NEAR Protocol broke trough off the support level. Asset broke trough off the lower boundary of ascending channel. Decline to support level at 8.3 is expected to happen.
Hello everyone !
Today H₿ Capital is analyzing NEAR based on a « Weekly » chart 📈
What we can see :
- Since October 2020 until now, prices are progressing into a parallel channel. Right now Near is trading right on the upper line of this channel. It seems that 20$ is a strong resistance that Near must break to reach higher levels.
- By using the Trend...
Getting close to a top on this trending move, I have marked 2 likely areas where price should retrace to - I will update once the move becomes more clear.
Got a tip about the tech behind near protocol
Assuming we are at a crypto cycle top
And using the geometry of the chart
I'd be looking for buys around 7 and 13
But obviously if we go into a crypto bear
You'd have plenty of time to buy
NOT TRADING ADVICE
This is a very credible short-term Target in Near Protocol which is a very strong Layer 1 Project. I expect to see large upside in this over course of 2022 as well but there is a bullish short-term structure in this atm.
All the indicators are looking really good got NEAR.
Since more projects are coming in this protocol more adoption is being generated for NEAR protocol.
Blue LSM and Red RSI are about to cross and both above level 50 in most of the time frames.
Very good long term project
Appreciate the hard work and press like.
Happy trading,
Rafa
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NEAR is trading above the support zone at $9.11. If it can stay above this support, we could start seeing a move towards $10.81, $12.07, $13.34, $15.15, $17.45 and $24.09. Failure to hold the support at $24.09 could lead to a drop towards $8.20, $7.83 and $6.70.
Hello friends, it is clear that the resistance has already broken the price of its weekly time frame, now the resistance in the daily time frame has also broken.
buy with respect to the loss limit, I think it will be profitable ... GoodLuck and dont forger to like me :D
Appears to be in the early stages of wave 3 which should see prices stretch VERY high, Setup is very clean here and imo a high chance this actually does play out.
hello guys
as you can see in the chart NEAR was able to break the dynamic resistance line (marked in red) powerfully last week. and now it seems that price is going to test the intersection of broken resistance and bullish trend line(marked in blue).
this intersection zone can be a good place to buy(aiming for the channel's upside)
Near Protocol (NEAR) cryptocurrency was among the few digital currencies that sustained a big rally while the cryptocurrency market underwent a massive sell-off. In Elliott Wave analysis, the ABC pattern is a 3-wave pattern where wave A and wave C are equal in length.
ABC Pattern
From October’s 2020 low through March’s high, NEAR developed its first leg A. The...
The daily chart shows that yesterday’s melt-up lifted NEAR Protocol above a descending trend line at $6.90. This accelerated the buying, and as a consequence, NEAR cleared the previous all-time of $7.4500. This now becomes the first level of support, followed by the former trend resistance, now seen at $6.85.
How far can the rally take NEAR? Considering the...
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