Call me crazy but I think its possible , well see. I like near and what they're doing. will be paying attention to ETHdenver and setting bids accordingly. what are your thoughts on Near protocol?
Low should be coming I assume in the coming days - Overall I see this as a bullish retrace and expect prices to climb higher once this correction has completed.
The Near Protocol (NEARUSD) is at the closest it has been to the 1D MA200 (orange trend-line) in more than 9 months as there hasn't been any contact since May 05 2022. Even in the event of contact or even marginal break-out, it is not the time to celebrate as within the Bear Cycle's Channel Down (since January 14 2022), there have been another two similar...
Notice where the price action is being held down... the 3D MA50 & ORANGE resistance range.
Set an ALERT for $2.80 - Once that level clears, there should be a strong impulse to the next resistance level and so on.
Good Luck
We observe strong growth in the asset. It is traded on increased volumes. Bitcoin has passed to a strong resistance level, can spill the entire market. Also our asset in the sellers area on a round number. Candles are closed with shadows, buyers have little strength. I expect a rebound from the level. Target - PoC volumetric level
Near Breakout Incoming! Can buy Near . I bought it and froze it 1.35$ is the most favorable situation to buy the Near asset, the price will soon increase and we will make a profit by Sell 5$ There will be such information that this news will cause the price to change. How the price changed after some information we provided
NEAR/USD -12HR
Head and Shoulders pattern forming.
If the neckline is broken and confirmed, a measured target would be in the mid to low $2 range
Fed meeting tomorrow could be the catalyst to invalidate the pattern or cause the break down. 👀
Short on confirmation, neutral until then.
Notice NEAR price and RSI are close to breakout on 1H
Once NEAR price exceeds 1H MA200 and trend resistance, price could have an impulsive move. I have an alert set at $1.73 and will monitor confirmation of breakout
profit targets are $1.83 and $2
Good Luck
Fear is currently ruling these markets and it's probably a great time to be accumulating crypto dirt cheap as I believe the future is very bright for alt L1 chains that have already shown promising signs of growing network effects as the future will be multi-chain, Most people still have no idea about the role crypto will play in the future and are quite...
Early stages of the W being formed.
But this gives us a clear level which negates this idea... the most recent local lows.
Currently long NEAR on spot and low leverage futures.
I like what i'm seeing on the development of this ecosystem , and believe it will thrive in the next cycle.
Clear 5 waves up and abc down - should be in the early stages of a cycle wave 3 if our low holds - expecting this to do well and make new highs in the future.
Given the bear market I expect the price of NEAR to keep going down before a rally.
As I see NEAR as a long term investment I will start to DCA
DCA 1: $4.87 (25%)
DCA 2: $4.50 (50%)
And a final hail marry at $1.62 (25%).
The bottom target is unlikely to happen, but it is the next level of resistance, (but we have to go far in the past to see it).
I do expect...
