NEARUSDT trade ideas
NEAR Coin : Technical Rebound in short-medium term?NearCoin's main trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If our analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run to 3.00 area.
If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below.
thanks for your attention and please... trade with care! 💖
NEAR Protocol Price Analysis 4 Hour Chart STRUGGLING!! >?Hey guys NEAR PROTOCOL has recently broken out of its ascending trendline and is now testing the waters of some lower areas of support shown here.. Could it Hold this area of SUPPORt OR Will NEAR head to the DOWNSIDE??
What do you guys think?
BINANCE:NEARUSDT
✅TS ❕ NEARUSD: inverted hammer✅✅ NEAR dropped below the range.
The price confirmed the support area as a mirror resistance area.
I expect the price to continue to decline. ✅
🚀 SELL scenario: short to 1.962. 🚀
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Analysis on NEARUSDTBulls
1)HH and HL
2)Bullish Engulfing candle
3)Horizontal support at 2.207
4)ABCD Reversal pattern
5)Price breakout from the falling resistance level
Bears
1)falling resistance
Trade Plan 1:taking a long trade as price has broken from the resistance level
Trade Plan 2:
Will take a short trade if price breaks out from the Horizontal support level
NEARUSDT wants the breakout?NEARUSDT recently had a false breakout from the daily resistance level at 2.8$ area. This means that despite initially breaking above the resistance level, the price was unable to sustain its move higher and eventually fell back down.
Now, the market needs to hold the ascending channel, which is a bullish trend line that is formed by connecting higher lows. This channel provides a level of support that traders can use to determine their entry and exit points. Additionally, the market needs to grab new liquidity in order to create a new bullish impulse and break out of the resistance level.
According to Plancton's Academy, traders can consider opening a long position, which is a bullish trade that profits from an increase in the price of the underlying asset. However, it's important to keep in mind that this advice is not a guarantee of success and that traders should always conduct their own research and follow their own risk management strategies before making any trades.
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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 🦐