NEAR/USDT: Bullish Momentum Backed by MRI and Ecosystem GrowthBINANCE:NEARUSDT
NEAR/USDT is shaping up for an exciting 2024, with bullish signals and significant ecosystem developments fueling its momentum across all timeframes. This idea explores how the Momentum Reversal Indicator (MRI), combined with key technical indicators, positions NEAR for potential upside in the next 3 to 6 months.
Technical Analysis Overview
Daily Timeframe
MRI Setup : Green Setup 4 (bullish continuation).
TI Risk Line : 6.567, limiting downside risk.
Support: Strong support at 3.808.
Resistance : None active, offering room for growth.
Weekly Timeframe
MRI Setup: Green Setup 3, confirming medium-term bullish momentum.
TI Risk Line: 6.127 (well below the current price).
Support/Resistance: Weekly support at 1.046 with no active resistance.
Monthly Timeframe
MRI Setup: Green Setup 1, marking the start of a long-term bullish trend.
TI Risk Line: 0.628 (significantly below current price).
Resistance: Key resistance at 19.788, leaving a substantial upside.
Supporting Indicators
Moving Averages:
NEAR/USDT is trading above the 50-day and 200-day MAs, with a potential Golden Cross forming.
RSI:
Neutral to slightly bullish, allowing upward movement without overbought conditions.
Fibonacci Retracement:
The price is above the 38.2% retracement (5.610), confirming strong bullish support.
Trendlines:
Consistent respect for upward trendlines reinforces bullish sentiment.
Trade Setup
Action: Go Long.
Entry : Near 6.556 or on pullbacks to 6.500.
Stop Loss : Below 6.100, just under the Weekly TI Risk Line (6.127).
Take Profit :
Short-Term Target : 8.000.
Medium-Term Target: 10.000.
Bold Prediction for 6 Months
If NEAR Protocol’s AI and Nightshade 2.0 upgrades gain traction, and market conditions remain bullish, NEAR/USDT could achieve $15 to $20 in the next 6 months. Key drivers include:
Ecosystem adoption from AI integration.
Increased DeFi activity via Infinex partnerships.
Scalability improvements from Nightshade 2.0.
BINANCE:NEARUSDT presents a strong bullish opportunity with high-probability setups across all timeframes. While risks such as market volatility and project execution remain, the upside potential is significant.
What do you think? Are you bullish or bearish on NEAR? Let’s discuss below! 🚀
NEARUSDT trade ideas
Chainlink (LINK): Bullish Breakout from Falling ChannelChainlink (LINK) has just broken out of a significant falling channel, signaling a potential shift in market dynamics. This breakout could mark the beginning of a new bullish trend as the price moves above key resistance levels, indicating growing bullish momentum.
Key Observations:
Falling Channel Breakdown: After months of trading within the boundaries of a falling channel, Chainlink has decisively broken above the upper trendline, suggesting a shift in market sentiment from bearish to bullish. This breakout could open the door for further upward movement.
Bullish Reversal Confirmation: The breakout is confirmed with strong volume, indicating that the buying pressure is now increasing. A retest of the broken channel resistance, now turned support, would add further confidence to the bullish setup.
Target Levels: The first major resistance level to watch is around the recent highs. If Chainlink manages to clear this level, the next target could be the next significant resistance zone, further north.
Entry Opportunities: After the breakout, consider entering long positions on pullbacks to the former resistance level (now support) or any bullish confirmation signals such as a candle close above key levels. This would align with the continuation of the bullish trend.
Risk Management: As always, ensure you’re using proper risk management. A stop loss below the broken channel resistance (now support) or recent swing lows would help limit risk on a potential retracement.
Thankyou,
#NEAR fresh bids i had previously posted this idea on #NEAR
had some bids filled but they are not full size, didn't look at it when it was at 3.5 😮💨 that would have been the best entry.
gonna try one here now & see how it plays, price has already moved a lot & buying here is riskier. make sure to manage risk properly. i am just rotating profits from partial taken on other shitcoins 🫡
NEAR/USDT Reaching Into Highs Is A 4H Retrace The Opportunity?👀👉 NEAR has recently pulled back from a significant liquidity range and is now pushing back into the highs, leaving traders curious about the next move. I'm inclined to look for a buying opportunity, but this will depend on a retracement to equilibrium and a bullish structural break. 📊 Disclaimer: This content is for educational purposes only and should not be taken as financial advice. Always conduct your own research and trade responsibly.
