The NEAR/USD price is currently breaking out of the trendline resistance on the 4-hour time-frame. In the event of a successful breakout, I anticipate a significant bullish movement happening soon. Please note that this is not financial advice, so make sure to do your own research (DYOR) before making any investment decisions.
Fibonacci extension levels.
There may be a last drop, but i think the rise will continue afterwards.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Consider buying some #NEAR here. It has tested the support zone and bounced back. My targets are:
$7.348
$7.885
$9.052
$9.996
$10.940
$11.837
Support zone: $5.998 ~ $6.240
Strategy: Short
Entry: 6,74600
TP: 6,29000 (6,76%)
SL: 6,97500 (3,39%)
Decision Making process:
Subtle RSI bearish divergence
EMA crossover
Double Top bouncing off resistance and failing support
Support retested
General (BTC) bearish market
Let's dive into analyzing and examining this cryptocurrency, as it might provide us with trading opportunities this week. 📊💰
Currently, the coin has been on an uptrend in the weekly timeframe, reaching resistance at 8.466 and retracing to support at 6.204. This support has acted as a reversal point several times, indicating its significance. 📈🔄
For a short...
📊 Analysis:
Strong Support: NEAR has rebounded from the support level at $6.43, indicating strength in this area.
Confirmation Needed: Conviction will increase with a clear break above $6.80 and sustained holding above this level.
Laddering Strategy: Plan to enter the trade gradually, starting with minimal leverage and increasing as key resistance levels are...
The currency rebounded from the upper boundary of the uptrend channel and then retested the MA100.
While testing the upper boundary we received a signal from TD Sequential.
I expect a decline to the support level and after the growth to the resistance.
The crypto pair NEAR is making LH and LL forming a bearish trend. The crypto have given fakeout along the way but look like the bull are not ready to charge. The pair made a bearish divergence along with a bearish engulfing, showing confluence near its recent High. Trade setup is a sell opportunity with Entry price, SL and TP mentioned.
crypto market is in uptrend and its easier to find entries with trend
seems like near is getting ready for another breakout consolidating in bullish pennant and expecting upside breakout incase breakout expecting solid bullish wave towards 10$
NEAR/USD (NearProtocol) formed another bull flag/pennant on the daily timeframe for another potential leg up. Full send after a breakout but if we break below this red neckline we can also retest $4.645.
Long story short - last time we were fiddling around with this level, NEAR rocketed to $20.
Now we are forming more support here and around this level....possibly fueling for a nice move higher. We have a few levels of support right below current price action, but my next trend line support is 33% away. I dont really wanna see the 12h structure break downward....
the falling wedge pattern in consolidation in daily chart.
in the green circle that i highlighte u can see the price action in fibbonaci levels.
always breakout with huge green candle... that happen twice in (0.5 ,0.618).
now we waiting for a breakout the upper side of falling wedge...that will make our next target is 10$
Thank you, and for more ideas, hit "Like"...
![NEARUSDT: [NEARUSDT] - on the verge of breakout](https://s3.tradingview.com/7/7VANYEG9_mid.png "[NEARUSDT] - on the verge of breakout")
