Hi dear friends, hope you are well and welcome to the new trade setup of NEAR Protocol coin. (It's a high-risk high reward plan)
On a monthly time frame, the price line of NEAR has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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Everything on the chart.
Entry: market and lower
Target zone: 4.5 - 5.2
after first target reached move ur stop to breakeven
Stop: ~3 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Today we are looking at NEAR/USDT. It's second time that Near has been in such a position where triangle formation has been giving it a pressure to break. Previous time it was breakdown but now too effective. We are buying Near here with open target but STOP is at $2.8
"Buy when everyone is scared and sell when everyone is buying"
Here is another analysis of the Near asset. The chart is a 1D timeframe.
From the support line TD, it is obvious that the current price of $Near was the price a year ago.
This was the accumulation zone within that period and after price left this zone, this is the second time after it is coming back to it.
The fact that it came back here a year...
It looks market is in the accumulation stage. So I don't expect high volatility/
The price tested zone below 3$, but I didn't see the big interest of buyers, the volume is not high. We have a bullish pattern (3 green candles), but it doesn't support by volumes.
RSI is a little bit over 30, but I think some whales want to buy for a better price and will dump the...
In the current situation, we are seeing the likely completion of a flat correction in the form of a-b-c waves. The most probable is a decline after the rebound or a false breakdown of the resistance of 3.7-3.9. The continuation of the decline will be confirmed by the breakdown of the pivot 2.875
The price lost important support from 7.3$ where the market created an M pattern and the price retested as new resistance.
On the daily timeframe the price bounced from 5.1$ where the market creates a demand zone.
on 4H timeframe the price is creating equal lows on 5.1$
How to approach it?
The price could grab the new liquidity from the demand zonw on 5$ and...
We are currently Bearish on NEAR Protocol, NEAR , and we have gone down quite a bit since our last analysis in May. We are down over 80% since the All Time High and that ($2.10) Support Area would be almost a 90% decline. We prefer to wait for some Buy signals from the Engineer but we are trying to break upwards on the Daily Downtrend Line. We remain Bearish on...