NEAR: The Bearish Wave Began - More Price Decline is expectedNEAR: Two Targets Reached - More Price Decline is Expected
From our previous analysis, the price reached our targets.
Today NEAR is showing that it can move down more as the bearish volume is increased again during the last couple of hours.
📺You may watch the video for further details📺
Thank you and Good Luck!
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NEARUST trade ideas
Chart Pattern Analysis Of Near
From K0 to K2,
It is a potential bearish evening star pattern,
And K3 is trying to break down the long-term uptrend line.
So, it is very likely that a Wave(C) of the week sale consolidation had started earlier from K0.
If K3 close below the uptrend line, or even close below K0,
It is likely that the following candles will drop to test 5.0 USDT area.
Although I still optimistic about the long-term bull market of Near,
It is still worth to be cautious about the potential price correction.
NEARUSDT.4HThe NEAR/USDT 4-hour chart shows a volatile market environment, with the price recently experiencing a significant drop and now attempting to stabilize. The current price action is hovering near the S1 support level at $5.73, which appears to be a crucial point for the market's short-term direction.
Looking at the MACD, there is a slight convergence with the signal line, which could indicate a potential reversal or stabilization in bearish momentum. However, the histogram remains negative, suggesting that the bearish sentiment is still present, albeit potentially weakening.
The Relative Strength Index (RSI) is near 30, which is typically considered an oversold territory. This could hint at a potential rebound if buyers start to see value at these levels, leading to increased buying pressure.
Given this technical setup, if the price maintains above the S1 support level, there could be an opportunity for a bounce back towards the R1 resistance level at $7.81. This movement would be critical to watch as a sustained break above R1 could signal a stronger recovery towards R2 at $8.53. Conversely, a break below S1 might lead to further declines, intensifying the bearish outlook. Traders should closely monitor the $5.73 level for signs of either consolidation or a breakdown, which would set the tone for the next significant price move.
NEAR BULLISH 80%Near Protocol seems to have found solid support within a favorable range. With this accumulation phase, the stage appears set for a significant bullish movement. Anticipating a substantial surge, I foresee the potential for a considerable uptick ranging between 80% to 115%, translating to an impressive valuation between $13.10 to $15.70 USD. However, as always, it's crucial to conduct your own research (DYOR) and make informed decisions. Keep a keen eye on the market dynamics and Near's performance for timely actions.
Chart Pattern Analysis Of Near.
K2 and K3 is a bullish engulfing pattern,
And the decreasing supply pressure verified a potential uptrend here.
If K4 close upon the neck line under increasing volume,
It will be a good place to buy it there.
But, it is not safe to buy it at K3 immediately,
The increasing volume of K3 means the supply pressure still at high level.
K1 to K3 is a strong bullish morning star under increasing volume.
It is a good signal that the short-term downtrend had been reversed here.
But it must be verified by the following candles.
The bullish momentum must keep strong and the demand should not decrease.
The neck line is a potential good place to buy it there if the following candles successfully test it.
NEAR can ascend further !Hi.
BINANCE:NEARUSDT
😊Today, I want to analyze NEAR for you in a WEEKLY time frame so that we can have a Mid-term view of NEAR regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
NEAR is testing the s/r zone on weekly timeframe🤔
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Chart Pattern Analysis Of Near.
K3 close below the line of the wedge under increasing volume,
A bearish wedge had been established.
It seems that a shot-term downtrend had started earlier.
It is a potential good place to short it here.
I don't think this short-term downtrend will go far or even reverse the month scale bull market.
It is just a potential Wave(C) of a month scale consolidation.
If the following candles stay upon the o.5fib line or even close upon K3,
It will likely reverse the short-term downtrend.
Short-7.8/Stop-7.9/Target-6.0
Trade Signal for NEARUSDT: BUYDirection: BUY
Enter Price: 7.246
Take Profit: 7.42933333
Stop Loss: 7.07233333
Justification for Prediction:
This trade signal is generated using the EASY Quantum Ai strategy, which takes into account a variety of market indicators and patterns to formulate its predictions.
