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NEAR / USDT Spot Trading Pair

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NEARUSDT trade ideas

⏳📈 "NEAR Coin Analysis: Weekly Resistance Break?" 📊📝💹 Let's dive into this cryptocurrency and update our previous analysis, while also checking for new triggers. 📝 In the weekly timeframe, this coin, unlike most in the current market, has broken its weekly box and is continuing a strong upward trend. 🛡️ Every time there is a correction, the volume decreases, and as the upward trend continues, the volume increases. From the support floor until now, it has provided about 700% profit and has reached a significant resistance that has existed in the past and also served as a reversal point in the last few weeks. 📊 Additionally, the RSI in the weekly timeframe, after breaking 68.48 and entering overbought territory, can lead to a price increase. Our main overbought point is 71.06. Note that I use this oscillator in the direction of the trend, meaning if the trend is downward, entering overbought territory doesn't matter to me. 🔄 Before moving to a lower timeframe, let's review our previous analysis of this coin. In the previous analysis, it was mentioned that after breaking the descending continuation trend line, we could open a long position. However, the reality was a sharp movement that wasn't suitable for positioning. After hitting the resistance and due to market events including corrections and a brief conflict between Iran and Israel, the price dropped. ⏳ In the four-hour timeframe, after a correction, we are moving towards the weekly resistance but not seeing significant volume or money entering this coin. On the other hand, we have a daily trend line which is an ascending and retracement type. 💪 Regarding trend lines, we have two types: continuation and retracement. Continuation trend lines are in the direction of the trend and after breaking, we move in the main trend direction, while retracement trend lines are against the trend and cause a trend reversal. 🔍 When examining this trend line, it is clear that it is weakening because each time it is touched, the price moves less upwards. The first time it moved 30%, the second time 22%, and this time, if rejected by the 8.351 resistance, it will be even less, clearly indicating the weakening of the trend line. 📚 Also, in the daily timeframe, we have a rising wedge, but to avoid bias, I won't draw the upper line and instead focus on opening a long position after breaking the 8.351 resistance since the lower line provides the position for us. 📉 For a short position, after breaking this trend line and increasing volume, we can open our short position by breaking the four-hour support at 7.639, but we can place a risky stop-loss because if we hit the stop-loss, we can open the long position at 8.351. 📈 For a long position, after breaking 8.351 with increased volume and candle confirmation, we will open our long position in the direction of the trend. Also, since we are breaking the weekly resistance, we might experience volatility, so don't place risky stop-losses. 🌐 You can buy this coin after the weekly candlestick closes above the resistance at 8.258 with substantial volume. You can consider buying it with a stop loss at 5.348. I already hold this coin, so I'm currently waiting. But I suggest you review the project. 🔗 Our upcoming supports are 6.645, 5.781, and 5.051, while the upcoming resistances are 9.39, 10.317, and 12.985. 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
Long
by RealMRA
7
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
Long
by melikatrader94
12
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.
Short
by bryandowningqln
1
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!
by ChartmanChris
NEARUSDT THREE RISING VALLEYSWe were first presented with a momentum shifting structure which looked like an inverse head and shoulders with 4 shoulders, but then created 3 consecutive higher lows and higher highs to form the image of a three rising valleys structure. We sprung from the resistance line and recently back tested the neckline as support. Our first target is the measure from the first low and first high from the three rising valleys. Our second target is a key resistance line from October of 2021. If the asset falls below the third valley then the setup is invalid. As a compliment, NEAR when compared to the BTC chart also looks bullish, so we could see NEAR outperforming BTC in the near future. Overall, NEAR has had a strong uptrend in weekly scale compared to most altcoins so I'm expecting it to keep outperforming in the next few months.
