BINANCE:NEARUSDT BINANCE:NEARUSD
Hit the rocket! ---------------------------------------------------------------------------------------------------------------------------------------------------->>>>>>>>
The oversold line (green) from the most recent high is converging with the overbought line (red) of the most recent relevant low.
This also...
NEAR after breaking out of the key monthly resistance has been riding the trend line down which is fine. I believe this is a false breakout and we need a lot more bullish posturing to push the price up here. I added a blue line of contraction and support, this could be one of the wedges I like to trade considering the candle bodies keep starting at the same price...
Near has a few weeks of price action at each of the dashed lines. It already hit my first price target. If the token can stay above this monthly resistance (teal line) this will be very bullish indeed. I have always preferred Near over solana fundamentally, and this breakout offers way more upside. Bullish target is 4.2, more bullish 4.9, giga bullish 6.7$.
Near is nearly trading at all-time low levels.
First, a multi-year low hit 14-August.
Second & last, a new low hit this week, barely lower than the low two months ago.
This is a very strong bullish signal.
If this pair intended to continue lower, the lower low hit in the current session would be many times lower compared to August, instead we get a double...
Near might be having a fake out here with a weekly candle above the resistance, this candle has not yet closed and we could see it breakdown with this market correction. Time will tell, I believe Eth will pump hard in a few days/weeks so this might continue the upward trend.
NEAR has formed a cup along with a handle. The handle has dropped 14.91% and has moved back up, now it must break the rim of the cup to push on.
Target is on the chart of roughly $5.9 area
Impressive Weekly Surge: NEAR showcases a 55% increase this week, indicating a robust bullish reversal.
Approaching Key Milestone: The NEAR price is testing the crucial $4 mark.
Potential for Further Gains: A successful breach of $4 could propel NEAR towards the $5 threshold.
Staggering Year-to-Date Growth: NEAR's year-to-date growth stands at an astonishing...
Near Protocol (NEARUSD) is posting the strongest 1W candle since the previous Bull Cycle and has turned the 1W MA50 (blue trend-line) into Support. The 1W RSI is already overbought approaching the 80.00 level but there is still much room for this rally to grow long-term.
Historically, NEAR has seen two major multi-month rallies within the +1300% +1350% range....
Near approaches long term monthly resistance from a very long time ago. The first fib which I drew on the weekly chart approaches. This token I have not covered on TV, it is a smaller holding I bought way back in the bear and it looks to finally be moving. I prefer NEAR tech wise over Solana but its much smaller and riskier. I think the token tests the teal line...
115% Rally in Recent Weeks: NEAR token showcases an impressive 115% rally, highlighting strong bullish momentum.
Exceeding 50-Week EMA: The price trend surpasses the 50-week EMA, indicating a new breakout rally.
12% Jump in Two Days: NEAR token makes a significant 12% jump in just two days.
Potential Breakout to $3: If NEAR surpasses the $2.28 mark, it could...
Awesome project in 2021 bullrun, but it has some issues the last 6 months. No clear direction of the project right now. NFT's are getting delisted from binance from competitor chains and Near was focused on NFT's mostly, without something innovative like other L1's.
I would buy a huge bag if it goes to 0.6$, or you risk entering now and DCA till 0.6$ and maybe below.
Leveraged trading is for experienced traders only or whomever wants to trade of course.
This is high risk and can result in liquidation and all money lost. If you don't know what you are doing, if you can't take a loss, please stay away; adults only.
With that said, let me show you the numbers of a simple trade.
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LONG NEARUSD
Leverage:...
Potential purchase after a run on sell side liquidity leading up to price moving from a discount to premium which represents an opportunity to take a bullish position that sees price move back towards equilibrium (atleast 50% retrace into previous price zone).
I am doing 8X on this one with a tight stop.
The bullish action we are seeing across the Cryptocurrency market leaves no doubt, we are already inside the wave.
Everything is likely to grow... Or should I say, everything is either growing or recovering from a major low.
The low was set 10-June, mid-June for the entire market, and now the resumption of the...
NEARUSD is having today the strongest 1D green candle since January 14th.
With that, it crossed over the MA50 (1d) for the first time since April 26th.
Despite the positives, it remains inside a long term Channel Down since the start of February and we should treat it as such.
Trading Plan:
1. Sell at the top of the Channel Down.
2. Buy if the price breaks over...