1. Trend Analysis: The current market trend shows a strengthening bullish momentum. The moving averages on different time frames (e.g., 50 MA and 200 MA) are indicating a positive slope, suggesting a potential upward movement.
2. Support and Resistance Levels: The identified enter price of 7.246 lies near a significant support level, which has previously shown strong buying interest. This support is expected to provide a solid foundation for a price increase towards the take profit level.
3. Volume Analysis: Recent trading volumes have displayed an increase, often a precursor to a substantial move in the direction of the prevailing trend. Higher volume near the support level suggests accumulation by traders, hinting at a bullish outlook.
4. Technical Indicators: Key technical indicators such as the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are in bullish territory. The RSI is above 50, indicating prevailing buying strength, while the MACD has crossed above its signal line, reinforcing the buy signal.
5. Sentiment Analysis: Market sentiment, as gauged from various financial news platforms and traders' forums, shows a positive outlook on NEARUSDT, with many analysts predicting an upward trend in the short to medium term.
These factors together provide a high-probability trade setup in the NEARUSDT pair, with a suggested enter price of 7.246, take profit at 7.42933333, and a stop loss at 7.07233333 to manage risk effectively.
Trade wisely and monitor the market for any significant changes!
#NEAR/USDT Can this Altcoin hit $100?🚀 NEAR/USDT Trade Update🚀
NEAR is trading at an attractive price point.
It already broke out on 14th May and has been retesting for the last 2 weeks.
It is one of the few coins I will be holding with low leverage for the next few months.
- Entry: $7.462 add up to $6.15 if it gets there.
- Target: $30.201 to $100
- Stop Loss: $5.926
This altcoin can easily hit $100 by the end of this bull run! 🚀🌕
It is one of the strongest altcoins in AI and Big Data Narratives.
DYOR, NFA
Please hit the like button and share your views in the comment section.
#PEACE
$NEAR at a crossroad...The past few weeks anything AI related and more specifically AI coins are the biggest sleepers at the current state of the market.
NEAR often acts independently from the rest of the market and ain't 100% corelated to BTC but in this case it looks like it lost its momentum and a very significant support zone at ~ $7.60
Reclaim it and we run higher, much higher or else...
NEAR buy setupConsidering the bullish price structure in the big time frames, it seems that NEAR will go up again by meeting the specified demand.
From the previous SW H, it can be counted as the first target
Closing a daily candle above the invalidation level will violate this analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Near Protocol: Bullish Breakout or Bearish Signal? Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn
Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on the horizon.
Wedge Pattern and the Analyst's Call
In early May, NEAR formed a technical chart pattern known as a "wedge." This pattern is characterized by price fluctuations confined within a narrowing range, with trendlines converging towards a point. While breakouts from wedges can signal either bullish or bearish continuations, the specific characteristics of NEAR's breakout have a crypto analyst predicting a significant downturn.
The analyst argues that the way NEAR broke out of the wedge is a bearish indicator. They believe the price may experience a period of consolidation around its current level ($7.30 as of May 31, 2024) before an "impulsive" downward movement. This movement could initially see the price drop by 8% to $6.78, followed by further declines to $6.00 and a potential bottom around $4.60. If this scenario plays out, NEAR would experience a total decline of 37%.
Metrics Supporting the Downturn Theory
The analyst's prediction finds some support in recent developments surrounding NEAR's market metrics. After a strong start to 2024, NEAR has seen a decline in price over the past month. This price drop coincides with a notable decrease in daily trading volume, suggesting a potential weakening of investor interest.
While NEAR has outperformed many other altcoins, the overall bearish sentiment in the cryptocurrency market could also play a role in its future price movement. A broader market downturn could drag NEAR down even if its project fundamentals remain strong.