NEAR/USDT BREAK-OUT CONFIRMNED- $20 in 2024Hey there!
Today we have NEAR/USDT in the radar. Current price at: $6.15
This pair came out of an initial deep bearish zone initiated on January 2022 and ending it's level 1 bearish season on February 2024, specifically the 24th. From this date on, price has been accumulating for 4 months straights until finally broke successfully it's $5 support on Nov 15th 2024 (Yes, a week ago). This type of tokens tend to move slower, but once we break a life-time resistance ($6), growth is inevitable.
The last time NEAR approached to the all time vital support ($6) it grew up a 40% in 4 days. Impressive huh? Even tough this pair wasn't ready to increase the price at that time it shows resilience, a very strong community and utility of this project in the crypto world.
We've also been seeing a lot of volume increase in the past week of more than 80%. This only means and happens when a possible break-out is about to happen.
This is my idea. Remember trading is risky and DYOR.
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We are going LONG in NEAR/USDT.
LEVERAGE x4 - x8.
OR SPOT.
Entry price: $5.8 - $6.1
TIGHT STOP-LOSS: $5.3
TARGETS:
TG1 --------> $8.44 ( IT COULD BE $10.1 DEPENDING ON THE VOLUME OF THE BREAKOUT)
TG2 --------> $12.62
TG3 --------> $19.31
Thank you for reading! :)
NEAR - Flag pattern - Next Target is 27$#NEAR #Analysis
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Description
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+ Near has formed a nice flag pattern and price is waiting for breakout from the flag
+ Next target for near is 27 as per flag pattern, this could happen in the peak of bull run
+ next push could break the resistance and you can enter a position at the current price.
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VectorAlgo Trade Details
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Entry Price: 5.2
Stop Loss: 3.499
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Target 1: 6.290
Target 2: 8.069
Target 3: 13.503
Target 4: 17.690
Target 5: 28.022
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
reacting nearusdt to monthly support as I always see charts simply , according to monthly support that I have draw , price has reacted to monthly support (3.596) and stared to rise level after level . last night broke 5.523 level ( mid time ) level , we can expect price 6.287 and next 7.788 .
by closing to the resistances we can check again . cause i trade by break but some trade by reacting .
Good luck
Rexa
NEAR Long - Liquidity Sweep, Support, Trapping ShortsAs you can see in the graph we have:
1. Shorts from breakout traders
2. SL' of Longs
3. Channel traders could go long at the bottom of the channel
4. Old support H4 could be a support now, but recently the price didn't really respected it as S&R , but was a range area.
The Pump is NEAR
NEAR looks very promising in the latest moves.
-It's back in the range.
-BTC looking pretty bullish. A risk worth taking. We are in the most volatile times in the crypto market right now. Quick stops should be expected, as should big gains. Those who cannot manage their risks well will be out of the game. Make sure you don't spend too many bullets for one trade and keep your capital for the next trades.
Crypto is one of the riskiest markets in the world and requires you to manage your risk well.
Starting point for jumping to around 11.336
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(NEARUSDT 1W chart)
It is showing an upward trend by breaking through the M-Signal indicator on the 1W and 1M charts.
Accordingly, it is highly likely that an upward trend will begin.
However, since the BW(100) or HA-High indicator is formed around 7.001-7.246, it is expected that a full-scale upward trend will begin only when it rises above this range.
The target range is around 11.336.
I think that the range below 3.868 is a mid- to long-term investment area, and it is a price that may rise at any time.
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(1D chart)
To maintain an upward trend,
1st: 5.397
2nd: 4.639
It must be supported and rise near the 1st and 2nd above.
If not, it must fall, so be careful as it may fall to around 3.868.
Since it has risen above a significant section, unless there are special issues (e.g., BTC does not show a sharp decline), it is expected to continue the upward trend after confirming support.
-
Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been rising along a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(LOG chart)
As you can see from the LOG chart, the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Near long trading botNear broke resistance which is arround USD 5.70
Now trading at usd 6.29.
I have one trading bot running between 2.516 and 7.548 (50grids) for 150 days and finally in profit of 33%, after entering at 4.75
Nice support lies at 3,47
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WHAT IS NEAR Protocol?
NEAR Protocol is a layer-one blockchain that was
designed as a community-run cloud computing
platform and that eliminates some of the
limitations that have been bogging competing
blockchains, such as low transaction speeds, low
throughput and poor interoperability. This provides
the ideal environment for DApps and creates a
developer and user-friendly platform.
