NEAR Protocol coin formed Gartley for upto 14% moveHi dear friends, hope you are well and welcome to the new update on NEAR Protocol coin.
On a 4-hour time period chart, the price action of the NEAR coin has completed the formation of another bullish harmonic Gartley pattern .
This trade has a profit possibility up to 14% and the loss possibility is 4%.
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.
NEAR
NEAR Caught in a Strong UptrendNEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months.
Fundamentals
NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
1. Fees for processing transactions and storing data.
2. Running validator nodes on the network.
3. Governance votes to determine how network resources are allocated.
Similar to BTC, NEAR has a controlled supply. Its current supply stands at just over 300,000. The supply is set to increase by 250,000 annually and reach a total of 1,250,000 after 5 years. Economics tells us that when supply increases, price decreases. Thus this is not a positive aspect at the moment, but it will be so in five years.
NEAR on the Chart
NEAR is currently in an uptrending channel. It has recently hit the upper limit of the channel and now even broken through, indicating that a short-term pullback is imminent.
There is also a bearish RSI divergence indicating a pullback. The Relative Strength Index (RSI) is a momentum indicator that oscillates between overbought and oversold. When RSI has a value greater than 70, it is said to be overbought (indicating that it is a suitable place to sell), and when it is below 30, it is oversold (a suitable place to buy). A bearish RSI divergence occurs when the RSI is moving lower while the price is moving higher. This is precisely what happened between the 9th and 10th of March, thus further indicating a short-term reversal.
Looking Ahead: NEAR appears to be in a solid uptrend for the past three months, mostly respecting the channel drawn on the chart. However, due to the price breaching the upper limit and the bearish RSI divergence, it may see a short-term reversal before pushing higher.
NEARUSDT (NEAR) - BIG MOVE ANALYSIS 🔎
- NEARUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2).
- Downtrend ⬇️: Horizontal support levels (S1, S2).
NEAR/USDT — A Dump After Bitcoin’s DropNEAR, like almost any top 100 altcoin by market cap, reacted very sharply to the recent fall of Bitcoin. Such a strong drop of the first cryptocurrency may well lead to another market correction, and as such, one should be very careful with long positions. Nevertheless, in this situation it makes sense to buy back the dip and open a long position to benefit from a bounce of NEAR in the short term.
Two major support levels are currently marked with red lines on the chart. Locally the coin is likely to continue moving in the downtrend marked by the white line. After the last downtrend, NEAR corrected to the 0.236 Fibonacci level. Given the fact that the RSI indicator has entered the oversold zone it makes sense to expect NEAR to bounce soon to at least one of the profit taking zones. Presumable trajectories of the asset's price movement are marked with blue lines. We also recommend placing a stop loss in the area below the last support level.
Use the GRID Bot by 3Commas to benefit from this strategy. Simply follow the steps below:
Head over to the GRID Bot by choosing it from the main menu in your 3Commas account;
Select the USD Market and the NEAR/USD pair;
In the GRID Bot tab, go to the Manual strategy settings;
Set the upper limit price to $3.73 and the lower limit price to $2.05;
Number of grid lines: 10;
Click the Create button.
Best of luck, and happy trading!
-The 3Commas Team
🆓NEAR Protocol/USDT Analysis (25/2) #NEAR $NEARNEAR is heading to 4$ zone, this zone is very strong so I think it will take NEAR a long time to breakout.
There are 2 cases may happen :
- Conquer 4$ zone successfully in this wave, NEAR will move up to 6$ zone
- Sideways between 3.4-4$ in a long time, NEAR will move up to 7$ if breakout 4$ zone
📈BUY
-Buy: 3.25-3.4$. SL if B
📉SELL
-Sell: 4.0-4.2$. SL if A
-Sell: 6.9-7.1$. SL if A
♻️BACK-UP
-Sell: 3.25-3.4$ if B. SL if A
-Buy: 2.35-2.5$. SL if B
-Buy: 4.0-4.2$ if A. SL if B
-Sell: 5.9-6.1$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
NEAR/USDT Prediction AnalysisGood Morning to All Respected Investors and Traders,
I made a simple analysis about NEAR/USDT
I reckon you guys to entry the market at my sign!!
Also TP at "Potential Target" 1 and 2
Happy trading y'all !!
Critiques and Comments are really appreciated
Thank You!!
PS: This not Financial Advisory or even education. PLEASE DYOR !!!!
$NEAR/USDT 2h (Binance Futures) Descending channel breakoutNear Protocol broke out of that parallel channel and is retesting it right now.
I expect a bounce on it since it's seems to be a bullish flag to me!
Current Price= 2.5011
Buy Entry= 2.5113 - 2.4101
Take Profit= 2.7717 | 3.0259 | 3.3859
Stop Loss= 2.2527
Risk/Reward= 1:1.5 | 1:2.72 | 1:4.45
Expected Profit= +25.28% | +45.94% | +75.20%
Possible Loss= -16.90%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 180h
NEAR headed to sub $1.10??If NEAR cannot return to this eclipsed shaded area above, I believe we will see it dropping more to around $1.08 , but it could pivot and return to go up at any of these FIBS. with my experience I would bet on it getting all the way down to 1.08. DYOR
* ohhh btw when one or several of my ideas make you rich AF please feel free to inbox me for my btc wallet address to send a "pay it forward/gratefulness" tip. Positive VIBEZ! If you have a currency or stock you would like me to take a look at hit up my inbox! *
NEAR / BTC bullish Breakout ?NEAR / BTC
just broke descending channel pattern
If bulls keep pushing and hold the price above trendline resistance the next potential target will be around 700 sats lr more
If bulls lost and price return into channel again and break horizontal support below (red color) it will find a new bottom
Please have a plan before trading
Good luck
Near for the Long Haul!If you have been following Near then this chart will make sense to you. Ultimate target: 2.12 . Buy @.90 cents (if possible) 1.10 seems like a lesss greedy aproach lol and could very well be the only buy option. if not and this thing chooses to Rocket up! hop on that train and sell at 2.12 , wait for consolidation and then report back here for a new chart. Our Oscillator worries me a bit.. This is why I believe there will be a couple retraces before moving higher. But that 2$ mark is undeniable.
* If you have a currency or stock you would like me to take a look at hit up my inbox. ohhh btw if any of my ideas make you rich AF please feel free to ask me for my btc wallet address for a "pay it forward/gratefulness" tip. Positive VIBEZ! *
Near is looking bullish, But WAIT!Near is looking great short term, however on the 1day chart it clearly shows consolidation. I would Hold off about a week and wait until the volume pushes us over the first yellow arrow (25 day moving average line and SSL Chanel line) Once it completes this and or Hits 0.0000377 Feel free to go ahead and throw your stack in ;) I think Near is a solid project with a solid team and should have no problem making gains in the future. Cheers!
✳️NEAR Protocol/USDT (17/11) View + Trading Plan #NEAR $NEARNEAR just finished consolidating the 0.8-0.85$ zone and this will be its important support zone. Currently, NEAR is heading to the 1.1$ zone, which is a sure strong selling zone that we should be careful about.
📈BUY- LONG
-Buy close to 0.8-0.85$, stoploss if B
📉SELL-SHORT
-Sell: 1.1-1.15$, stoploss if A
-Sell: 1.25-1.3$, stoploss if A
♻️BACK-UP
-Sell close to 0.8-0.85$ if B, stoploss if A
-Buy: 0.65-0.7$, stoploss if B
❓Details:
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"