Long
by diegochuw
📈Trading Strategy for NEAR : Long and Short Opportunities🪄🔍Let’s dive into today’s analysis. Bitcoin continues its correction phase from its recent uptrend, and with the weekend ahead, we anticipate the market will remain range-bound. Today, our analysis focuses on NEAR Protocol, one of the top crypto projects ranked 17th in the market. This project serves as infrastructure for other crypto projects and is trusted and utilized by notable teams such as Arbitrum, Polygon, and Eigen Layer, significantly enhancing its market influence. 🧩In higher time frames like the daily and weekly charts, the trend is undeniably bullish. However, on the 4-hour chart, we see a prolonged range box. After a false breakout to the downside, the price regained upward momentum but still lacks the necessary strength to break out of the range box and is currently consolidating at the top. The 25 SMA has approached the price, which could inject new momentum into the market. But since it's Saturday, significant market movement is unlikely. Nevertheless, the arrival of the 25 SMA could trigger another bullish leg. 🎲Currently, the RSI does not provide a clear long trigger. However, if the price breaks above 74.53, and you have an existing position, it is advisable to hold it, as this could lead to a substantial sharp move. A breakout of 8.507, followed by the RSI resistance breakout, might signal the start of the next weekly time frame rally. Therefore, don’t hesitate to hold your position if 8.507 is broken, and don't worry about potential stop-outs. A successful breakout could hit long-term targets, making the risk worthwhile. The targets for a long position could be 10.396 and 13.034. 📉For short triggers, the nearest trigger is 7.837. If the price tests this level and breaks it on a second attempt, I will open a short position and quickly secure profits due to the overall bullish market momentum. The next short trigger comes after breaking the trend and a breakdown below 6.676, where you can open a position targeting the bottom of the range box. An RSI trigger can be identified at 43.87, and a breakdown below this level could confirm the entry of bearish momentum into the market. 📊Regarding volume, it is currently in favor of buyers. The volume has increased with rising prices and decreased during corrections, indicating weak selling pressure. 📝In summary, NEAR Protocol shows strong long-term bullish potential, with key levels to watch for both long and short positions. While the market may remain subdued over the weekend, significant moves could occur with the break of critical levels identified. Proper risk management and attention to volume trends will be essential in navigating these trades successfully. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
NEAR - UPDATE No doubt we are in an uptrend for BINANCE:NEARUSDT and this might just be a nested 1-2/1-2 which is super bullish reaching as far as $40. Now we are at a crossroads and if this scenario is valid from here we should se price retrace to the 50 - 78% Fibonacci level to form either wave 2-blue for the leading diagonal wave 1-blue or a deeper retracement down and out of the channel to $4.26 turning the whole process from wave 1-orange down to that point to become a Flat pattern. Overall NEAR PROTOCOL IS BULLISH There are some other scenario that are highlighted as 12345-white and or A and C-green but don't bother about it if it is to complex for you to understand, just focus on the main narrative which is the one I've explained above. The good entry/accumulation point are the highlighted Fibonacci zones as seen on the chart. There are 2 invalidation level on the chart. One is for the 12345-white and 12345-blue. If you believe in this scenario you entry should be within the first Fibonacci level and price must not cross the last swing high $4.280 while the second invalidation level is for the 12345-yellow and orange. If you believe in the 1-2/1-2 scenario. Each invalidation level depends on the type of trader you're and how much risk tolerance you trading style can tolerate. Feel free to ask question if you don't understand anything here and don't forget to react. OTHER ANALYSIS BINANCE:ACAUSDT BINANCE:PEOPLEUSDT FX:USDJPY
by DewyCandles
2
NEAR'S STILL WATER MIGHT BE RUNNING DEEPBINANCE:NEARUSDT is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep" There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI) which has pushed price to $4.7 followed a strong hidden divergence on the daily RSI after the correction to $2.45 leading the price to it current state and possibly beyond. The technical obstacle here is if the previous support level becomes resistance else expect 200% surge from current price. The invalidation level (red dotted line) for this scenario is at $1.74. Overall, on the primary degree or call it macro view, it looks like we have completed wave B/2-cyan which retraced almost 80$ Fibonacci level (very close to the ALL TIME LOW) and we are presently on the journey to wave C/3-cyan OTHER ANALYSIS
Long
by DewyCandles
5
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
Short
by nothingchangehere