======================================
Near protocol: rank 26. Circulating supply 90%.
All time high 16-1-2022 USD 20.40
If near will touch ATH again, with the current supply that would mean that the marketcap is almost double than on 16-1-2022. (correct me if I am wrong) That would be huge,
and maybe not possible.
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I want to change the parameters of the bot.
A.I. sugestion is: 3,50 - 6,74 (35 grids)
for a grid profit 1.38% - 2.63%
If I change at current price the bot wil buy +/- 25% of the total investment at market price.
So what I will do: I set an alarm at usd 5.71 to see if that turns in to support. And upon breaking 5.85 I will change the parameters. For a 7% lower entry price.
At that point I will check if the A.I. sugested parameters are still the same. And I may use my own settings which are between 4.35 and 7.55 usd (35 grids)
Cheers
NEAR ANALYSIS (update)🔮 #NEAR Analysis - Update 🚀🚀
💲 As we said earlier #NEAR performed the same & 79% Profit booked so far. Now we can see that there is a breakout of the pattern in #NEAR. But there is an instant resistance zone. After breakout above the resistance zone, we would see a new higher price in #NEAR
💸Current Price -- $5.956
📈Target Price -- $7.897
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#NEAR #Cryptocurrency #Breakout #DYOR
NEARUSDT Explosion Incoming!!!MEXC:NEARUSDT.P recently broke out of a almost year long trend in the recent ALT coin pumps. Now NEAR is ready to really show whats going to happen!
It consolidated nicely this week which allowed everything to cool down and reset. It just broke out of this weeks consolidation and it continuing on up.
Trade Active
Entry: $5.5
TP1: $6.35 -> to break even
TP2: $7.2 Close
SL: $5.4
Goodluck & happy trading :)
$NEAR Ready to Breakout: $10 and Beyond in Sight!CRYPTOCAP:NEAR looks primed for a breakout—monthly and weekly trends are firmly in place. It just needs one more push, and we could see it surge towards $10 and beyond.
I’m slowly adding to this position now and plan to accumulate more as it approaches $5. My initial entries were around $3.80, but after patiently waiting, it seems like the breakout I’ve been anticipating is finally on the horizon.
Let’s see if it holds the momentum and delivers the move we've been expecting!
$NEAR OUTLOOK AI project NEAR looks to breakout of an important mini range that has been holding it down since mid June.
This important S/R level @ ~$5.50 is key for the LTF with a bearish OB, a move above would mean a new higher high after a higher low therefor confirming a daily bullish structure continuation. The chart shows the next bearish OB expected resistance levels @ $6.30 and $7.40.
In the HTF this S/R level at 0.25 reclaim would mean a move to the charts midpoint @ $10.50 as the next target. NEAR is currently above the daily support and the macro bias is definitely now bullish.
For me both TA and FA look good to go and with NASDAQ:NVDA have their earnings for Q3 on the 20th November, AI projects will be in the spotlight in the next few weeks.
NEAR/USDt: Triangle is Playing Out Another pattern was spotted in the making for NEAR/USDt.
This time on the short time frame of 1 hour.
And again the timing is good as all stages were passed successfully.
1) price consolidated within a Triangle
2) clear breakout to the upside
3) healthy pullback to retest the broken resistance of Triangle
4) trend is resuming to the upside
Target is located at the width of Triangle added to breakout point, at $6.20
NEAR broke out of first downward trendline, re-tested and up!Looking for 3.5:1 here on a long position. $6.84 first take profit, then let rest ride until up trend is broken.
NEAR has been a strong mover all this year and when it moves, it moves quick.
Down trendline has been broken, re-tested and now back on upward trend.
A NEAR Perfect EntryI'm back with another bull market outlook, this time focusing on NEAR Protocol. This setup follows a straightforward structure, closely aligning with recent patterns we’ve observed in Bitcoin and XRP. NEAR has been in a descending channel for the past eight months, and it now presents an ideal opportunity to enter into LONG positions, targeting a breakout from this channel.
Currently, NEAR is testing the upper range of support within the channel, an area where we’ve seen previous reversals in similar assets like XRP and BTC. Typically, after testing this level, prices are primed for a substantial upward movement. The current entry point offers a high-probability setup with a tight stop-loss potential, ensuring an attractive risk-to-reward ratio.
Capitalizing on these bull market rallies is key, and NEAR is no exception. Take advantage of the setup, and as always, trade wisely. Good luck!