NEARUSDT trade ideas
NEAR/USDT is on the Verge for a Bullish Rally | Near Analysis💎 NEARUSDT is on the cusp of breaking free from its descending channel, signaling a potential bullish ascent.
💎 Alongside this potential breakout, there's an imminent crossover with the 50 EMA. Should the price remain above this EMA, it could pave the way for a rewarding trade.
💎 NEAR is approaching a pullback zone for a retest. If this support falters, the downward trend might persist.
💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
NEARUSDTHello Traders,
The current condition of the NEARUSDT pair at its 4-hour support
you can long position.
but has not bounced back or retested the area.
there is potential to make a falling wedge but a lot of noise for this pair
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NEAR S&R>>>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
As we can see,
NEAR is in important area's for market decition for support or sell's. and we can wait for price reaction to take a position at next.
All important area's in short-mid term marked on the chart.
It's Not a financial advise.
PLZ DYOR
With hopping success
Embrace the PossibilitiesDuring the past month, NEAR has shown a range-bound trend, with its current price trading around $1.39. Notably, the roof of the main descending channel has now turned into a temporary support after being breached. Additionally, the price has encountered resistance around $1.35, preventing it from declining on two occasions. There is a possibility of a twin bottom pattern forming within this range, but confirmation would require the price to rebound above $1.40.
There is potential for a retest of the range channel's upper boundary. The currency's critical support level lies in the range of $1.23 to $1.19, and if the price returns to this range, we can anticipate a positive reaction.
The RSI level for NEAR is at 48, indicating a relatively balanced state between buyers and sellers, with the price neither strongly overbought nor oversold.
NEARUSD technical analysisHello,
In this post we'll be analyzing NEARUSD on the 4 hours timeframe.
NEARUSD have been playing in this symmetrical for the last 60 days in the 4 hours time frame. The symmetrical triangle is known for being a trend continuing chart pattern.
For the potential scenarios here we have two:
On the first hand if we break upwards and we confirm it the target price is very high and that will be a big trade.
On the second hand if we break downwards that'll be very bearish.
In conclusion remember we can't trade inside a chart pattern we have to wait for a breakout. As of my personal opinion I'm not expecting a breakout before 15-20 days. And I think the first scenario is more likely.
Your feedback matters! Leave a comment below with your thoughts or questions. Let's keep the discussion going and learn from each other. Happy trading! 🚀😊