Understanding Wedge Patterns and Analyst Predictions
It's important to remember that technical analysis, including wedge patterns, is not an exact science. Past performance is not always indicative of future results. While the analyst's prediction offers a bearish perspective, it's just one voice in a crowded space.
Here are some additional factors to consider:
• Positive News and Developments: News about partnerships, project developments, or upcoming upgrades could trigger renewed investor interest and push the price upwards.
• Market Sentiment Shift: A broader shift in market sentiment towards optimism could buoy NEAR's price regardless of the technical indicators.
• Unforeseen Events: Unexpected events, both positive and negative, can significantly impact the cryptocurrency market.
Investor Takeaway: Research and Diversification
The potential for a 37% decline in NEAR price should be a wake-up call for investors. It underscores the inherent volatility of the cryptocurrency market. Investors should thoroughly research NEAR's project fundamentals, roadmap, and broader market outlook before making any investment decisions.
Diversification is also crucial. Spreading investments across various cryptocurrencies and asset classes can help mitigate risk.
Conclusion
Near Protocol's recent breakout from a wedge pattern has sparked debate among analysts. While some see a potential 37% crash on the horizon, others remain cautiously optimistic. Ultimately, the future price movement of NEAR will depend on a combination of technical factors, project developments, and broader market sentiment. Investors should carefully consider all available information before entering or exiting any NEAR positions.
Chart Pattern Analysis Of Near
K3 close upon K1 and verified a strong bullish hammer candle of K1,
It seems that the short-term downtrend had been reversed by K1.
If K4 close upon the resistance,
It will be a good place to buy it there.
The risk is the potential bearish wedge pattern,
If the following candle close below the lower limit of wedge,
The risk will surely increase.
NEAR topping out with a DISTRO pattern. NEAR had a great run but it is coming into W resistance with a D rising wedge !
DISTRO is my system of spotting Distribution. CUMULATE my system for spotting accumulation .BUT also a clear backtested system on how to trade it !
So many "trading educators" just show you how to do technical analysis and most of them aren´t even good analysts. But very few of them really explain how to establish a position, how to calculate risk depending on the environment and how to automate your trades .
I teach this in my Masterclasses. Its a good way to trade as you have clearly defined risk levels for your stops.
In this case we have a 4h Fakeout at the backside of this 4h structure . I look for those after rising wedges.
Its most likely that some bigger players are taking out a few retail stops for liquidity , to establish a short position!
We could call that a small Bulltrap.
Remember we know nothing about the Markets! we can only assume what is
happening , by observing PRICE like footprints of an animal we are hunting in the snow !
Every day we look for footprints in Price and then patiently attack . Often we go home hungry, But sometimes all that waiting and observing and tracking pays off big time and we have food to last us many years!
You must be HARD , CONSISTENT and PATIENT! Self honesty is the most important attribute of a trader. No serious trader plays the VICTIM - EVER !
We take educated guesses and then calculate probabilities.
If we are wrong we have STOPS!
Small Tipp:
Do not believe anyone who "shouts" PREDICTIONS! They are most likely no better at trading than you are! Jessy Livermoore one of the great traders of the early 20th century said :
Tipps are for SUCKERS !
So please learn from him and use my material to learn, but don´t rely on Tipps to trade your hard earned money!
near → at least 50% profithello guys...
as you can see, BINANCE:NEARUSDT is on an ascending channel!
on the other hand, it made a double head and shoulders pattern and broke the neckline!
you can enter when the retracement happens and put your target on 10.84$. so you can get at least 50% profit!
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Chart Pattern Analysis Of Near
The strong bearish candle K2 was interrupted by an up-engulfing candle of K3,
But K3 is not strong enough to close upon the channel to start another bull run immediately,
So, it needs more signals to verify the potential bullish momentum.
If the following candles successfully tested the support,
It is still likely that another bull run start here.