.
Main target 16.
Good Luck To Us All.
NEARUSDT trade ideas
#NEAR/USDT ANALYSIS NEAR is moving in an ascending triangle on#NEAR/USDT ANALYSIS
NEAR is moving in an ascending triangle on the 1-hour timeframe. Currently, it is encountering horizontal resistance, where the MA 200 is also acting as a resistance. The MACD crossover indicates bullish momentum. We need to wait for a solid breakout or breakdown of the triangle to confirm its next direction.
Role of Bearish CandlesThe price of NEAR has managed to break through a significant resistance observed at the last peak of the downward trend, entering an upward trend phase.
By reaching a specific area marked in green, not only has this level been breached, but it seems that the price is stabilizing at this new level.
The existing bearish candles, which are considered a pullback, will likely pave the way for the formation of stronger bullish patterns. If this scenario materializes, it is expected that the price will rise again, reach the orange resistance box, and possibly break through it.
NEAR: More Price Decline is ExpectedNEAR: More Price Decline is Expected
Technical Analysis:
In the daily chart the price broke out from a key support area.
This was the first important confirmation for the bears to join the party.
We can see NEAR testing the broken support zone 5.98 - 6.30 which is turned in a key resistance zone.
The bearish volume should increase more once the price will be near the zone.
Strong support / Target zone is expected near 4.38 , 3.58 and 2.78
You may find more details in the chart!
Thank you and Good Luck!
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NEAR-USDT | 4H | TECHNICAL CHARTHello traders, BINANCE:NEARUSDT I have determined the formation target on the chart. I wish everyone success.
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NEAR/USDT Secures Position Post-Breakout, Eyes on $8.74NEAR/USDT pair has successfully confirmed its position after a breakout, now trading above key resistance. Immediate entry recommended, targeting a move towards $8.74, with a stop loss placed at $7.17. With the price consolidating above the breakout point, the potential for continued upward momentum is high. The risk/reward ratio stands firm at 3.05, suggesting a strong trade setup. Trade now to capitalize on the secure footing.
#NEAR/USDT
#NEAR
The price is moving in a descending channel on a 4-hour frame. The price is moving within it and adhering to its limits well, and it has just been breached to the top.
We have a major support area at Saad $6
We have a higher stability moving average of 100
We have an uptrend on the RSI that is about to bounce back
Entry price is 6.80
The first goal is 7.50
The second goal is 8.07
the third goal is 8.67